Allstate Corp (NYSE: ALL) closed the day trading at $165.61 down -2.44% from the previous closing price of $169.75. In other words, the price has decreased by -$4.14 from its previous closing price. On the day, 1270288 shares were traded. ALL stock price reached its highest trading level at $168.88 during the session, while it also had its lowest trading level at $165.53.
Ratios:
For a better understanding of ALL, let’s look at its different ratios. 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 the company, HSBC Securities on March 28, 2024, Upgraded its rating to Buy and sets its target price to $190 from $158 previously.
On January 10, 2024, TD Cowen started tracking the stock assigning a Outperform rating and target price of $193.
Jefferies Upgraded its Hold to Buy on January 09, 2024, whereas the target price for the stock was revised from $130 to $180.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 26 ’24 when Dugenske John E sold 31,000 shares for $170.20 per share. The transaction valued at 5,276,203 led to the insider holds 63,731 shares of the business.
Pintozzi John C sold 4,000 shares of ALL for $637,880 on Feb 27 ’24. The SVP, Controller, and CAO now owns 10,736 shares after completing the transaction at $159.47 per share. On Feb 16 ’24, another insider, Rizzo Mario, who serves as the PresPersonalProperty-Liability of the company, sold 24,698 shares for $162.00 each. As a result, the insider received 4,001,076 and left with 60,200 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 43.68B and an Enterprise Value of 52.90B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 2.75. Its current Enterprise Value per Revenue stands at 0.93.
Stock Price History:
Over the past 52 weeks, ALL has reached a high of $174.57, while it has fallen to a 52-week low of $100.57. The 50-Day Moving Average of the stock is 162.39, while the 200-Day Moving Average is calculated to be 133.46.
Shares Statistics:
Over the past 3-months, ALL traded about 1.67M shares per day on average, while over the past 10 days, ALL traded about 1.26M shares per day. A total of 262.00M shares are outstanding, with a floating share count of 261.53M. Insiders hold about 0.58% of the company’s shares, while institutions hold 79.03% stake in the company. Shares short for ALL as of Mar 28, 2024 were 2.79M with a Short Ratio of 1.67, compared to 2.77M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.06% and a Short% of Float of 1.21%.
Dividends & Splits
ALL’s forward annual dividend rate is 3.59, up from 3.56 a year ago. Against a Trailing Annual Dividend Yield of 2.10%, it implies a Forward Annual Dividend Yield of 2.22%. The stock’s 5-year Average Dividend Yield is 2.36.
Earnings Estimates
Current recommendations for the stock of the company come from 18 analysts. On average, analysts expect EPS of $3.79 for the current quarter, with a high estimate of $5.5 and a low estimate of $2.85, while EPS last year was -$1.3. The consensus estimate for the next quarter is $1.82, with high estimates of $2.77 and low estimates of $0.8.
Analysts are recommending an EPS of between $16.77 and $11.05 for the fiscal current year, implying an average EPS of $12.95. EPS for the following year is $16.78, with 20 analysts recommending between $19.61 and $14.23.
Revenue Estimates
6 analysts predict $13.29B in revenue for the current quarter. It ranges from a high estimate of $15.37B to a low estimate of $12.3B. As of the current estimate, Allstate Corp’s year-ago sales were $11.78B, an estimated increase of 12.80% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $14.17B, an increase of 12.30% less than the figure of $12.80% in the same quarter last year. There is a high estimate of $15.88B for the next quarter, whereas the lowest estimate is $13.21B.
A total of 7 analysts have provided revenue estimates for ALL’s current fiscal year. The highest revenue estimate was $64.25B, while the lowest revenue estimate was $52.76B, resulting in an average revenue estimate of $56.88B. In the same quarter a year ago, actual revenue was $50.35B, up 13.00% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $62.85B in the next fiscal year. The high estimate is $71.63B and the low estimate is $58.9B. The average revenue growth estimate for next year is up 10.50% from the average revenue estimate for this year.
