Allstate (ALL) to Release Quarterly Earnings on Wednesday

Allstate (NYSE:ALL) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $3.29 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.04 billion. During the same quarter in the previous year, the firm posted ($4.42) earnings per share. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. On average, analysts expect Allstate to post $15 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Allstate Trading Up 0.1 %

NYSE:ALL opened at $192.78 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.36 and a current ratio of 0.36. Allstate has a one year low of $121.70 and a one year high of $198.79. The business’s 50-day simple moving average is $187.50 and its 200 day simple moving average is $174.10. The stock has a market cap of $50.88 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 1.74 and a beta of 0.48.

Insider Transactions at Allstate

In other news, EVP Elizabeth Brady sold 49,481 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the sale, the executive vice president now directly owns 19,163 shares in the company, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Elizabeth Brady sold 49,481 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $179.09, for a total value of $8,861,552.29. Following the sale, the executive vice president now directly owns 19,163 shares in the company, valued at $3,431,901.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the sale, the chief executive officer now owns 88,552 shares in the company, valued at approximately $15,880,915.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 192,530 shares of company stock worth $34,967,665. 1.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ALL shares. Morgan Stanley boosted their price target on Allstate from $202.00 to $215.00 and gave the stock an “overweight” rating in a research note on Monday. Roth Mkm reiterated a “buy” rating and issued a $200.00 price target on shares of Allstate in a research note on Wednesday, August 14th. Keefe, Bruyette & Woods boosted their price target on Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Bank of America boosted their price target on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, UBS Group boosted their price target on Allstate from $215.00 to $216.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $206.44.

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.