As of Wednesday close, The Allstate Corporation’s (NYSE:ALL) stock was up $2.7, moving up 2.53 percent to $109.26. The average number of shares traded per day over the past five days has been 1,276,700 shares. 2 times new highs have been achieved over the past 5 days, with a $3.64 gain in that time frame. In the last twenty days, the average volume was 1,414,535, while in the previous 50 days, it was 1,744,604.
Since last month, ALL stock retreated -3.34%. Shares of the company fell to $104.29 on 08/21/23, the lowest level in the past month. A 52-week high of $142.15 was reached on 01/10/23 after having rallying from a 52-week low of $100.57. Since the beginning of this year, ALL’s stock price has dropped by -19.42% or -$26.34, and marked a new high 5 times. However, the stock has declined by -23.14% since its 52-week high.
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ALL stock investors should be aware that The Allstate Corporation (ALL) stock had its last reported insider trading activity 28 days ago on Aug 03. SPRIESER JUDITH A, the Director of the company, disposed of 1,565 shares for $111.22 on Aug 03. It resulted in a $174,059 divestment by the insider. Merten Jesse E sold 29,451 shares at an average price of $134.18 on Feb 22. The insider now owns 16,668 shares following the transaction. On Jan 03, President, Enterprise Services Gupta Suren sold 20,241 shares at $137.00 apiece. The transaction was valued at $2,773,017.
Valuation Metrics
The stock’s beta is 0.57. Besides these, the trailing price-to-sales (P/S) ratio of 0.52, the price-to-book (PB) ratio of 2.12, and the price-to-cash flow ratio of 6.43 may also be considered.
The latest dividend of $0.89 per share was paid out, remained unchanged from last year’s $0.89.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.59, and the total debt-to-equity ratio was 0.59. In the year ended June 29, operating margins totaled -6.40%. Based on annual data, ALL earned -$1.86 billion in gross profit and brought in $51.41 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -5.80%. Return on equity (ROE) for the past 12 months was -18.20%.
In The Allstate Corporation’s quarter-end financial report for June 29, it reported total debt of $7.95 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ALL’s revenue rose 11.75% to $13.79 billion during the quarter, while net income inched up to $13.98 billion. While analysts expected The Allstate Corporation to report -$4.18 quarterly earnings, the actual figure was -$4.42 per share, beating the consensus estimate by -5.70%. During the quarter, the company generated -$1.44 billion in EBITDA. The value of shareholders’ equity is $261.57 million.
Technical Picture
This quick technical analysis looks at The Allstate Corporation’s (ALL) price momentum. With a historical volatility rate of 17.50%, the RSI 9-day stood at 59.56% on 30 August.
With respect to its five-day moving average, the current The Allstate Corporation price is up by +3.45% percent or $3.64. At present, ALL shares trade +2.58% above its 20-day simple moving average and -5.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.60% above its SMA50 and -16.08% below its SMA200.
Stochastic coefficient K was 36.96% and Stochastic coefficient D was 22.35%, while ATR was 2.53. Given the Stochastic reading of 68.74% for the 14-day period, the RSI (14) reading has been calculated as 54.06%. As of today, the MACD Oscillator reading stands at 1.09, while the 14-day reading stands at 0.47.
Analyst Ratings
Morgan Stanley launched its rating on The Allstate Corporation (NYSE: ALL) to an Equal-weight in a note to investors on June 20, 2023. The Allstate Corporation (ALL) has been rated Overweight by analysts. According to 2 brokerage firms, ALL is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate The Allstate Corporation stock as buy, with 11 recommending it as overweight.
With a median target price of $124.00, the current consensus forecast for the stock is $100.00 – $154.00. Based on these forecasts, analysts predict The Allstate Corporation (ALL) will achieve an average price target of $126.47.
