Check Out Insider Trades For The Allstate Corporation (ALL) Stock

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The Allstate Corporation (NYSE:ALL) saw an upside of 1.61% to close Tuesday at $127.26 after adding $2.02 on the day. The 5-day average trading volume is 2,645,680 shares of the company’s common stock. It has gained $135.63 in the past week and touched a new high 1 time within the past 5 days. An average of 1,516,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,552,756.

ALL’s 1-month performance is -5.48% or -$9.11 on its low of $122.00 reached on 01/19/23. The company’s shares have touched a 52-week low of $111.85 and high of $144.46, with the stock’s rally to the 52-week high happening on 01/10/23. YTD, ALL has lost -6.15% or -$8.34 and has reached a new high 5 times. However, the current price is down -11.91% from the 52-week high price.


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Insider Transactions

ALL stock investors last saw insider trading activity on Jan 03.Gupta Suren (President, Enterprise Services) most recently sold 20,241 shares at $137.00 per share on Jan 03. This transaction cost the insider $2,773,017. President, Enterprise Services, Gupta Suren, sold 40,000 shares at a price of $135.25 on Dec 21. Then, on Sep 08, EVP & Chief Risk Officer – AIC Prindiville Mark Q sold 5,511 shares at a price of $125.93 per share. This transaction amounted to $694,017.

Valuation Metrics

ALL stock has a beta of 0.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.66 while the price-to-book (PB) in the most recent quarter is 2.18, with the price to cash flow ratio at 9.10.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.51, while the total debt to equity was 0.51. The firm’s gross profit as reported stood at $6.45 billion against revenue of $50.59 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 173.2% to -$694.0 million, while revenue of -$1.04 billion was -50.14% off the previous quarter. Analysts expected ALL to announce -$1.27 per share in earnings in its latest quarter, but it posted -$0.76, representing a 40.20% surprise. EBITDA for the quarter stood at more than -$627.0 million. Shareholders hold equity totaling $265.21 million.

Let’s look briefly at The Allstate Corporation (ALL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 34.41% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.98%.

The stock’s 5-day moving average is $127.04, reflecting a -6.10% or -$8.26 change from its current price. ALL is currently trading -6.03% above its 20-day SMA, +4.02% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.53% and SMA200 by-8.46%.

Stochastic %K and %D was 20.10% and 15.98% and the average true range (ATR) pointed at 3.43. The RSI (14) points at 38.26%, while the 14-day stochastic is at 26.10% with the period’s ATR at 3.26. The stock’s 9-day MACD Oscillator is pointing at -5.62 and -8.66 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for The Allstate Corporation (NYSE: ALL), BMO Capital Markets launched coverage with a Market perform rating. Analysts offering their rating for ALL stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate ALL as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.

What is ALL’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $105.00 and a high of $176.00, with their median price target at $149.00. Looking at these predictions, the average price target given by analysts is for The Allstate Corporation (ALL) stock is $144.88.

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