The Allstate Corporation (ALL) To Go Ex-Dividend on March 2nd

The Allstate Corporation (NYSE:ALL) announced a quarterly dividend on Wednesday, February 4th. Investors of record on Monday, March 2nd will be paid a dividend of 1.08 per share by the insurance provider on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, March 2nd. This is a 8.0% increase from Allstate’s previous quarterly dividend of $1.00.

Allstate has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. Allstate has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Allstate to earn $21.55 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 18.6%.

Allstate Stock Up 3.9%

NYSE:ALL opened at $215.23 on Friday. Allstate has a 1 year low of $176.00 and a 1 year high of $216.75. The stock has a 50-day moving average price of $204.00 and a two-hundred day moving average price of $203.69. The stock has a market cap of $56.32 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 0.45 and a beta of 0.23. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. Allstate had a return on equity of 41.84% and a net margin of 15.19%.The company had revenue of $14.57 billion for the quarter, compared to analyst estimates of $17.23 billion. During the same quarter last year, the firm posted $7.67 earnings per share. Allstate’s revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts expect that Allstate will post 18.74 earnings per share for the current year.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the transaction, the insider directly owned 100,646 shares in the company, valued at $21,135,660. This trade represents a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 48,400 shares of company stock worth $10,313,256 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Allstate

Hedge funds and other institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC raised its position in Allstate by 3.8% during the fourth quarter. ProShare Advisors LLC now owns 63,504 shares of the insurance provider’s stock worth $13,218,000 after acquiring an additional 2,319 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Allstate by 2.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 52,294 shares of the insurance provider’s stock worth $10,885,000 after purchasing an additional 1,456 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in shares of Allstate by 2.1% during the 4th quarter. Pathway Financial Advisers LLC now owns 5,969 shares of the insurance provider’s stock worth $1,242,000 after purchasing an additional 125 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Allstate by 3.6% in the 4th quarter. TD Private Client Wealth LLC now owns 3,595 shares of the insurance provider’s stock valued at $748,000 after purchasing an additional 124 shares during the period. Finally, North Dakota State Investment Board acquired a new stake in Allstate in the 4th quarter valued at about $1,884,000. 76.47% of the stock is owned by institutional investors.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.