A new trading day began on January 24, 2023, with The Allstate Corporation (NYSE: ALL) stock priced at $125.00, up 1.61% from the previous day of trading. During the day, the shares moved up to $127.78 and dropped to $124.61 before settling in for the closing price of $125.24. ALL’s price has ranged from $111.85 to $144.46 over the past 52 weeks.
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 $263.50 million, this company’s outstanding shares have now reached $268.70 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 0.64%, while institutional ownership is 81.50%. The most recent insider transaction that took place on Jan 03, was worth 2,773,017. In this transaction President, Enterprise Services of this company sold 20,241 shares at a rate of $137.00, taking the stock ownership to the 82,270 shares. Before that another transaction happened on Dec 21, when Company’s President, Enterprise Services sold 40,000 for $135.25, making the entire transaction worth $5,410,200. This insider now owns 82,270 shares in total.
The Allstate Corporation (ALL) Latest Financial update
In its latest quarterly report, released on 6/29/2022, the company reported earnings of -$0.76 per share, which was $0.1 higher 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 2.09 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 0.32% 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 0.66. Likewise, its price to free cash flow for the trailing twelve months is 9.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.41, a number that is poised to hit -0.78 in the next quarter and is forecasted to reach 8.44 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 2.65 million. That was better than the volume of 1.78 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 20.66%. Additionally, its Average True Range was 3.26.
During the past 100 days, The Allstate Corporation’s (ALL) raw stochastic average was set at 41.93%, which indicates a significant increase from 26.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.27% in the past 14 days, which was lower than the 35.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $133.22, while its 200-day Moving Average is $128.92. However, in the short run, The Allstate Corporation’s stock first resistance to watch stands at $128.49. Second resistance stands at $129.72. The third major resistance level sits at $131.66. If the price goes on to break the first support level at $125.32, it is likely to go to the next support level at $123.38. The third support level lies at $122.15 if the price breaches the second support level.
The Allstate Corporation (NYSE: ALL) Key Stats
With a market capitalization of 33.48 billion, the company has a total of 265,210K Shares Outstanding. Currently, annual sales are 50,588 M while annual income is 1,599 M. The company’s previous quarter sales were 13,208 M while its latest quarter income was -668,000 K.