The stock price of Allstate Corp (NYSE: ALL) has dropped by -0.77 compared to previous close of 197.30. Despite this, the company has seen a gain of 2.74% in its stock price over the last five trading days. businesswire.com reported 2024-11-14 that NORTHBROOK, Ill.–(BUSINESS WIRE)–The Allstate Corporation (NYSE: ALL) announced today its board of directors approved a quarterly dividend of $0.92 cents on each outstanding share of the corporation’s common stock be payable in cash on Jan. 2, 2025, to stockholders of record at the close of business on Nov. 29, 2024. Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com.
Is It Worth Investing in Allstate Corp (NYSE: ALL) Right Now?
Allstate Corp (NYSE: ALL) has a higher price-to-earnings ratio of 12.64x compared to its average ratio, The 36-month beta value for ALL is at 0.48. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 7 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for ALL is 263.30M, and currently, shorts hold a 0.74% of that float. The average trading volume for ALL on November 15, 2024 was 1.50M shares.
ALL’s Market Performance
ALL’s stock has seen a 2.74% increase for the week, with a 0.07% rise in the past month and a 8.98% gain in the past quarter. The volatility ratio for the week is 1.95%, and the volatility levels for the past 30 days are at 2.09% for Allstate Corp. The simple moving average for the past 20 days is 2.45% for ALL’s stock, with a 13.24% simple moving average for the past 200 days.
Analysts’ Opinion of ALL
Many brokerage firms have already submitted their reports for ALL stocks, with Barclays repeating the rating for ALL by listing it as a “Underweight.” The predicted price for ALL in the upcoming period, according to Barclays is $175 based on the research report published on September 05, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see ALL reach a price target of $177, previously predicting the price at $142. The rating they have provided for ALL stocks is “Equal Weight” according to the report published on August 12th, 2024.
BMO Capital Markets gave a rating of “Outperform” to ALL, setting the target price at $191 in the report published on July 18th of the current year.
ALL Trading at 3.16% 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 -2.60% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares surge +0.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.39% upper at present.
During the last 5 trading sessions, ALL rose by +2.74%, which changed the moving average for the period of 200-days by +26.11% in comparison to the 20-day moving average, which settled at $191.10. In addition, Allstate Corp saw 39.86% 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 36,367 shares at the price of $191.38 back on Sep 20 ’24. After this action, Dugenske John E now owns 27,364 shares of Allstate Corp, valued at $6,959,905 using the latest closing price.
Dugenske John E, the Officer of Allstate Corp, proposed sale 36,367 shares at $191.38 during a trade that took place back on Sep 20 ’24, which means that Dugenske John E is holding shares at $6,959,904 based on the most recent closing price.
Stock Fundamentals for ALL
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.86 for the gross margin
The net margin for Allstate Corp stands at 0.07. The total capital return value is set at 0.04. Equity return is now at value 23.84, with 4.30 for asset returns.
Based on Allstate Corp (ALL), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 1.05. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 11.92.
Currently, EBITDA for the company is 703.0 million with net debt to EBITDA at 0.45. When we switch over and look at the enterprise to sales, we see a ratio of 0.95. The receivables turnover for the company is 5.65for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.47.
Conclusion
In conclusion, Allstate Corp (ALL) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
