The Allstate Corporation (NYSE:ALL) Declares $1.08 Quarterly Dividend

The Allstate Corporation (NYSE:ALL) announced a quarterly dividend on Friday, May 22nd. Shareholders of record on Monday, June 1st will be given a dividend of 1.08 per share by the insurance provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, June 1st.

Allstate has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Allstate has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Allstate to earn $26.27 per share next year, which means the company should continue to be able to cover its $4.32 annual dividend with an expected future payout ratio of 16.4%.

Allstate Price Performance

Allstate stock opened at $206.51 on Friday. Allstate has a 52-week low of $188.08 and a 52-week high of $227.62. The company’s 50 day moving average is $212.70 and its two-hundred day moving average is $208.55. The firm has a market cap of $53.16 billion, a PE ratio of 4.56, a price-to-earnings-growth ratio of 0.37 and a beta of 0.21. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same period last year, the business earned $3.53 EPS. The company’s revenue was up 3.0% on a year-over-year basis. On average, research analysts expect that Allstate will post 29.11 EPS for the current fiscal year.

Insider Buying and Selling at Allstate

In other Allstate news, COO Mario Rizzo sold 18,578 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at approximately $17,991,267.60. This trade represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Mark Q. Prindiville sold 1,550 shares of Allstate stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of the sale, the insider directly owned 27,558 shares in the company, valued at approximately $5,959,968.66. The trade was a 5.32% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.55% of the company’s stock.

Institutional Trading of Allstate

Several hedge funds and other institutional investors have recently made changes to their positions in ALL. MV Capital Management Inc. purchased a new stake in Allstate during the fourth quarter worth about $25,000. Dorato Capital Management purchased a new stake in Allstate during the fourth quarter worth about $27,000. Navalign LLC purchased a new stake in Allstate during the fourth quarter worth about $27,000. Evolution Wealth Management Inc. boosted its holdings in Allstate by 7,000.0% during the first quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after buying an additional 140 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Allstate during the first quarter worth about $30,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.