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Saturday, December 9, 2023

Today, Allstate Corp (NYSE: ALL) Takes Center Stage

After Hours

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. After-hours trades for Allstate Corp (ALL) shows that investor sentiment remained same, with the stock’s consolidated last price to $128.99. The Allstate Corp has recorded 46,786 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Allstate Reinforces Customer Protection With Redesigned Mobile App.

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Stocks Info

Allstate Corp is listed on the NYSE in the Financial sector while operating in the Insurance – Property & Casualty industry. At the end of the last regular session, the stock closed at $128.99 and fluctuated between $129.85 as its day high and $128.62 as its day low. The current market capitalization of Allstate Corp is $33.76B. A total of 1.12 million shares were traded on the day, compared to an average of 1.70M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ALL has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 907 and the disposition of 0 shares. Over the last 12 months, there were 40 BUYs and 25 SELLs from insiders. Insiders purchased 292,669 shares during that period but sold 229,436.

In the most recent transaction, SPRIESER JUDITH A sold 1,565 shares of ALL for 111.22 per share on Aug 03. After the transaction, the Director now owns 0 company shares. In a previous transaction on Feb 22, Merten Jesse E sold 29,451 shares at 134.18 per share. ALL shares that EVP & Chief Financial Officer owns now total 16,668.

Among the insiders who sold shares, Gupta Suren disposed of 20,241 shares on Jan 03 at a per-share price of $137.00. This resulted in the President, Enterprise Services holding 82,270 shares of ALL after the transaction. In another insider transaction, Gupta Suren sold 40,000 shares at $135.25 per share on Dec 21. Company shares held by the President, Enterprise Services now total 82,270.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. ALL’s most recent ex-dividend date was 8/30/2023 when it declared a $0.89 quarterly dividend that was paid in cash on 10/2/2023. Previously, the company paid the dividend on 7/3/2023 with an ex-dividend date of 6/1/2023. The ALL stock dividend was $0.89 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ALL in the last 3 months, the mean price target is $134.85 with high estimates of $160.00 and low estimates of $90.00. In terms of 52-week highs and lows, ALL has a high of $142.15 and a low of $100.57.

As of this writing, ALL has an earnings estimate of $American Airlines Group, Inc. per share for the current quarter. EPS was calculated based on a consensus of Walgreens Boots Alliance, Inc. estimates, with a high estimate of $ALL/BRX per share and a lower estimate of $Albemarle Corporation.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on 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 $48.06, while its Total Shareholder’s Equity was $25.13B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.94.

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