The Allstate Corporation (ALL) to Issue Quarterly Dividend of $1.08 on July 1st

The Allstate Corporation (NYSE:ALL) announced a quarterly dividend on Friday, May 22nd. Investors of record on Monday, June 1st will be given a dividend of 1.08 per share by the insurance provider on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, June 1st.

Allstate has increased 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. Analysts expect Allstate to earn $26.27 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 16.4%.

Allstate Stock Performance

NYSE:ALL opened at $206.51 on Friday. The firm has a 50-day moving average of $212.70 and a two-hundred day moving average of $208.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $53.16 billion, a P/E ratio of 4.56, a PEG ratio of 0.37 and a beta of 0.21. Allstate has a 1-year low of $188.08 and a 1-year high of $227.62.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $3.53 earnings per share. On average, research analysts expect that Allstate will post 29.11 earnings per share for the current fiscal year.

Insider Activity at Allstate

In other Allstate news, insider Mark Q. Prindiville sold 1,550 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of the sale, the insider owned 27,558 shares in the company, valued at $5,959,968.66. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mario Rizzo sold 18,578 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the sale, the chief operating officer directly owned 82,227 shares in the company, valued at $17,991,267.60. This trade represents a 18.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On Allstate

Institutional investors have recently modified their holdings of the business. MV Capital Management Inc. acquired a new position in Allstate in the fourth quarter valued at approximately $25,000. Dorato Capital Management acquired a new stake in shares of Allstate during the 4th quarter worth approximately $27,000. Navalign LLC bought a new stake in shares of Allstate in the 4th quarter worth approximately $27,000. Evolution Wealth Management Inc. lifted its holdings in shares of Allstate by 7,000.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 140 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in Allstate during the 1st quarter valued at approximately $30,000. Institutional investors own 76.47% of the company’s stock.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.