Where Does The Allstate Corporation (ALL) Rank When It Comes To Price-To-Earnings Ratio?

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The Allstate Corporation (NYSE:ALL) finished Wednesday with a subtraction of -$2.23 to close at $127.85, a downside of -1.71 percent. An average of 2,516,340 shares of common stock have been traded in the last five days. There was a gain of $3.85 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,709,855 shares traded, while the 50-day average volume stands at 1,788,592.

ALL stock has increased by 1.83% in the last month. The company shares reached their 1-month lowest point of $119.89 on 09/01/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $106.11 and a high of $144.46 in 52 weeks. It has reached a new high 19 times so far this year and achieved 8.67% or $10.20 in price. In spite of this, the price is down -11.50% from the 52-week high.


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Insider Transactions

14 days have passed since The Allstate Corporation (ALL) last reported insider trading activity. Prindiville Mark Q, who is EVP & Chief Risk Officer – AIC, most recently acquired $5,511 shares at $125.93 per share on Sep 08. In this transaction, the insider spent $694,017. Chairman, President & CEO, WILSON THOMAS J, disposed of 99,828 shares at a price of $132.61 on Jun 03. The insider now owns more than $13,238,280 worth of shares. Prior to that, Chairman, President & CEO WILSON THOMAS J went on to Sale 142,000 shares at $133.39 each on Jun 02. An amount of $18,940,873 was transacted.

Valuation Metrics

The Allstate Corporation (ALL) has a trailing price-to-earnings (P/E) ratio of 45.91. The stock’s beta is 0.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.69, the price-to-book (PB) ratio at 1.93, and the price-to-cash flow ratio at 11.53.

The company has a payout ratio of 113.00%. The company’s most recent quarterly dividend payment was $0.85 a share, without any change from last year. Its latest increase dividend $0.04 reported on Friday February 18 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.44 and a total debt to equity ratio of 0.44 for the quarter ending June 29. Its gross profit as reported stood at $6.45 billion compared to revenue of $50.59 billion.

Earnings Surprise

For the three-month period that ended June 29, The Allstate Corporation had $7.97 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$1.04 billion in the quarter, while revenues were grew 253.07%. The analyst consensus anticipated The Allstate Corporation’s latest quarter earnings to come in at -$1.27 per share, but it turned out to be -$0.76, a 40.20% surprise. For the quarter, EBITDA amounted to -$1.01 billion. At the end of the quarter ending June 29, The Allstate Corporation’s stock balance sheet showed total debt was $8.01 billion. Shareholders own equity worth $270.3 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Allstate Corporation (ALL) price momentum. RSI 9-day as of the close on 21 September was 53.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.63%.

As of today, ALL’s price is $129.69 +3.10% or $3.85 from its 5-day moving average. ALL is currently trading +1.87% higher than its 20-day SMA and -1.91% lower than its 100-day SMA. However, the stock’s current price level is -0.14% below the SMA50 and +18.03% above the SMA200.

The stochastic %K and %D were 82.29% and 89.57%, respectively, and the average true range (ATR) was 3.24. With the 14-day stochastic at 64.77% and the average true range at 3.12, the RSI (14) stands at 53.75%. The stock has reached 2.39 on the 9-day MACD Oscillator while the 14-day reading was at 3.94.

Analyst Ratings

Citigroup launched coverage on The Allstate Corporation (NYSE: ALL) in its analyst report released on May 24, 2022. The firm assigned the stock a Buy rating.

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