• Allstate,  earnings release

    Allstate corp will conference call february 7 2013

    best insurance stock Allstate corp will conference call february 7 2013 : The Allstate Corp. will conduct a conference call and webcast at 9 a.m. Eastern Time (ET) on Thursday, Feb. 7 to discuss fourth quarter 2012 earnings. According to a release, the company will issue a news release announcing quarterly results at or after 4:05 p.m. ET on Wednesday, Feb. 6. Shortly thereafter, the company plans to post supplementary financial and statistical information online. These materials will be available on Allstate’s website at allstateinvestors.com.

    The investor webcast also can be accessed at allstateinvestors.com. For those unable to participate in the live event, a webcast replay and downloadable MP3 file will be posted on the company’s website shortly after the event ends. The company’s 2012 Annual Report on Form 10-K will be filed by its due date of March 1. The Allstate Corp. is a personal lines insurer. read Allstate Stock outlook 2013-2014
  • Allstate,  insurance stock prediction

    Allstate Stock outlook 2013-2014

    Allstate Stock outlook 2013-2014
    best insurance stock – Allstate insurance Stock outlook 2013-2014, Allstate stock performance 2013 ; Shares of Allstate closed at $42.93 Monday, trading for 9.5 times the consensus 2013 earnings per share estimate of $4.53. The consensus 2014 EPS estimate is $4.88.
    The shares returned 50 percent during 2012.Based on a quarterly payout of 22 cents, the shares have a dividend yield of 2.05 percent.

    Allstate announced on Nov. 28 estimated that its losses for October, net of reinsurance, totaled $1.1 billion before taxes. The company said that “autos represent approximately 40 percent of the total gross losses, with 78 percent in New York, 19 percent in New Jersey and 3 percent in other states.”
    For its property-liability unit, Allstate reported underwriting income of $1.316 billion for the first three quarters of 2012. During 2011, the unit had an underwriting loss of $874 million.
    The company will announce its fourth-quarter results on Feb. 7, with analysts expecting a loss of 7 cents a share, compared to a profit of $1.46 a share the previous quarter, and earnings per share of $1.48 during the fourth quarter of 2011.
    Allstate on Dec. 17 announced that its board of directors had “approved a share repurchase program of up to $1 billion to be funded by issuing a like amount of subordinated debentures,” after its previous buyback program was completed.
    Following the company’s announcement, Credit Suisse analyst Michael Zaremski reiterated his “outperform” rating for Allstate, with a $42 price target, saying he expected the company’s board of directors to approve an additional $1 billion worth of stock (equal to 5 percent of shares outstanding at today’s stock price [on Dec. 1]) via the issuance of a like amount of hybrid debt.” Zaremski estimates that Allstate will earn $4.35 a share in 2013 with earnings per share rising to $4.72 in 2014.
    Allstate earnings per share outlook 2013-2014, Allstate EPS 2013, Allstate earnings estimate 2013, Allstate stock prices 2013