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NYSE:ALL

Allstate (ALL) Stock Price, News & Analysis

$190.99
+0.73 (+0.38%)
(As of 09/18/2024 ET)

About Allstate Stock (NYSE:ALL)

Key Stats

Today's Range
$189.43
$191.56
50-Day Range
$162.04
$190.99
52-Week Range
$109.01
$191.56
Volume
1.24 million shs
Average Volume
1.56 million shs
Market Capitalization
$50.41 billion
P/E Ratio
42.16
Dividend Yield
1.93%
Price Target
$192.76
Consensus Rating
Moderate Buy

Company Overview

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. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products through agents, contact centers, and online. The Protection Services segment provides consumer product protection; protection and insurance products, including vehicle service contracts, guaranteed asset protection, road hazard tire and wheel, and paintless dent repair protection; and roadside assistance, device and mobile data collection services, and analytic solutions using automotive telematics information, as well as identity theft protection and remediation services. This segment also offers its products under various brands, including Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside, Arity, Avail, and Allstate Identity Protection. The Allstate Health and Benefits segment provides life, accident, critical illness, short-term disability, and other health insurance products; stop-loss and fully insured group health products to employers; and short-term medical and medicare supplement insurance to individuals. The Run-off Property-Liability segment offers property and casualty insurance coverage that primarily relates to policies written during the 1960s through the mid-1980s. The Corporate and Other segment provides debt services, as well as non-insurance operations. It sells its products through agents, independent agents, call and contact centers, retailers, direct to consumer, wholesale partners, and affinity groups, as well as through online and mobile applications. The Allstate Corporation was founded in 1931 and is headquartered in Northbrook, Illinois.

Allstate Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 97th Percentile

Allstate scored higher than 97% of companies evaluated by MarketBeat, and ranked 50th out of 956 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Allstate has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 13 buy ratings, 2 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Allstate has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Allstate's stock forecast and price target.
  • Earnings Growth

    Earnings for Allstate are expected to grow by 18.27% in the coming year, from $15.16 to $17.93 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Allstate is 42.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.39.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Allstate is 42.16, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 47.81.

  • Price to Earnings Growth Ratio

    Allstate has a PEG Ratio of 1.74. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Allstate has a P/B Ratio of 3.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Allstate's valuation and earnings.
  • Percentage of Shares Shorted

    0.79% of the float of Allstate has been sold short.
  • Short Interest Ratio / Days to Cover

    Allstate has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Allstate has recently decreased by 2.35%, indicating that investor sentiment is improving.
  • Dividend Yield

    Allstate pays a meaningful dividend of 1.98%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Allstate has been increasing its dividend for 14 years.

  • Dividend Coverage

    The dividend payout ratio of Allstate is 81.24%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Allstate will have a dividend payout ratio of 20.52% next year. This indicates that Allstate will be able to sustain or increase its dividend.

  • Read more about Allstate's dividend.
  • Percentage of Shares Shorted

    0.79% of the float of Allstate has been sold short.
  • Short Interest Ratio / Days to Cover

    Allstate has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Allstate has recently decreased by 2.35%, indicating that investor sentiment is improving.
  • News Sentiment

    Allstate has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Allstate this week, compared to 15 articles on an average week.
  • Search Interest

    Only 7 people have searched for ALL on MarketBeat in the last 30 days. This is a decrease of -63% compared to the previous 30 days.
  • MarketBeat Follows

    Only 10 people have added Allstate to their MarketBeat watchlist in the last 30 days. This is a decrease of -9% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Allstate insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $36,122,740.00 in company stock.

  • Percentage Held by Insiders

    Only 1.80% of the stock of Allstate is held by insiders.

  • Percentage Held by Institutions

    76.47% of the stock of Allstate is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Allstate's insider trading history.

ALL Stock News Headlines

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ALL Stock Analysis - Frequently Asked Questions

Allstate's stock was trading at $139.98 at the start of the year. Since then, ALL shares have increased by 36.4% and is now trading at $190.99.
View the best growth stocks for 2024 here
.

The Allstate Co. (NYSE:ALL) announced its quarterly earnings data on Wednesday, July, 31st. The insurance provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $0.33 by $1.28. The business's revenue for the quarter was up 12.4% on a year-over-year basis.
Read the conference call transcript
.

Allstate subsidiaries include AIMCO Private Fund I Holding LLC, AIMCO Private Fund II LLC, AIMCO Private Fund I LLC, ALIC Reinsurance Company, ALINV Mosaic LLC, Allstate Assignment Company, Allstate Assurance Company, and more.

Top institutional investors of Allstate include Bank of New York Mellon Corp (1.85%), Diamond Hill Capital Management Inc. (1.42%), Barrow Hanley Mewhinney & Strauss LLC (1.10%) and American Century Companies Inc. (1.04%). Insiders that own company stock include Suren Gupta, Thomas J Wilson, John E Dugenske, Elizabeth Brady, Mark Q Prindiville, Jesse E Merten, John C Pintozzi, Robert Toohey, Judith A Sprieser and Mario Rizzo.
View institutional ownership trends
.

Shares of ALL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Allstate investors own include Chipotle Mexican Grill (CMG), Cisco Systems (CSCO), Endologix (ELGX), Intel (INTC), Micron Technology (MU) and AT&T (T).

Company Calendar

Ex-Dividend for 7/1 Dividend
5/31/2024
Dividend Payable
7/01/2024
Last Earnings
7/31/2024
Ex-Dividend for 10/1 Dividend
8/30/2024
Today
9/18/2024
Dividend Payable
10/01/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
02000210
Employees
53,400
Year Founded
1931

Price Target and Rating

Average Stock Price Target
$192.76
High Stock Price Target
$226.00
Low Stock Price Target
$156.00
Potential Upside/Downside
+0.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$-188,000,000.00
Pretax Margin
6.14%

Debt

Sales & Book Value

Annual Sales
$60.30 billion
Cash Flow
$4.29 per share
Book Value
$59.72 per share

Miscellaneous

Free Float
259,165,000
Market Cap
$50.41 billion
Optionable
Optionable
Beta
0.48

Social Links

Should I Buy Allstate Stock? ALL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 11, 2024. Please send any questions or comments about these Allstate pros and cons to contact@marketbeat.com.

Allstate
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in The Allstate Co.:

  • The Allstate Co.'s stock price has been steadily increasing, reaching $187.06 on the latest trading day, showing positive momentum.
  • The company has a strong dividend yield of 2.06%, providing investors with a steady income stream.
  • Analysts have consistently rated The Allstate Co. as a buy or outperform, indicating positive sentiment towards the company's future performance.
  • The Allstate Co. has a solid market capitalization of $49.37 billion, reflecting its stability and size in the industry.
  • Institutional investors and hedge funds have been actively acquiring stakes in The Allstate Co., signaling confidence in its growth potential.

Allstate
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in The Allstate Co. for these reasons:

  • Despite positive analyst ratings, there is always a level of risk associated with investing in any company, including The Allstate Co.
  • The insurance industry can be sensitive to economic downturns and regulatory changes, impacting the company's profitability.
  • Fluctuations in interest rates can affect insurance companies like The Allstate Co., potentially impacting their investment income.
  • Competitive pressures within the insurance sector could lead to pricing pressures and reduced margins for The Allstate Co.
  • Changes in consumer behavior or preferences towards insurance products could impact The Allstate Co.'s market share and revenue growth.

This page (NYSE:ALL) was last updated on 9/18/2024 by MarketBeat.com Staff
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