At the time of writing, Allstate Corp [ALL] stock is trading at $170.81, up 1.09%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALL shares have gain 5.20% over the last week, with a monthly amount glided 6.89%, and seem to be holding up well over a long-time horizon.
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On 21, March 2024, Allstate Announces February 2024 Catastrophe Losses and Implemented Rates. In a post published today on Yahoo Finance, The Allstate Corporation (NYSE: ALL) today announced that estimated catastrophe losses were below the $150 million reporting threshold for February 2024.
From an analyst’s perspective:
Allstate Corp [NYSE: ALL] stock has seen the most recent analyst activity on January 10, 2024, when TD Cowen initiated its Outperform rating and assigned the stock a price target of $193. Previously, Jefferies upgraded its rating to Buy on January 09, 2024, and elevated its price target to $180. On January 04, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $171 on the stock. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $145 on December 28, 2023. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $117 as its price target on June 20, 2023. William Blair upgraded its rating to Outperform for this stock on April 03, 2023. In a note dated January 20, 2023, BMO Capital Markets initiated an Market Perform rating and provided a target price of $130 on this stock.
For the past year, the stock price of Allstate Corp fluctuated between $100.57 and $169.66. Currently, Wall Street analysts expect the stock to reach $143.45 within the next 12 months. Allstate Corp [NYSE: ALL] shares were valued at $170.81 at the most recent close of the market. An investor can expect a potential drop of -16.02% based on the average ALL price forecast.
Analyzing the ALL fundamentals
According to Allstate Corp [NYSE:ALL], the company’s sales were 57.09B for trailing twelve months, which represents an 8.68% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 169.42 points at the first support level, and at 168.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 171.90, and for the 2nd resistance point, it is at 173.00.
Allstate Corp [ALL] reported earnings per share of $5.82 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.99/share, meaning a difference of $1.83 and a surprise factor of 45.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.81 per share as compared to estimates of $0.46 per share, a difference of $0.35 representing a surprise of 76.10%.
Ratios To Look Out For
It is important to note that Allstate Corp [NYSE:ALL] has a current ratio of 0.47. Considering the valuation of this stock, the price to sales ratio is 0.79, the price to book ratio is 2.84.
Transactions by insiders
Recent insider trading involved Pintozzi John C, SVP, Controller, and CAO, that happened on Feb 27 ’24 when 4000.0 shares were sold. PresPersonalProperty-Liability, Rizzo Mario completed a deal on Feb 16 ’24 to sell 24698.0 shares. Meanwhile, EVP & Chief Financial Officer Merten Jesse E sold 19458.0 shares on Feb 16 ’24.
