The stock of The Allstate Corporation (NYSE:ALL) increased by $2.34 on Tuesday to finish at $113.38, up 2.11 percent. The last five days have seen an average of 2,545,740 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$22.22. The average number of shares traded over the last 20 days was 1,662,895, while the average volume over the last 50 days totaled 1,715,470.
ALL stock appreciated 6.77% since last month. On 08/21/23, the company’s shares reached a one-month low of $104.29. The stock touched a high of $142.15 on 01/10/23, after rallying from a low of $100.57 in 52 weeks. The price of ALL stock has declined by -16.39% or -$22.22 this year, reaching a new high 5 times. Still, the stock price is down -20.24% from the 52-week high.
Insider Transactions
ALL stock investors should be aware that The Allstate Corporation (ALL) stock had its last reported insider trading activity 48 days ago on Aug 03. On Aug 03, Director SPRIESER JUDITH A sold 1,565 shares at $111.22 each. This transaction resulted in the insider making $174,059. On Feb 22, Merten Jesse E sold 29,451 shares at a price of US$134.18. After the transaction, the insider now owns 16,668 shares. President, Enterprise Services Gupta Suren had earlier sold 20,241 shares on Jan 03 for $137.00 a share. The transaction was completed for $2,773,017.
Valuation Metrics
Beta for the stock is 0.57. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 2.20, and the price-to-cash flow ratio of 6.77.
Company paid $0.89 per share in dividends, remained unchanged from $0.89 last year. A $0.04 dividend increase was reported on Friday February 17 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.59, and the total debt to equity ratio is 0.59. The Allstate Corporation’s operating margin stood at -6.40% for the same period. Based on annual data, it had gross profit of -$1.86 billion and revenue of $51.41 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ALL’s return on assets (ROA) during the last 12 months has been -2.80%. There was a -5.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -18.20%.
Earnings Surprise
According to The Allstate Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $13.98 billion, while revenues rose by 11.75% to $13.79 billion. It was predicted that The Allstate Corporation’s quarterly earnings would be -$4.42, but it ended up being -$4.18, beating the consensus by -5.70%. EBITDA was -$1.44 billion for the quarter. At the end of The Allstate Corporation’s most recent quarter ended June 29, its total debt was $7.95 billion. Equity owned by shareholders amounts to $261.57 million.
Technical Picture
Here’s a quick look at The Allstate Corporation’s (ALL) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 66.42%, suggesting the stock is Neutral, with a 21.86% historical volatility rate.
The stochastic %K and %D were 82.51% and 80.44% respectively, while the average true range (ATR) was 2.50. Based on the 14-day stochastic reading of 87.95%, the RSI (14) reading is 61.16%. On the 9-day MACD Oscillator, the stock is at 1.75, and the 14-day reading is at 2.02.
Analyst Ratings
In its analyst report released on June 20, 2023, Morgan Stanley began covering The Allstate Corporation (NYSE: ALL). The stock was rated as an Equal-weight by the brokerage firm. Analysts have assigned The Allstate Corporation (ALL) an Overweight rating. ALL is a stock that is recommended for selling by 2 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 11 others recommend it as a buy.
What is ALL’s price target for the next 12 months?
The current consensus forecast for the stock is between $100.00 and $154.00, with a median target price of $124.00. In analyzing these forecasts, the average price target given by analysts for The Allstate Corporation (ALL) is $127.14.
