The Allstate Corporation (NYSE:ALL) Shareholders to Get $1.08 Quarterly Dividend

The Allstate Corporation (NYSE:ALL) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Monday, November 30th will be paid a dividend of $1.08 per share by the insurance provider on Monday, January 4th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, November 30th.

Allstate has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend every year for the last 15 years. Allstate has a payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Allstate to earn $28.95 per share next year, which means the company should continue to be able to cover its $4.32 annual dividend with an expected future payout ratio of 14.9%.

Allstate Price Performance

Shares of NYSE:ALL opened at $266.68 on Friday. Allstate has a 1-year low of $191.13 and a 1-year high of $281.11. The stock has a market cap of $65.99 billion, a PE ratio of 6.04, a price-to-earnings-growth ratio of 0.56 and a beta of 0.13. The stock’s fifty day simple moving average is $246.06 and its two-hundred day simple moving average is $231.16. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $2.87. Allstate had a return on equity of 38.37% and a net margin of 16.57%. The company had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $15.87 billion. During the same period in the previous year, the business posted $11.17 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, analysts forecast that Allstate will post 37.33 EPS for the current fiscal year.

Institutional Trading of Allstate

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Allstate during the second quarter worth about $5,439,448,000. Bank of America Corp DE raised its holdings in shares of Allstate by 8.1% during the 1st quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider’s stock valued at $1,640,748,000 after buying an additional 596,321 shares in the last quarter. GQG Partners LLC bought a new stake in Allstate in the 2nd quarter worth approximately $1,245,710,000. Deutsche Bank AG bought a new stake in Allstate in the 2nd quarter worth approximately $1,008,648,000. Finally, Dimensional Fund Advisors LP boosted its stake in Allstate by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,804,615 shares of the insurance provider’s stock worth $581,515,000 after buying an additional 154,259 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Allstate Company Profile

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance. The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.