ALL

Allstate (ALL) Declares $0.92 Dividend

Allstate said on February 23, 2024 that its board of directors declared a regular quarterly dividend of $0.92 per share ($3.68 annualized). Previously, the company paid $0.89 per share.

Shareholders of record as of March 4, 2024 will receive the payment on April 1, 2024.

At the current share price of $160.59 / share, the stock's dividend yield is 2.29%.

Looking back five years and taking a sample every week, the average dividend yield has been 2.46%, the lowest has been 1.61%, and the highest has been 3.48%. The standard deviation of yields is 0.42 (n=234).

The current dividend yield is 0.41 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is -4.98. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.10%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 2048 funds or institutions reporting positions in Allstate. This is an increase of 109 owner(s) or 5.62% in the last quarter. Average portfolio weight of all funds dedicated to ALL is 0.30%, an increase of 11.37%. Total shares owned by institutions decreased in the last three months by 0.55% to 226,921K shares. ALL / The Allstate Corporation Put/Call Ratios The put/call ratio of ALL is 0.75, indicating a bullish outlook.

Analyst Price Forecast Suggests 9.92% Upside

As of February 23, 2024, the average one-year price target for Allstate is 176.52. The forecasts range from a low of 142.41 to a high of $205.80. The average price target represents an increase of 9.92% from its latest reported closing price of 160.59.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Allstate is 51,575MM, a decrease of 9.67%. The projected annual non-GAAP EPS is 14.53.

What are Other Shareholders Doing?

ALL / The Allstate Corporation Shares Held by Institutions

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,174K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 8,218K shares, representing a decrease of 0.54%. The firm increased its portfolio allocation in ALL by 5.48% over the last quarter.

Price T Rowe Associates holds 8,124K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 8,048K shares, representing an increase of 0.93%. The firm increased its portfolio allocation in ALL by 16.29% over the last quarter.

VFINX - Vanguard 500 Index Fund Investor Shares holds 6,286K shares representing 2.39% ownership of the company. In it's prior filing, the firm reported owning 6,260K shares, representing an increase of 0.40%. The firm increased its portfolio allocation in ALL by 5.04% over the last quarter.

VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 5,923K shares representing 2.25% ownership of the company. In it's prior filing, the firm reported owning 3,041K shares, representing an increase of 48.66%. The firm increased its portfolio allocation in ALL by 110.67% over the last quarter.

Charles Schwab Investment Management holds 5,914K shares representing 2.25% ownership of the company. In it's prior filing, the firm reported owning 5,927K shares, representing a decrease of 0.21%. The firm increased its portfolio allocation in ALL by 1.19% over the last quarter.

Allstate Corp Background Information
(This description is provided by the company.)

The Allstate Corporation protects people from life's uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft with more than 172 million policies in force. Products are available through a broad distribution network including Allstate agents, independent agents, major retailers, online and at the workplace. Allstate is widely known for the slogan 'You're in Good Hands with Allstate.'

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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