A new trading day began on Friday, with Allstate Corp (NYSE: ALL) stock price down -0.07% from the previous day of trading, before settling in for the closing price of $195.51. ALL’s price has ranged from $121.70 to $198.79 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 7.88% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 1406.80%. With a float of $262.54 million, this company’s outstanding shares have now reached $264.04 million.
In an organization with 53400 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 84.71%, operating margin of 4.02%, and the pretax margin is 4.75%.
Allstate Corp (ALL) Insider Updates
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 Allstate Corp is 0.57%, while institutional ownership is 79.75%. The most recent insider transaction that took place on Sep 20 ’24, was worth 6,959,905. In this transaction Pres, Invest. & Corp. Strategy of this company sold 36,367 shares at a rate of $191.38, taking the stock ownership to the 27,364 shares. Before that another transaction happened on Sep 20 ’24, when Company’s Officer proposed sale 36,367 for $191.38, making the entire transaction worth $6,959,904.
Allstate Corp (ALL) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.81 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 5.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1406.80% per share during the next fiscal year.
Allstate Corp (NYSE: ALL) Trading Performance Indicators
Here are Allstate Corp’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.86. Likewise, its price to free cash flow for the trailing twelve months is 8.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.00, a number that is poised to hit 2.53 in the next quarter and is forecasted to reach 18.02 in one year’s time.
Technical Analysis of Allstate Corp (ALL)
Let’s dig in a bit further. During the last 5-days, its volume was 1.61 million. That was better than the volume of 1.55 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 87.61%. Additionally, its Average True Range was 3.99.
During the past 100 days, Allstate Corp’s (ALL) raw stochastic average was set at 91.88%, which indicates a significant increase from 82.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.84% in the past 14 days, which was higher than the 22.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $186.30, while its 200-day Moving Average is $169.33. However, in the short run, Allstate Corp’s stock first resistance to watch stands at $196.22. Second resistance stands at $197.07. The third major resistance level sits at $198.41. If the price goes on to break the first support level at $194.02, it is likely to go to the next support level at $192.68. Assuming the price breaks the second support level, the third support level stands at $191.83.
Allstate Corp (NYSE: ALL) Key Stats
With a market capitalization of 51.59 billion, the company has a total of 263,915K Shares Outstanding. Currently, annual sales are 57,094 M while annual income is -188,000 K. The company’s previous quarter sales were 15,714 M while its latest quarter income was 331,000 K.
