Allstate Corp (NYSE: ALL): Do Not Miss The Gain Train

Allstate Corp (ALL) concluded trading on Thursday at a closing price of $161.75, with 3.79 million shares of worth about $613.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 47.58% during that period and on Thursday the price saw a gain of about 1.99%. Currently the company’s common shares owned by public are about 262.00M shares, out of which, 259.59M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 56 times over the past 12 months. They bought 225,779 shares in 35 of the transactions. In 21 selling transactions, insiders dumped 128,907 shares.

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However, the stock later moved at a day high price of 168.05, or with a gain of 1.99%. Stock saw a price change of 3.56% in past 5 days and over the past one month there was a price change of 7.13%. Year-to-date (YTD), ALL shares are showing a performance of 15.55% which increased to 18.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $100.57 but also hit the highest price of $159.60 during that period. The average intraday trading volume for Allstate Corp shares is 1.42 million. The stock is currently trading 4.29% above its 20-day simple moving average (SMA20), while that difference is up 10.48% for SMA50 and it goes to 32.03% higher than SMA200.

Allstate Corp (NYSE: ALL) currently have 262.00M outstanding shares and institutions hold larger chunk of about 79.23% of that.

The stock has a current market capitalization of $42.33B and its 3Y-monthly beta is at 0.51. It has posted earnings per share of -$1.19 in the same period. It has a debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALL, volatility over the week remained 1.90% while standing at 1.65% over the month.

Analysts are in expectations that Allstate Corp (ALL) stock would likely to be making an EPS of $3.36 in the current quarter, while forecast for next quarter EPS is $1.77 and it is $16.06 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.25 which is $4.44 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.3 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1152.85% while it is estimated to increase by 34.26% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on January 10, 2024 offering an Outperform rating for the stock and assigned a target price of $193 to it.

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