Is Allstate Corp (NYSE: ALL) Back In The Buying Zone?

Currently, there are 262.00M common shares owned by the public and among those 261.49M shares have been available to trade.

Insiders at the company have transacted a total of 22 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 20,559 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 4,217 shares.

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

However, the script later moved the day high at 158.80, down -2.74%. The company’s stock has a 5-day price change of -2.50% and 14.51% over the past three months. ALL shares are trading 10.84% year to date (YTD), with the 12-month market performance up to 21.58% higher. It has a 12-month low price of $100.57 and touched a high of $168.05 over the same period. ALL has an average intraday trading volume of 1.58 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.69%, 1.62%, and 23.29% respectively.

Institutional ownership of Allstate Corp (NYSE: ALL) shares accounts for 79.23% of the company’s 262.00M shares outstanding.

It has a market capitalization of $40.82B and a beta (3y monthly) value of 0.51. The earnings-per-share (ttm) stands at -$1.19. The company has a debt-to-equity ratio at 0.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.52% over the week and 1.82% over the month.

Analysts forecast that Allstate Corp (ALL) will achieve an EPS of $3.56 for the current quarter, $1.82 for the next quarter and $16.45 for 2025. The lowest estimate earnings-per-share for the quarter is $2.43 while analysts give the company a high EPS estimate of $4.67. Comparatively, EPS for the current quarter was -$1.3 a year ago. Earnings per share for the fiscal year are expected to increase by 1190.77%, and 30.65% over the next financial year.

Looking at the support for the ALL, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on January 10, 2024, with the firm’s price target at $193. Jefferies coverage for the Allstate Corp (ALL) stock in a research note released on January 09, 2024 offered a Buy rating with a price target of $180. Morgan Stanley was of a view on January 04, 2024 that the stock is Overweight, while HSBC Securities gave the stock Hold rating on December 28, 2023, issuing a price target of $145. Morgan Stanley on their part issued Equal-Weight rating on June 20, 2023.

Most Popular

Related Posts