Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Allstate (ALL) Share Price
Media headlines about Allstate (NYSE:ALL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Allstate earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 45.7858339705191 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- [$$] Geico to Stop Using Education and Occupation in Setting Auto Rates in New York (finance.yahoo.com)
- Allstate (ALL) Down 3.6% Since Earnings Report: Can It Rebound? (finance.yahoo.com)
- Allstate sponsoring $400m Sanders Re 2018-1 multi-peril cat bond (artemis.bm)
- Long-Term Allstate (ALL) Investors: Johnson Fistel Investigates Allstate; Encourages Investors Owning Since before November 2014 to Contact the Firm (finance.yahoo.com)
- Allstate (ALL) Presents At Raymond James 39th Annual Institutional Investors Conference – Slideshow (seekingalpha.com)
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Allstate from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Argus reaffirmed a “buy” rating and issued a $110.00 target price on shares of Allstate in a report on Wednesday, February 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $105.00 target price (down previously from $113.00) on shares of Allstate in a report on Wednesday, February 21st. Citigroup dropped their target price on shares of Allstate from $118.00 to $111.00 and set a “buy” rating for the company in a report on Friday, February 16th. Finally, Deutsche Bank dropped their target price on shares of Allstate from $102.00 to $100.00 and set a “hold” rating for the company in a report on Friday, February 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Allstate currently has an average rating of “Hold” and an average price target of $99.00.
Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 EPS for the quarter, beating the consensus estimate of $1.53 by $0.56. Allstate had a net margin of 8.28% and a return on equity of 12.57%. The business had revenue of $8.20 billion during the quarter, compared to the consensus estimate of $8.09 billion. During the same quarter in the prior year, the firm earned $2.17 EPS. The business’s revenue was up 3.8% on a year-over-year basis. equities research analysts forecast that Allstate will post 8.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 5th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Friday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $0.37. Allstate’s dividend payout ratio is 21.98%.
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The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
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