Allstate (NYSE:ALL – Get Free Report) posted its quarterly earnings results on Wednesday. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $1.28, Briefing.com reports. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($4.42) earnings per share.
Allstate Price Performance
Shares of NYSE:ALL traded up $3.32 on Thursday, hitting $174.44. The stock had a trading volume of 1,577,026 shares, compared to its average volume of 1,565,607. Allstate has a twelve month low of $104.29 and a twelve month high of $180.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.36 and a current ratio of 0.36. The firm’s 50 day moving average price is $164.17 and its 200-day moving average price is $163.89. The company has a market capitalization of $46.04 billion, a price-to-earnings ratio of 37.78, a price-to-earnings-growth ratio of 1.82 and a beta of 0.48.
Allstate Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, August 30th will be paid a $0.92 dividend. The ex-dividend date is Friday, August 30th. This represents a $3.68 annualized dividend and a dividend yield of 2.11%. Allstate’s dividend payout ratio is presently 81.24%.
Analyst Upgrades and Downgrades
Insider Activity
In related news, insider Suren Gupta sold 45,775 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $177.28, for a total transaction of $8,114,992.00. Following the transaction, the insider now owns 89,930 shares in the company, valued at approximately $15,942,790.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by corporate insiders.
Allstate Company Profile
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.
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