The Allstate Co. (NYSE:ALL) Declares $0.92 Quarterly Dividend

The Allstate Co. (NYSE:ALL) declared a quarterly dividend on Thursday, November 14th,RTT News reports. Investors of record on Friday, November 29th will be paid a dividend of 0.92 per share by the insurance provider on Thursday, January 2nd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, November 29th.

Allstate has increased its dividend by an average of 18.1% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Allstate has a payout ratio of 19.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Allstate to earn $19.14 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 19.2%.

Allstate Stock Performance

ALL opened at $208.19 on Thursday. Allstate has a 1-year low of $134.17 and a 1-year high of $209.88. The company has a market cap of $55.13 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.80 and a beta of 0.48. The company’s fifty day moving average price is $192.34 and its two-hundred day moving average price is $178.57. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts expect that Allstate will post 16.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALL. UBS Group raised their target price on Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Raymond James raised their price objective on Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Friday, October 4th. Bank of America upped their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their price target on shares of Allstate from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, StockNews.com downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $217.19.

Insider Buying and Selling at Allstate

In other news, insider John E. Dugenske sold 36,367 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the transaction, the insider now owns 27,364 shares of the company’s stock, valued at $5,236,922.32. This represents a 57.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is owned by corporate insiders.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.