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. Recently, Yahoo Finance discussed the stock, revealing that Allstate Announces Fourth Quarter 2023 Catastrophe Losses, Prior Year Reserve Reestimates, and December and Fourth Quarter 2023 Implemented Rates.
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Stocks Info
The company is listed on the NYSE and operates within the Insurance – Property & Casualty industry segment. At the end of the last regular session, the stock closed at $155.39 and fluctuated between $156.32 as its day high and $155.17 as its day low. The current market capitalization of Allstate Corp is $40.66B. A total of 0.93 million shares were traded on the day, compared to an average of 1.59M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ALL has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 6,128 and the disposition of 1,497 shares. Over the last 12 months, there were 36 BUYs and 22 SELLs from insiders. Insiders purchased 237,811 shares during that period but sold 133,377.
In the most recent transaction, Pintozzi John C sold 4,662 shares of ALL for 137.70 per share on Nov 27. After the transaction, the SVP, Controller, and CAO now owns 13,711 company shares. In a previous transaction on Nov 21, Prindiville Mark Q sold 10,951 shares at 135.43 per share. ALL shares that EVP & Chief Risk Officer – AIC owns now total 18,677.
Among the insiders who sold shares, Pintozzi John C disposed of 4,000 shares on Nov 20 at a per-share price of $134.79. This resulted in the SVP, Controller, and CAO holding 13,711 shares of ALL after the transaction. In another insider transaction, SPRIESER JUDITH A sold 1,565 shares at $111.22 per share on Aug 03. Company shares held by the Director now total 0.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. ALL’s most recent ex-dividend date was 11/29/2023 when it declared a $0.89 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 8/30/2023. The ALL stock dividend was $0.89 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ALL in the last 3 months, the mean price target is $160.79 with high estimates of $193.00 and low estimates of $105.00. In terms of 52-week highs and lows, ALL has a high of $156.52 and a low of $100.57.
As of this writing, ALL has an earnings estimate of $3.84 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $4.72 per share and a lower estimate of $2.31. The company reported an EPS of -$4.42 in the last quarter, which was -5.70% lower than expectations of -$4.18.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 4.42.
