Company Update (NYSE:ALL): Allstate Increases Quarterly Dividend 10 Percent

[PR Newswire] – NORTHBROOK, Ill., Feb. 12, 2016 /PRNewswire/ — The Allstate Corporation (NYSE: ALL) today announced its board of directors has approved a quarterly dividend of 33 cents on each outstanding share of the … Read more on this. The Allstate Corporation (ALL) , currently valued at $24.35B, opened this morning at $63.02. A quick look at the market, the company’s stock traded between $62.86 and $64.31 with a one year range of $54.12 to $72.51. ALL shares are currently priced at 11.43x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.08x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.20 per share annually in dividends, yielding 1.91%. In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $1.42 per share, which would be $0.04 worse than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $5.45 which would be a $0.26 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.60 Billion. If reported, that would be a 3.97% increase over the year-ago quarter. Recently, Citigroup upgraded ALL from Neutral to Buy (Feb 5, 2016). Previously, Macquarie upgraded ALL from Neutral to Outperform. When considering if the stock is under or overvalued, the average price target is $70.67, which is 12.14% above where the stock opened this morning. See more in (NYSE:ALL) Similar Articles: Stock Update: The Allstate Corporation (NYSE:ALL) – Allstate Black History Month Campaign Spotlights Modern African-American Inspirational Stories Company Update: The Allstate Corporation (NYSE:ALL) – Allstate® to Bring Entertainment, Excitement and Usher to New Orleans for the 2016 Allstate® Sugar Bowl® Market Update: The Allstate Corporation (NYSE:ALL) – Allstate, American Football Coaches Association Name 22 College Football Players to the 2015 Allstate AFCA Good Works Team®
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