The Allstate Corporation (NYSE:ALL) has a beta of 0.85, a 12-month trailing P/E ratio of 5.22, and a growth ratio of 13.29. The stock’s Relative Strength Index (RSI) is 28.29, with weekly volatility at 2.07% and ATR at 2.60. The ALL stock’s 52-week price range has touched low of $84.97 and a $140.00 high. Its shares traded lower over the last trading session, losing -1.98% on 06/18/21. The shares fell to a low of $123.82 before closing at $124.04. Intraday shares traded counted 3.89 million, which was -93.53% lower than its 30-day average trading volume of 2.01M. ALL’s previous close was $126.55 while the outstanding shares total 302.50M.
Investors have identified the Insurance – Property & Casualty company The Allstate Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $37.88 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The Allstate Corporation (ALL) Fundamentals that are to be considered.
ALL were able to record 1.33 billion as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by 421.0 million. In cash movements, the company had a total of 1.39 billion as operating cash flow.
Potential earnings growth for The Allstate Corporation (ALL)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, The Allstate Corporation recorded a total of 12.45 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 20.76% coming in sequential stages and their sales for the 08/05/2021 quarter increasing by 1.79%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 9.28 billion trying to sell their products during the last quarter, with the result yielding a gross income of 3.03 billion. This allows shareholders to hold on to 302.50M with the recently reported earning now reading 7.78 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (6.11 cents a share).
Having a look at the company’s valuation, the company is expected to record 13.12 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ALL sounds very interesting.
Is the stock of ALL attractive?
In related news, PresPersonalProperty&Liability, Shapiro Glenn T sold 7,000 shares of the company’s stock in a transaction that recorded on May 21. The sale was performed at an average price of 137.45, for a total value of 962,122. As the sale deal closes, the SVP, Controller, and CAO, Pintozzi John C now sold 2,000 shares of the company’s stock, valued at 274,126. Also, Executive Vice President – AIC, Gupta Suren sold 62,657 shares of the company’s stock in a deal that was recorded on May 10. The shares were price at an average price of 135.23 per share, with a total market value of 8,472,918. Following this completion of acquisition, the EVP & Chief Financial Officer, Rizzo Mario now holds 12,763 shares of the company’s stock, valued at 1,700,797. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
9 out of 19 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on The Allstate Corporation. 0 analysts has assigned a Sell rating on the ALL stock. The 12-month mean consensus price target for the company’s shares has been set at $143.83.