The Allstate Co. (NYSE:ALL) Announces $0.92 Quarterly Dividend

The Allstate Co. (NYSE:ALL) announced a quarterly dividend on Thursday, November 14th,RTT News reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.92 per share by the insurance provider on Thursday, January 2nd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.88%.

Allstate has raised its dividend payment by an average of 18.1% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Allstate has a dividend payout ratio of 19.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Allstate to earn $19.07 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 19.3%.

Allstate Stock Performance

Shares of Allstate stock opened at $195.85 on Friday. The firm has a market capitalization of $51.86 billion, a P/E ratio of 12.68, a PEG ratio of 1.77 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average price of $189.58 and a 200 day moving average price of $176.40. Allstate has a 52 week low of $130.77 and a 52 week high of $201.00.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, beating the consensus estimate of $2.20 by $1.71. The firm had revenue of $16.63 billion during the quarter, compared to analyst estimates of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. Sell-side analysts expect that Allstate will post 16.02 EPS for the current year.

Wall Street Analysts Forecast Growth

ALL has been the subject of several research analyst reports. StockNews.com lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. UBS Group raised their price target on shares of Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wells Fargo & Company raised their price target on shares of Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. TD Cowen raised their price target on shares of Allstate from $193.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Evercore ISI raised their price target on shares of Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $212.56.

Insider Activity at Allstate

In other Allstate news, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the sale, the chief executive officer now owns 88,552 shares of the company’s stock, valued at $15,880,915.68. The trade was a 50.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John E. Dugenske sold 36,367 shares of Allstate stock in a transaction on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,049 shares of company stock valued at $26,106,112. 1.80% of the stock is owned by company 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.