Allstate (NYSE:ALL) Announces Quarterly Earnings Results

Allstate (NYSE:ALL) issued its quarterly earnings results on Wednesday. The insurance provider reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $5.40 by $2.27, Zacks reports. Allstate had a net margin of 6.77% and a return on equity of 26.67%.

Allstate Price Performance

Shares of NYSE:ALL traded up $2.05 during midday trading on Wednesday, reaching $192.92. The company’s stock had a trading volume of 1,285,198 shares, compared to its average volume of 1,733,290. The business’s fifty day simple moving average is $193.38 and its 200-day simple moving average is $188.81. The company has a market capitalization of $51.09 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.47 and a beta of 0.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. Allstate has a fifty-two week low of $153.87 and a fifty-two week high of $209.88.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.91%. Allstate’s dividend payout ratio is 23.83%.

Analysts Set New Price Targets

Several research firms recently commented on ALL. Bank of America increased their target price on shares of Allstate from $216.00 to $233.00 and gave the company a “buy” rating in a research note on Friday, October 18th. UBS Group raised their price objective on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Morgan Stanley boosted their target price on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price target on Allstate from $235.00 to $243.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.13.

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.