Allstate Corporation (The) (NYSE:ALL) – Research analysts at William Blair boosted their FY2017 earnings estimates for shares of Allstate Corporation (The) in a report released on Thursday. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $6.73 per share for the year, up from their prior estimate of $5.43. William Blair also issued estimates for Allstate Corporation (The)’s Q4 2017 earnings at $2.12 EPS, Q1 2018 earnings at $1.52 EPS, Q2 2018 earnings at $1.28 EPS, Q3 2018 earnings at $2.01 EPS, Q4 2018 earnings at $2.05 EPS, FY2018 earnings at $6.85 EPS and FY2019 earnings at $6.77 EPS.

Allstate Corporation (The) (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 EPS for the quarter, missing the Zacks’ consensus estimate of $1.61 by ($0.01). Allstate Corporation (The) had a net margin of 7.32% and a return on equity of 13.11%. The firm had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $8.07 billion. During the same quarter in the prior year, the company earned $1.26 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: This piece was first reported by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/equities-analysts-set-expectations-for-allstate-corporation-thes-fy2017-earnings-all/1684903.html.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company reiterated a “buy” rating on shares of Allstate Corporation (The) in a report on Thursday, August 17th. Citigroup Inc. upped their price objective on shares of Allstate Corporation (The) from $97.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. BidaskClub lowered shares of Allstate Corporation (The) from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Deutsche Bank AG lowered shares of Allstate Corporation (The) from a “buy” rating to a “hold” rating and upped their price objective for the stock from $90.00 to $96.00 in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $93.00.

Shares of Allstate Corporation (NYSE:ALL) opened at $99.09 on Monday. Allstate Corporation has a 1-year low of $66.55 and a 1-year high of $98.21. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31. The company has a market cap of $35,107.54, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.89 and a beta of 1.09.

Allstate Corporation (The) declared that its board has authorized a share repurchase plan on Tuesday, August 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the insurance provider to purchase up to 63% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

In other Allstate Corporation (The) news, President Matthew E. Winter sold 48,059 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $94.53, for a total transaction of $4,543,017.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ALL. BlackRock Inc. grew its holdings in Allstate Corporation (The) by 2,743.3% during the 1st quarter. BlackRock Inc. now owns 26,458,327 shares of the insurance provider’s stock valued at $2,156,089,000 after buying an additional 25,527,763 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Allstate Corporation (The) by 4,753.8% in the second quarter. Janus Henderson Group PLC now owns 2,296,651 shares of the insurance provider’s stock valued at $203,116,000 after purchasing an additional 2,249,334 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of Allstate Corporation (The) by 182.7% in the third quarter. APG Asset Management N.V. now owns 3,368,436 shares of the insurance provider’s stock valued at $309,593,000 after purchasing an additional 2,176,800 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Allstate Corporation (The) by 249.1% in the second quarter. Principal Financial Group Inc. now owns 1,827,612 shares of the insurance provider’s stock valued at $161,634,000 after purchasing an additional 1,304,131 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Allstate Corporation (The) by 480.2% in the second quarter. Voya Investment Management LLC now owns 1,496,235 shares of the insurance provider’s stock valued at $132,328,000 after purchasing an additional 1,238,341 shares in the last quarter. 76.49% of the stock is owned by institutional investors and hedge funds.

About Allstate Corporation (The)

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

Earnings History and Estimates for Allstate Corporation (The) (NYSE:ALL)

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