The Street Is Finally Waking Up To Allstate Corp (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. Earlier, Yahoo Finance discussed this stock as it revealed Allstate Announces February 2024 Catastrophe Losses and Implemented Rates.

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Stocks Info

Allstate Corp is listed on the NYSE as a member of the Financial sector and is a part of the Insurance – Property & Casualty industry. The current market capitalization of Allstate Corp is $44.45B. A total of 2.46 million shares were traded on the day, compared to an average of 1.70M shares.

In the most recent transaction, Pintozzi John C sold 4,000 shares of ALL for 159.47 per share on Feb 27 ’24. After the transaction, the SVP, Controller, and CAO now owns 10,736 company shares. In a previous transaction on Feb 16 ’24, Rizzo Mario sold 24,698 shares at 162.00 per share. ALL shares that PresPersonalProperty-Liability owns now total 60,200.

Among the insiders who sold shares, Merten Jesse E disposed of 19,458 shares on Feb 16 ’24 at a per-share price of $162.38. This resulted in the EVP & Chief Financial Officer holding 16,721 shares of ALL after the transaction. In another insider transaction, Pintozzi John C sold 4,662 shares at $137.70 per share on Nov 27 ’23. Company shares held by the SVP, Controller, and CAO now total 13,711.

Dividend

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 3/1/2024 when it declared a $0.92 quarterly dividend that was paid in cash on 4/1/2024. Previously, the company paid the dividend on 1/2/2024 with an ex-dividend date of 11/29/2023. The ALL stock dividend was $0.89 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. In terms of 52-week highs and lows, ALL has a high of $168.05 and a low of $100.57.

As of this writing, ALL has an earnings estimate of $3.62 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $4.67 per share and a lower estimate of $2.85. The company reported an EPS of $0.81 in the last quarter, which was 76.10% higher than expectations of $0.46.

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. 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 $60.19, while its Total Shareholder’s Equity was $25.13B.

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, 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 4.50.

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