A share price of Allstate Corp [ALL] is currently trading at $173.01, up 1.87%. 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 6.68% over the last week, with a monthly amount glided 7.73%, 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 March 28, 2024, when HSBC Securities upgraded its rating to a Buy and also boosted its price target to $190 from $158. Previously, TD Cowen started tracking the stock with Outperform rating on January 10, 2024, and set its price target to $193. On January 09, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $180 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $171 on January 04, 2024. HSBC Securities initiated its recommendation with a Hold and recommended $145 as its price target on December 28, 2023. Morgan Stanley started tracking with a Equal-Weight rating for this stock on June 20, 2023, and assigned it a price target of $117. In a note dated April 03, 2023, William Blair upgraded an Outperform rating on this stock.
Allstate Corp experienced fluctuations in its stock price throughout the past year between $100.57 and $171.61. Currently, Wall Street analysts expect the stock to reach $147.33 within the next 12 months. Allstate Corp [NYSE: ALL] shares were valued at $173.01 at the most recent close of the market. An investor can expect a potential drop of -14.84% based on the average ALL price forecast.
Analyzing the ALL fundamentals
Trailing Twelve Months sales for Allstate Corp [NYSE:ALL] were 57.09B which represents 8.68% growth. 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 171.58 points at the first support level, and at 170.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 173.95, and for the 2nd resistance point, it is at 174.90.
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
To put it in perspective, the Current Ratio for Allstate Corp [NYSE:ALL] is 0.47. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 2.87.
Transactions by insiders
Recent insider trading involved Dugenske John E, Pres, Invest. & Corp. Strategy, that happened on Mar 26 ’24 when 31000.0 shares were sold. SVP, Controller, and CAO, Pintozzi John C completed a deal on Feb 27 ’24 to sell 4000.0 shares. Meanwhile, PresPersonalProperty-Liability Rizzo Mario sold 24698.0 shares on Feb 16 ’24.
