The Allstate Co. (NYSE:ALL – Free Report) – Roth Capital reduced their Q2 2024 earnings per share (EPS) estimates for shares of Allstate in a research note issued on Thursday, June 20th. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings of ($0.64) per share for the quarter, down from their previous estimate of $1.93. The consensus estimate for Allstate’s current full-year earnings is $14.99 per share. Roth Capital also issued estimates for Allstate’s FY2024 earnings at $12.68 EPS.
Allstate (NYSE:ALL – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, beating the consensus estimate of $4.11 by $1.02. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The business had revenue of $15.26 billion for the quarter, compared to analyst estimates of $12.76 billion. During the same period in the prior year, the business posted ($1.30) earnings per share. Allstate’s revenue was up 10.7% compared to the same quarter last year.
View Our Latest Analysis on ALL
Allstate Stock Performance
ALL stock opened at $162.41 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.48. Allstate has a twelve month low of $100.57 and a twelve month high of $177.37. The business’s fifty day moving average is $166.46 and its 200-day moving average is $159.70. The company has a market cap of $42.86 billion, a P/E ratio of 35.85, a price-to-earnings-growth ratio of 1.55 and a beta of 0.50.
Institutional Trading of Allstate
A number of large investors have recently added to or reduced their stakes in ALL. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Allstate in the 1st quarter valued at about $25,000. Private Wealth Management Group LLC bought a new stake in Allstate in the 4th quarter valued at $25,000. Rise Advisors LLC acquired a new stake in Allstate during the 1st quarter valued at $26,000. Northwest Investment Counselors LLC bought a new position in Allstate during the first quarter worth $26,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Allstate in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 76.47% of the company’s stock.
Allstate Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, May 31st will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $3.68 dividend on an annualized basis and a yield of 2.27%. Allstate’s payout ratio is 81.24%.
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.
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