Today it was reported that the Vice Chairman of Allstate (ALL), Steven Shebik, exercised options to sell 26,446 ALL shares at $31.56 a share, for a total transaction value of $2.74M.
Following Steven Shebik’s last ALL Sell transaction on August 08, 2017, the stock climbed by 12.7%. In addition to Steven Shebik, 2 other ALL executives reported Sell trades in the last month.
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Based on Allstate’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $10.91 billion and quarterly net profit of $851 million. In comparison, last year the company earned revenue of $9.93 billion and had a net profit of $676 million. ALL’s market cap is $34.19B and the company has a P/E ratio of 13.60. Currently, Allstate has an average volume of 1.77M.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $108.00, reflecting a 4.5% upside.
The insider sentiment on Allstate has been negative according to 36 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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The Allstate Corp. engages in the property and casualty insurance business and the sale of life and accident and health insurance products through its subsidiaries. It operates through following business segments: Allstate Protection, Service Businesses, Allstate Life, Allstate Benefits, Allstate Annuities, Discontinued Lines and Coverages, and Corporate and Other. The Allstate Protection segment sells private passenger auto and homeowners insurance through agencies and directly through call centers and the internet. These products are marketed under the Allstate, Encompass, and Esurance brand names. The Service Businesses segment offers a range of products and services that expand and enhance customer value propositions including SquareTrade, Arity, Allstate Roadside, and Allstate Dealer Services. The Allstate Life segment provides traditional, interest-sensitive, and variable life insurance products through Allstate exclusive agencies and exclusive financial specialists. The Allstate Benefits segment offers voluntary benefits products, including life, accident, critical illness, short-term disability and other health products sold through workplace enrolling independent agents and Allstate exclusive agencies. The Allstate Annuities segment consists of deferred fixed annuities and immediate fixed annuities. The Discontinued Lines and Coverages segment includes results from property and casualty insurance coverage that primarily relates to policies written during the 1960s through the mid-1980s. The Corporate and Other segment comprises of the company’s activities and certain non-insurance operations. The company was founded on April 17, 1931 and is headquartered in Northbrook, IL.
