The Allstate Corporation (NYSE:ALL) to Issue Quarterly Dividend of $1.00

The Allstate Corporation (NYSE:ALL) announced a quarterly dividend on Thursday, November 20th. Stockholders of record on Monday, December 1st will be given a dividend of 1.00 per share by the insurance provider on Friday, January 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, December 1st.

Allstate has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Allstate has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

ALL opened at $211.87 on Friday. Allstate has a 1 year low of $176.00 and a 1 year high of $215.70. The stock has a 50-day moving average price of $203.11 and a 200-day moving average price of $201.98. The firm has a market cap of $55.44 billion, a PE ratio of 9.96, a P/E/G ratio of 0.69 and a beta of 0.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $11.17 EPS for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. The firm had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.91 earnings per share. Sell-side analysts predict that Allstate will post 18.74 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Suren Gupta sold 1,400 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $215.02, for a total transaction of $301,028.00. Following the completion of the sale, the insider directly owned 101,031 shares in the company, valued at approximately $21,723,685.62. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ALL. Brighton Jones LLC increased its position in Allstate by 60.2% in the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after buying an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Allstate in the 4th quarter worth $231,000. IFP Advisors Inc increased its stake in Allstate by 15.4% in the 1st quarter. IFP Advisors Inc now owns 1,032 shares of the insurance provider’s stock worth $214,000 after buying an additional 138 shares in the last quarter. Crestwood Advisors Group LLC increased its stake in Allstate by 23.1% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,514 shares of the insurance provider’s stock worth $314,000 after buying an additional 284 shares in the last quarter. Finally, Choreo LLC raised its holdings in Allstate by 3.9% during the first quarter. Choreo LLC now owns 6,726 shares of the insurance provider’s stock valued at $1,399,000 after acquiring an additional 253 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.