Company Update (NYSE:ALL): Des Moines Ranks 44th Among 200 Cities in Allstate’s Annual America’s Best Drivers Report®

[PR Newswire] – DES MOINES, Iowa, July 1, 2016 /PRNewswire/ — Allstate Insurance Company today released its 12th annual America’s Best Drivers Report®, and Des Moines ranked 44th safest among America’s 200 largest citiesi in terms of collision frequency. The report underscores Allstate’s commitment to safety, especially as motorists prepare to hit the roads for the July Fourth holiday – the deadliest day of the year for drivers, according to the Insurance Institute for Highway Safety (IIHS). Allstate’s report found the average driver in Des Moines will experience an auto collision every 10.4 years, compared to the national average of every 10 years. Read more on this. The Allstate Corporation (ALL) , with a current market cap of $26.10B, started trading this morning at $69.95. Looking at today’s trading action, the company’s one day range from $69.53 to $69.95 and has traded between $54.12 and $69.95 over the past year. Allstate (ALL) shares are currently priced at 16.08x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.36x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.32 per share annually in dividends, yielding 1.99%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $0.59 per share, which would be $0.04 worse than the year-ago quarter and a $0.51 sequential decrease. The full-year EPS estimate is $4.35, which would be a $0.84 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.14 Billion. If realized, that would be a 3.30% increase over the year-ago quarter. In terms of ratings, Citigroup upgraded ALL from Neutral to Buy (Feb 5, 2016). Previously, Macquarie upgraded ALL from Neutral to Outperform. Given all the information above, we should disclose to readers that the average price target is $73.22, which is 4.67% above than it opened this morning. See more in (NYSE:ALL) Similar Articles: Stock Update (NYSE:ALL): Brownsville Ranks First Among 200 Cities in Allstate’s Annual America’s Best Drivers Report® Stock Update: The Allstate Corporation (NYSE:ALL) – Allstate Publishes 2015 Online Annual Report, Shares Successes While Looking to the Future Stock Update (NYSE:ALL): Allstate to Present at Raymond James 37th Annual Institutional Investors Conference
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