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Tuesday, March 21, 2023

Investors’ Patience Is Being Tested Right Now By The Allstate Corporation (NYSE: ALL)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for The Allstate Corporation (ALL) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $128.00. The The Allstate Corporation has recorded 54,734 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Allstate Announces Estimated Fourth Quarter 2022 Results.

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Stocks Info

The Allstate Corporation is listed on the NYSE as a member of the Financial sector and is a part of the Insurance – Property & Casualty industry. At the end of the last regular session, the stock closed at $128.00 and fluctuated between $128.65 as its day high and $127.43 as its day low. The current market capitalization of The Allstate Corporation is $34.15B. A total of 1.15 million shares were traded on the day, compared to an average of 1.59M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ALL has seen 4 BUY and 4 SELL insider trades, representing the acquisition of 60,526 and the disposition of 97,556 shares. Over the last 12 months, there were 39 BUYs and 37 SELLs from insiders. Insiders purchased 926,212 shares during that period but sold 804,489.

In the most recent transaction, Gupta Suren sold 20,241 shares of ALL for 137.00 per share on Jan 03. After the transaction, the President, Enterprise Services now owns 82,270 company shares. In a previous transaction on Dec 21, Gupta Suren sold 40,000 shares at 135.25 per share. ALL shares that President, Enterprise Services owns now total 82,270.

Among the insiders who sold shares, Prindiville Mark Q disposed of 5,511 shares on Sep 08 at a per-share price of $125.93. This resulted in the EVP & Chief Risk Officer – AIC holding 15,552 shares of ALL after the transaction. In another insider transaction, WILSON THOMAS J sold 99,828 shares at $132.61 per share on Jun 03. Company shares held by the Chairman, President & CEO now total 0.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. ALL’s most recent ex-dividend date was 11/29/2022 when it declared a $0.85 quarterly dividend that was paid in cash on 1/3/2023. Previously, the company paid the dividend on 10/3/2022 with an ex-dividend date of 8/30/2022. The ALL stock dividend was $0.85 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ALL in the last 3 months, the mean price target is $144.88 with high estimates of $176.00 and low estimates of $105.00. In terms of 52-week highs and lows, ALL has a high of $144.46 and a low of $111.85.

As of this writing, ALL has an earnings estimate of -$1.52 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of -$0.22 per share and a lower estimate of -$1.67. The company reported an EPS of $2.58 in the last quarter, which was -11.00% lower than expectations of $2.9.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALL is Sell with a score of 4.07. A total of 10 analysts rated the stock as Buy while 0 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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