Allstate Corp (NYSE: ALL) is 36.13% higher on its value in year-to-date trading and has touched a low of $127.93 and a high of $198.79 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 $188.79 in the last trading session, with the day’s gains setting it 1.76%.
Currently trading at $190.55, the stock is 0.31% and 0.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 0.93% at the moment leaves the stock 10.85% off its SMA200. ALL registered 46.96% gain for a year compared to 6-month gain of 11.13%. The firm has a 50-day simple moving average (SMA 50) of $188.8486 and a 200-day simple moving average (SMA200) of $171.7258.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 3.05% loss in the last 1 month and extending the period to 3 months gives it a 11.41%, and is 2.16% up 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 2.58% over the week and 2.17% over the month.
Allstate Corp (ALL) has around 53400 employees, a market worth around $50.46B and $62.43B in sales. Current P/E ratio is 12.30 and Fwd P/E is 10.16. Profit margin for the company is 6.58%. Distance from 52-week low is 48.95% and -4.15% from its 52-week high. The company has generated returns on investments over the last 12 months (14.50%).
Allstate Corp quarterly earnings per share for the current quarter are estimated at 5.3 with sales reaching $13.92B over the same period.The EPS is expected to grow by 1543.95% this year, but quarterly earnings will post 10.10% year-over-year. Quarterly sales are estimated to grow 10.20% in year-over-year returns.
1793.0 institutions hold shares in Allstate Corp (ALL), with institutional investors hold 80.08% of the company’s shares. The shares outstanding are 264.80M, and float is at 263.30M with Short Float at 0.84%. Institutions hold 79.62% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 32.08 million shares valued at $5.12 billion. The investor’s holdings represent 12.1735 of the ALL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 19.83 million shares valued at $3.17 billion to account for 7.5266 of the shares outstanding. The other top investors are STATE STREET CORP which holds 11.37 million shares representing 4.3148 and valued at over $1.83 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 3.53 of the shares totaling 9.3 million with a market value of $1.49 billion.
Allstate Corp (ALL) Insider Activity
The most recent transaction is an insider sale by Dugenske John E, the company’s Pres, Invest. & Corp. Strategy. SEC filings show that Dugenske John E sold 36,367 shares of the company’s common stock on Sep 20 ’24 at a price of $191.38 per share for a total of $6.96 million. Following the sale, the insider now owns 27364.0 shares.
Still, SEC filings show that on Sep 16 ’24, Toohey Robert (Former Officer) Proposed Sale 4,873 shares at an average price of $189.60 for $0.92 million. The insider now directly holds shares of Allstate Corp (ALL).
