Company Update: The Allstate Corporation (NYSE:ALL) – Allstate Announces Retirement of Chief Investment Officer Judy Greffin

[PR Newswire] – NORTHBROOK, Ill., March 10, 2016 /PRNewswire/ — The Allstate Insurance Company (NYSE: ALL) today announced that Judith P. Greffin, executive vice president and chief investment officer, is retiring, effective … Read more on this. The Allstate Corporation (ALL) , valued at $24.31B, opened this morning at $64.59. During today’s session, ALL traded between $63.73 to $65.02 with its 52-week range being $54.12 to $72.51. Allstate (ALL) shares are currently priced at 11.84x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.56x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.32 per share annually in dividends, yielding 2.02%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $1.41 per share, which would be $0.05 worse than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $5.45, which would be a $0.26 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.61 Billion. If reported, that would be a 4.10% increase over the year-ago quarter. More 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 $70.76, which is 9.55% above where the stock opened this morning. See more in (NYSE:ALL) Similar Articles: Stock Update: The Allstate Corporation (NYSE:ALL) – Allstate Named One of the 2016 ‘Top Companies for Executive Women’ by the National Association for Female Executives 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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