Allstate (NYSE:ALL) Announces Earnings Results, Beats Estimates By $2.27 EPS

Allstate (NYSE:ALL) announced 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 return on equity of 26.67% and a net margin of 6.77%.

Allstate Price Performance

Shares of ALL traded up $2.05 during midday trading on Wednesday, hitting $192.92. The company’s stock had a trading volume of 1,287,525 shares, compared to its average volume of 1,733,803. 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 one year low of $153.87 and a one year high of $209.88. The stock has a market capitalization of $51.09 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. The company’s fifty day simple moving average is $193.38 and its two-hundred day simple moving average is $188.81.

Allstate Dividend Announcement

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 dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s payout ratio is presently 23.83%.

Analyst Ratings Changes

Several brokerages have recently commented on ALL. Morgan Stanley lifted their target price on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. BMO Capital Markets increased their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. The Goldman Sachs Group upped their price target on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Evercore ISI upgraded shares of Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods upped their target price on Allstate from $235.00 to $243.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.