Allstate Corp (NYSE: ALL) is 11.72% higher on its value in year-to-date trading and has touched a low of $100.57 and a high of $168.05 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALL stock was last observed hovering at around $155.15 in the last trading session, with the day’s gains setting it 1.23%.
Currently trading at $156.38, the stock is -1.89% and 2.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing 0.79% at the moment leaves the stock 24.08% off its SMA200. ALL registered 23.84% gain for a year compared to 6-month gain of 45.05%. The firm has a 50-day simple moving average (SMA 50) of $0.88.
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The stock witnessed a 0.12% loss in the last 1 month and extending the period to 3 months gives it a 13.43%, and is -2.14% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.62% over the week and 1.80% over the month.
Allstate Corp (ALL) has around 53400 employees, a market worth around $41.14B and $57.09B in sales. Fwd P/E is 9.76. Profit margin for the company is -0.55%. Distance from 52-week low is 55.49% and -6.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.23%).
Allstate Corp quarterly earnings per share for the current quarter are estimated at $3.55 with sales reaching $13.03B over the same period.The EPS is expected to grow by 1190.77% this year, but quarterly earnings will post 11.00% year-over-year. Quarterly sales are estimated to grow 10.60% in year-over-year returns.
Allstate Corp (ALL) Top Institutional Holders
1,607 institutions hold shares in Allstate Corp (ALL), with institutional investors hold 80.05% of the company’s shares. The shares outstanding are 262.00M, and float is at 261.49M with Short Float at 0.92%. Institutions hold 79.64% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 28.95 million shares valued at $3.16 billion. The investor’s holdings represent 11.07% of the ALL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 22.29 million shares valued at $2.43 billion to account for 8.52% of the shares outstanding. The other top investors are State Street Corporation which holds 11.46 million shares representing 4.38% and valued at over $1.25 billion, while Price (T.Rowe) Associates Inc holds 2.74% of the shares totaling 7.17 million with a market value of $781.88 million.
Allstate Corp (ALL) Insider Activity
A total of 6 insider transactions have happened at Allstate Corp (ALL) in the last six months, with sales accounting for 1 and purchases happening 5 times. The most recent transaction is an insider sale by Pintozzi John C,the company’sSVP, Controller, and CAO. SEC filings show that Pintozzi John C sold 4,000 shares of the company’s common stock on Feb 27 at a price of $159.47 per share for a total of $0.64 million. Following the sale, the insider now owns 10736.0 shares.
Allstate Corp disclosed in a document filed with the SEC on Feb 16 that Rizzo Mario (PresPersonalProperty-Liability) sold a total of 24,698 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $162.00 per share for $4.0 million. Following the transaction, the insider now directly holds 60200.0 shares of the ALL stock.
Still, SEC filings show that on Feb 16, Merten Jesse E (EVP & Chief Financial Officer) disposed off 19,458 shares at an average price of $162.38 for $3.16 million. The insider now directly holds 16,721 shares of Allstate Corp (ALL).
Allstate Corp (ALL): Who are the competitors?
The company’s main competitors (and peers) include Progressive Corp. (PGR) that is trading 29.94% up over the past 12 months. Travelers Cos. Inc. (TRV) that is 19.48% higher over the same period.
