The stock of Allstate Corp (NYSE: ALL) has decreased by -1.11 when compared to last closing price of 170.08. Despite this, the company has experienced a -1.10% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Allstate (ALL) have what it takes?
Is It Worth Investing in Allstate Corp (NYSE: ALL) Right Now?
Allstate Corp (NYSE: ALL) has a higher price-to-earnings ratio of 36.69x compared to its average ratio. ALL has 36-month beta value of 0.51. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 7 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for ALL is 262.22M, and currently, short sellers hold a 0.79% ratio of that float. The average trading volume of ALL on May 08, 2024 was 1.75M shares.
ALL’s Market Performance
The stock of Allstate Corp (ALL) has seen a -1.10% decrease in the past week, with a -2.42% drop in the past month, and a 6.89% gain in the past quarter. The volatility ratio for the week is 2.57%, and the volatility levels for the past 30 days are at 2.07% for ALL. The simple moving average for the past 20 days is -0.76% for ALL’s stock, with a 21.21% simple moving average for the past 200 days.
Analysts’ Opinion of ALL
Many brokerage firms have already submitted their reports for ALL stocks, with HSBC Securities repeating the rating for ALL by listing it as a “Buy.” The predicted price for ALL in the upcoming period, according to HSBC Securities is $190 based on the research report published on March 28, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ALL reach a price target of $193. The rating they have provided for ALL stocks is “Outperform” according to the report published on January 10th, 2024.
Jefferies gave a rating of “Buy” to ALL, setting the target price at $180 in the report published on January 09th of the current year.
ALL Trading at 1.31% from the 50-Day Moving Average
After a stumble in the market that brought ALL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.18% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 2.57%, as shares sank -0.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.25% upper at present.
During the last 5 trading sessions, ALL fell by -1.10%, which changed the moving average for the period of 200-days by +51.77% in comparison to the 20-day moving average, which settled at $169.47. In addition, Allstate Corp saw 20.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALL starting from Dugenske John E, who sale 31,000 shares at the price of $170.20 back on Mar 26 ’24. After this action, Dugenske John E now owns 63,731 shares of Allstate Corp, valued at $5,276,203 using the latest closing price.
Pintozzi John C, the SVP, Controller, and CAO of Allstate Corp, sale 4,000 shares at $159.47 during a trade that took place back on Feb 27 ’24, which means that Pintozzi John C is holding 10,736 shares at $637,880 based on the most recent closing price.
Stock Fundamentals for ALL
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.88 for the gross margin
The net margin for Allstate Corp stands at 0.02. The total capital return value is set at -0.0. Equity return is now at value 7.47, with 1.45 for asset returns.
Based on Allstate Corp (ALL), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.67. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is -1.68.
Currently, EBITDA for the company is -213.0 million with net debt to EBITDA at -3.88. When we switch over and look at the enterprise to sales, we see a ratio of 0.9. The receivables turnover for the company is 5.42for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
To put it simply, Allstate Corp (ALL) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
