The closing price of Allstate Corp (NYSE: ALL) was $155.15 for the day, down -2.74% from the previous closing price of $159.52. In other words, the price has decreased by -$3.45 from its previous closing price. On the day, 2931083 shares were traded. ALL stock price reached its highest trading level at $158.80 during the session, while it also had its lowest trading level at $154.62.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Ratios:
Our analysis of ALL’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.44.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on January 10, 2024, initiated with a Outperform rating and assigned the stock a target price of $193.
On January 09, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $130 to $180.
Morgan Stanley Upgraded its Equal-Weight to Overweight on January 04, 2024, whereas the target price for the stock was revised from $117 to $171.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 27 when Pintozzi John C sold 4,000 shares for $159.47 per share. The transaction valued at 637,880 led to the insider holds 10,736 shares of the business.
Rizzo Mario sold 24,698 shares of ALL for $4,001,076 on Feb 16. The PresPersonalProperty-Liability now owns 60,200 shares after completing the transaction at $162.00 per share. On Feb 16, another insider, Merten Jesse E, who serves as the EVP & Chief Financial Officer of the company, sold 19,458 shares for $162.38 each. As a result, the insider received 3,159,653 and left with 16,721 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALL now has a Market Capitalization of 40.81B and an Enterprise Value of 50.04B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 2.58. Its current Enterprise Value per Revenue stands at 0.88.
Stock Price History:
Over the past 52 weeks, ALL has reached a high of $168.05, while it has fallen to a 52-week low of $100.57. The 50-Day Moving Average of the stock is 153.00, while the 200-Day Moving Average is calculated to be 126.03.
Shares Statistics:
ALL traded an average of 1.58M shares per day over the past three months and 1.82M shares per day over the past ten days. A total of 262.00M shares are outstanding, with a floating share count of 261.49M. Insiders hold about 0.60% of the company’s shares, while institutions hold 79.23% stake in the company. Shares short for ALL as of Feb 15, 2024 were 2.42M with a Short Ratio of 1.53, compared to 2.18M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 0.92% and a Short% of Float of 0.92%.
Dividends & Splits
With its trailing 12-month dividend rate of 3.56, ALL has a forward annual dividend rate of 3.59. Against a Trailing Annual Dividend Yield of 2.24%, it implies a Forward Annual Dividend Yield of 2.37%. The stock’s 5-year Average Dividend Yield is 2.36.
Earnings Estimates
The firm’s stock currently is rated by 15 analysts. On average, analysts expect EPS of $3.56 for the current quarter, with a high estimate of $4.67 and a low estimate of $2.43, while EPS last year was -$1.3. The consensus estimate for the next quarter is $1.82, with high estimates of $2.84 and low estimates of $0.8.
Analysts are recommending an EPS of between $15.25 and $11.05 for the fiscal current year, implying an average EPS of $12.6. EPS for the following year is $16.45, with 19 analysts recommending between $19.67 and $14.3.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $13.31B to a low estimate of $12.81B. As of the current estimate, Allstate Corp’s year-ago sales were $11.78B, an estimated increase of 10.60% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $14B, an increase of 10.90% over than the figure of $10.60% in the same quarter last year. There is a high estimate of $14.21B for the next quarter, whereas the lowest estimate is $13.74B.
A total of 4 analysts have provided revenue estimates for ALL’s current fiscal year. The highest revenue estimate was $56.89B, while the lowest revenue estimate was $54.87B, resulting in an average revenue estimate of $55.89B. In the same quarter a year ago, actual revenue was $50.35B, up 11.00% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $61.92B in the next fiscal year. The high estimate is $62.93B and the low estimate is $60.7B. The average revenue growth estimate for next year is up 10.80% from the average revenue estimate for this year.
