Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Allstate (ALL) Stock Price
News articles about Allstate (NYSE:ALL) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Allstate earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the insurance provider an impact score of 45.1202451125601 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Zacks Investment Research Upgrades Allstate (ALL) to “Buy” (americanbankingnews.com)
- Allstate Corporation (The) (ALL) Expected to Post Quarterly Sales of $8.43 Billion (americanbankingnews.com)
- Financial Review: Allstate (ALL) and Markel (MKL) (americanbankingnews.com)
- Seven Allstate agency owners earn $7,000 grant for RESPOND, Inc. (patch.com)
- $1.63 EPS Expected for Allstate Corporation (The) (ALL) This Quarter (americanbankingnews.com)
Several brokerages recently issued reports on ALL. Goldman Sachs Group began coverage on Allstate in a research report on Monday, December 4th. They set a “neutral” rating and a $104.00 target price on the stock. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research report on Tuesday. Wells Fargo & Company set a $110.00 target price on Allstate and gave the company a “buy” rating in a research report on Thursday, November 16th. UBS upped their target price on Allstate from $93.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Allstate in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $96.50.
Allstate (ALL) traded down $0.13 during trading on Tuesday, reaching $102.37. The company’s stock had a trading volume of 1,085,900 shares, compared to its average volume of 1,865,749. 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 stock has a market cap of $37,250.00, a P/E ratio of 15.10, a PEG ratio of 1.97 and a beta of 1.12. Allstate has a twelve month low of $72.30 and a twelve month high of $104.10.
Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 1st. The insurance provider reported $1.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.01). The firm had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $8.07 billion. Allstate had a net margin of 7.32% and a return on equity of 13.11%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. analysts expect that Allstate will post 6.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.48 annualized dividend and a yield of 1.45%. Allstate’s payout ratio is presently 20.56%.
In other news, CEO Thomas J. Wilson sold 130,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $99.29, for a total value of $12,907,700.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Susan L. Lees sold 4,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $100.49, for a total value of $401,960.00. Following the completion of the sale, the executive vice president now owns 24,341 shares in the company, valued at approximately $2,446,027.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 432,242 shares of company stock worth $42,827,931. Company insiders own 1.50% of the company’s stock.
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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.
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