Research Analysts Offer Predictions for Allstate Corp’s Q2 2018 Earnings (ALL)

Allstate Corp (NYSE:ALL) – Analysts at William Blair upped their Q2 2018 earnings estimates for shares of Allstate in a note issued to investors on Friday. William Blair analyst A. Klauber now expects that the insurance provider will earn $1.45 per share for the quarter, up from their previous estimate of $1.28. William Blair also issued estimates for Allstate’s Q2 2019 earnings at $1.45 EPS.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.56. Allstate had a net margin of 8.28% and a return on equity of 12.57%. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the prior year, the firm earned $2.17 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year.

Several other brokerages also recently weighed in on ALL. Keefe, Bruyette & Woods downgraded shares of Allstate from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Goldman Sachs Group assumed coverage on shares of Allstate in a research note on Monday, December 4th. They set a “neutral” rating and a $104.00 target price for the company. Wells Fargo & Co downgraded shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 9th. Finally, UBS Group raised their price objective on shares of Allstate from $93.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $97.00.

Shares of Allstate (ALL) opened at $92.13 on Monday. Allstate has a 12 month low of $79.09 and a 12 month high of $105.36. The firm has a market cap of $32,209.15, a PE ratio of 13.52, a PEG ratio of 1.30 and a beta of 0.97. The company has a current ratio of 0.25, a quick ratio of 0.26 and a debt-to-equity ratio of 0.31.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Allstate by 5.8% during the 4th quarter. BlackRock Inc. now owns 26,950,291 shares of the insurance provider’s stock valued at $2,821,964,000 after acquiring an additional 1,466,802 shares during the period. Boston Partners lifted its position in shares of Allstate by 2.5% during the 4th quarter. Boston Partners now owns 8,921,194 shares of the insurance provider’s stock valued at $934,138,000 after acquiring an additional 215,195 shares during the period. Wells Fargo & Company MN lifted its position in shares of Allstate by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 5,281,498 shares of the insurance provider’s stock valued at $553,026,000 after acquiring an additional 102,609 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Allstate by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 4,292,425 shares of the insurance provider’s stock valued at $449,459,000 after acquiring an additional 90,867 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of Allstate by 22.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,210,943 shares of the insurance provider’s stock valued at $387,030,000 after acquiring an additional 769,761 shares during the period. Institutional investors own 76.49% of the company’s stock.

In related news, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $100.49, for a total value of $401,960.00. Following the completion of the sale, the executive vice president now owns 24,341 shares in the company, valued at $2,446,027.09. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 5th will be given a $0.46 dividend. The ex-dividend date is Friday, March 2nd. This represents a $1.84 dividend on an annualized basis and a yield of 2.00%. This is an increase from Allstate’s previous quarterly dividend of $0.37. Allstate’s dividend payout ratio (DPR) is presently 17.68%.

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Allstate Company Profile

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

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