Allstate (NYSE:ALL) Announces Earnings Results

Allstate (NYSE:ALL) announced its quarterly earnings data on Wednesday. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating 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 Trading Down 0.9 %

ALL stock traded down $1.64 during trading on Friday, hitting $190.24. The company had a trading volume of 74,100 shares, compared to its average volume of 1,703,883. The company has a 50 day simple moving average of $192.75 and a 200-day simple moving average of $188.86. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. Allstate has a 52-week low of $153.87 and a 52-week high of $209.88. The firm has a market capitalization of $50.38 billion, a P/E ratio of 12.32, a PEG ratio of 1.47 and a beta of 0.52.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were paid a $0.92 dividend. 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 1.93%. Allstate’s payout ratio is 23.83%.

Analysts Set New Price Targets

Several brokerages have commented on ALL. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 8th. Keefe, Bruyette & Woods lifted their price target on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Wells Fargo & Company raised their price objective on Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on shares of Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group boosted their price target on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.