A new trading day began on August 04, 2022, with The Allstate Corporation (NYSE: ALL) stock priced at $113.96, down -0.99% from the previous day of trading. During the day, the shares moved up to $116.69 and dropped to $112.05 before settling in for the closing price of $115.06. ALL’s price has ranged from $106.11 to $144.46 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 6.50% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 0.80%. With a float of $273.52 million, this company’s outstanding shares have now reached $278.10 million.
In an organization with 54300 employees, it is important to assess its efficiency.
The Allstate Corporation (ALL) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Insurance – Property & Casualty Industry. The insider ownership of The Allstate Corporation is 0.20%, while institutional ownership is 78.00%. The most recent insider transaction that took place on Jun 03, was worth 13,238,280. In this transaction Chairman, President & CEO of this company sold 99,828 shares at a rate of $132.61, taking the stock ownership to the 0 shares. Before that another transaction happened on Jun 02, when Company’s Chairman, President & CEO sold 142,000 for $133.39, making the entire transaction worth $18,940,873. This insider now owns 99,828 shares in total.
The Allstate Corporation (ALL) Latest Financial update
In its latest quarterly report, released on 3/30/2022, the company reported earnings of $2.58 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +10.26 while generating a return on equity of 18.75. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.32% during the next five years compared to 29.50% growth over the previous five years of trading.
The Allstate Corporation (NYSE: ALL) Trading Performance Indicators
Here are The Allstate Corporation’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 0.62. Likewise, its price to free cash flow for the trailing twelve months is 11.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.20, a number that is poised to hit -1.30 in the next quarter and is forecasted to reach 12.33 in one year’s time.
Technical Analysis of The Allstate Corporation (ALL)
Let’s dig in a bit further. During the last 5-days, its volume was 1.79 million. That was inferior than the volume of 2.11 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 39.56%. Additionally, its Average True Range was 3.10.
During the past 100 days, The Allstate Corporation’s (ALL) raw stochastic average was set at 6.35%, which indicates a significant decrease from 17.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.22% in the past 14 days, which was higher than the 27.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $124.81, while its 200-day Moving Average is $124.36. However, in the short run, The Allstate Corporation’s stock first resistance to watch stands at $116.39. Second resistance stands at $118.86. The third major resistance level sits at $121.03. If the price goes on to break the first support level at $111.75, it is likely to go to the next support level at $109.58. The third support level lies at $107.11 if the price breaches the second support level.
The Allstate Corporation (NYSE: ALL) Key Stats
With a market capitalization of 31.33 billion, the company has a total of 274,983K Shares Outstanding. Currently, annual sales are 50,588 M while annual income is 1,599 M. The company’s previous quarter sales were 12,337 M while its latest quarter income was 656,000 K.