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Saturday, June 3, 2023

An Evaluation Of The Allstate Corporation (NYSE: ALL) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for The Allstate Corporation (ALL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.24, or 0.21%, to $116.00. The The Allstate Corporation has recorded 319,638 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Allstate Announces March and First Quarter 2023 Catastrophe Losses, Implemented Auto Rates and Prior Year Reserve Reestimates.

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Stocks Info

ALL belongs to the Financial sector of the NYSE while operating in the Insurance – Property & Casualty industry. At the end of the last regular session, the stock closed at $115.76 and fluctuated between $116.67 as its day high and $115.36 as its day low. The current market capitalization of The Allstate Corporation is $30.33B. A total of 2.23 million shares were traded on the day, compared to an average of 1.94M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ALL has seen 19 BUY and 19 SELL insider trades, representing the acquisition of 219,681 and the disposition of 129,872 shares. Over the last 12 months, there were 39 BUYs and 33 SELLs from insiders. Insiders purchased 762,258 shares during that period but sold 704,449.

In the most recent transaction, Merten Jesse E sold 29,451 shares of ALL for 134.18 per share on Feb 22. After the transaction, the EVP & Chief Financial Officer now owns 16,668 company shares. In a previous transaction on Jan 03, Gupta Suren sold 20,241 shares at 137.00 per share. ALL shares that President, Enterprise Services owns now total 82,270.

Among the insiders who sold shares, Gupta Suren disposed of 40,000 shares on Dec 21 at a per-share price of $135.25. This resulted in the President, Enterprise Services holding 82,270 shares of ALL after the transaction. In another insider transaction, Prindiville Mark Q sold 5,511 shares at $125.93 per share on Sep 08. Company shares held by the EVP & Chief Risk Officer – AIC now total 15,552.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. ALL’s most recent ex-dividend date was 2/27/2023 when it declared a $0.89 quarterly dividend that was paid in cash on 4/3/2023. Previously, the company paid the dividend on 1/3/2023 with an ex-dividend date of 11/29/2022. The ALL stock dividend was $0.85 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for ALL in the last 3 months, the mean price target is $139.44 with high estimates of $176.00 and low estimates of $100.00. In terms of 52-week highs and lows, ALL has a high of $142.15 and a low of $103.20.

As of this writing, ALL has an earnings estimate of -$1.42 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of -$0.68 per share and a lower estimate of -$2.61. The company reported an EPS of -$1.56 in the last quarter, which was -2.60% lower than expectations of -$1.52.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ALL’s latest balance sheet shows that the firm has $4.77B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $58.66, while its Total Shareholder’s Equity was $25.13B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 22 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 3.94. A total of 12 analysts rated the stock as Buy while 0 rated it as Overweight while 8 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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