The Allstate Co. (ALL) To Go Ex-Dividend on November 29th

The Allstate Co. (NYSE:ALL) declared a quarterly dividend on Thursday, November 14th,RTT News reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.92 per share by the insurance provider on Thursday, January 2nd. This represents a $3.68 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, November 29th.

Allstate has increased its dividend payment by an average of 18.1% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Allstate has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Allstate to earn $19.07 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 19.3%.

Allstate Stock Up 0.6 %

Shares of ALL stock opened at $196.88 on Friday. Allstate has a twelve month low of $131.65 and a twelve month high of $201.00. The stock has a market cap of $52.13 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.75 and a beta of 0.48. The stock has a 50 day moving average of $190.01 and a 200 day moving average of $176.72. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. As a group, sell-side analysts expect that Allstate will post 16.07 EPS for the current year.

Insider Buying and Selling

In related news, CEO Thomas J. Wilson sold 90,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total value of $16,140,600.00. Following the completion of the transaction, the chief executive officer now directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. This represents a 50.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Toohey sold 16,682 shares of Allstate stock in a transaction on Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the completion of the sale, the executive vice president now owns 4,873 shares in the company, valued at $877,968.41. This represents a 77.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,049 shares of company stock worth $26,106,112. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ALL. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. Jefferies Financial Group raised their price objective on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Evercore ISI upped their target price on Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 9th. Roth Mkm reissued a “buy” rating and issued a $200.00 price target on shares of Allstate in a research note on Wednesday, August 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.19.

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.