Allstate Corp (NYSE: ALL) has a price-to-earnings ratio that is above its average at 35.01x. The stock has a 36-month beta value of 0.48. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 7 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for ALL is 262.37M, and at present, short sellers hold a 0.98% of that float. On July 04, 2024, the average trading volume of ALL was 1.43M shares.
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ALL) stock’s latest price update
Allstate Corp (NYSE: ALL)’s stock price has gone rise by 0.20 in comparison to its previous close of 160.18, however, the company has experienced a 1.35% increase in its stock price over the last five trading days. zacks.com reported 2024-07-02 that Allstate (ALL) remains well-poised for growth on higher P&C insurance premiums, strategic acquisitions and cost-cutting initiatives.
ALL’s Market Performance
ALL’s stock has risen by 1.35% in the past week, with a monthly drop of -2.21% and a quarterly drop of -7.45%. The volatility ratio for the week is 1.35% while the volatility levels for the last 30 days are 1.75% for Allstate Corp. The simple moving average for the past 20 days is -0.41% for ALL’s stock, with a 7.31% 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 -3.19% 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 -9.51% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares sank -2.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.10% lower at present.
During the last 5 trading sessions, ALL rose by +0.68%, which changed the moving average for the period of 200-days by +46.57% in comparison to the 20-day moving average, which settled at $160.96. In addition, Allstate Corp saw 14.66% 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 SPRIESER JUDITH A, who sale 1,124 shares at the price of $166.88 back on Jun 03 ’24. After this action, SPRIESER JUDITH A now owns 0 shares of Allstate Corp, valued at $187,573 using the latest closing price.
Dugenske John E, the Pres, Invest. & Corp. Strategy of Allstate Corp, sale 31,000 shares at $170.20 during a trade that took place back on Mar 26 ’24, which means that Dugenske John E is holding 63,731 shares at $5,276,203 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 -0.01. 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 -1.26.
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 0.86. The receivables turnover for the company is 2.97for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
To sum up, Allstate Corp (ALL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
