Allstate (NYSE:ALL) Releases Earnings Results, Beats Estimates By $1.71 EPS

Allstate (NYSE:ALL) announced its quarterly earnings data on Wednesday. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71, Briefing.com reports. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The firm had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year.

Allstate Stock Performance

NYSE:ALL traded down $2.92 during trading hours on Thursday, reaching $186.52. The company had a trading volume of 3,902,110 shares, compared to its average volume of 1,546,806. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.49. Allstate has a 52 week low of $125.63 and a 52 week high of $198.79. The firm has a market cap of $49.23 billion, a price-to-earnings ratio of 41.69, a PEG ratio of 1.74 and a beta of 0.48. The firm’s 50 day moving average price is $188.69 and its 200-day moving average price is $174.95.

Insiders Place Their Bets

In other Allstate news, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the sale, the insider now owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now owns 27,364 shares of the company’s stock, valued at $5,236,922.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the sale, the executive vice president now directly owns 4,873 shares of the company’s stock, valued at approximately $877,968.41. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 192,530 shares of company stock valued at $34,967,665. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ALL shares. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price objective on shares of Allstate in a research note on Wednesday, August 14th. Jefferies Financial Group raised their target price on Allstate from $217.00 to $231.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Bank of America raised their target price on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their target price on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, BMO Capital Markets raised their target price on Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $207.19.

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.