The Allstate Corporation (NYSE:ALL) finished Friday with a subtraction of -$0.2 to close at $105.14, a downside of -0.19 percent. An average of 1,153,740 shares of common stock have been traded in the last five days. There was a fall of -$1.05 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 1,471,155 shares traded, while the 50-day average volume stands at 1,872,022.
ALL stock has decreased by -6.77% in the last month. The company shares reached their 1-month lowest point of $104.29 on 08/21/23. With the stock rallying to its 52-week high on 01/10/23, shares of the company touched a low of $100.57 and a high of $142.15 in 52 weeks. It has reached a new high 5 times so far this year and lost -22.46% or -$30.46 in price. In spite of this, the price is down -26.04% from the 52-week high.
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Insider Transactions
ALL stock investors should be aware that The Allstate Corporation (ALL) stock had its last reported insider trading activity 23 days ago on Aug 03. In this transaction, the insider spent $174,059. EVP & Chief Financial Officer, Merten Jesse E, disposed of 29,451 shares at a price of $134.18 on Feb 22. The insider now owns more than $3,951,588 worth of shares. Prior to that, President, Enterprise Services Gupta Suren went on to Sale 20,241 shares at $137.00 each on Jan 03. An amount of $2,773,017 was transacted.
Valuation Metrics
The Allstate Corporation (ALL) stock’s beta is 0.58. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.51, the price-to-book (PB) ratio at 2.04, and the price-to-cash flow ratio at 6.28.
Financial Health
Further, the company has a long term debt to equity ratio of 0.59 and a total debt to equity ratio of 0.59 for the quarter ending June 30. Its gross profit as reported stood at -$1.86 billion compared to revenue of $51.41 billion.
Earnings Surprise
For the three-month period that ended June 30, The Allstate Corporation had $7.95 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$1.39 billion in the quarter, while revenues were grew 145.36%. The analyst consensus anticipated The Allstate Corporation’s latest quarter earnings to come in at -$4.18 per share, but it turned out to be -$4.42, a -5.70% surprise. For the quarter, EBITDA amounted to -$1.44 billion. At the end of the quarter ending June 30, The Allstate Corporation’s stock balance sheet showed total debt was $7.95 billion. Shareholders own equity worth $261.57 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 25 August was 39.71%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.00%.
As of today, ALL’s price is $105.30 -0.99% or -$1.05 from its 5-day moving average. ALL is currently trading -6.51% lower than its 20-day SMA and -7.97% lower than its 100-day SMA. However, the stock’s current price level is -5.62% below the SMA50 and -18.38% below the SMA200.
The stochastic %K and %D were 13.35% and 13.22%, respectively, and the average true range (ATR) was 2.52. With the 14-day stochastic at 10.54% and the average true range at 2.61, the RSI (14) stands at 42.46%. The stock has reached -0.79 on the 9-day MACD Oscillator while the 14-day reading was at -1.93.
Analyst Ratings
Morgan Stanley launched coverage on The Allstate Corporation (NYSE: ALL) in its analyst report released on June 20, 2023. The firm assigned the stock an Equal-weight rating. The consensus rating for The Allstate Corporation (ALL) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell ALL, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 11 others rate it as a “buy”.
What is ALL’s price target for the next 12 months?
Analysts predict a range of price targets between $100.00 and $154.00, with a median target of $124.00. Taking a look at these predictions, the average price target given by analysts for The Allstate Corporation (ALL) stock is $126.47.
