Allstate (ALL) PT Lowered to $100.00

Allstate (NYSE:ALL) had its target price lowered by analysts at Deutsche Bank from $102.00 to $100.00 in a report issued on Friday. The firm currently has a “hold” rating on the insurance provider’s stock. Deutsche Bank’s price target suggests a potential upside of 11.63% from the company’s current price.

Several other research firms also recently issued reports on ALL. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a research report on Tuesday, December 12th. Wells Fargo & Co set a $110.00 price target on shares of Allstate and gave the company a “buy” rating in a research report on Thursday, November 16th. B. Riley reissued a “neutral” rating on shares of Allstate in a research report on Monday, November 6th. Goldman Sachs Group started coverage on shares of Allstate in a research report on Monday, December 4th. They issued a “neutral” rating and a $104.00 price target for the company. Finally, Bank of America reduced their price target on shares of Allstate from $116.00 to $111.00 and set a “buy” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Allstate has a consensus rating of “Hold” and a consensus price target of $97.67.

Allstate (ALL) traded down $0.48 during trading hours on Friday, hitting $89.58. 782,390 shares of the stock traded hands, compared to its average volume of 2,638,744. The company has a market cap of $32,320.00, a price-to-earnings ratio of 12.39, a P/E/G ratio of 1.43 and a beta of 0.96. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.31. Allstate has a 12 month low of $78.13 and a 12 month high of $105.36.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.56. Allstate had a net margin of 8.28% and a return on equity of 12.72%. The company had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.09 billion. During the same quarter in the previous year, the business posted $2.17 EPS. Allstate’s revenue for the quarter was up 3.8% compared to the same quarter last year. equities research analysts anticipate that Allstate will post 8.13 EPS for the current fiscal year.

In other Allstate news, EVP Susan L. Lees sold 4,000 shares of Allstate stock in a transaction on Monday, November 20th. The shares were sold at an average price of $100.49, for a total transaction of $401,960.00. Following the transaction, the executive vice president now directly owns 24,341 shares of the company’s stock, valued at approximately $2,446,027.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.58% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ALL. Arrow Financial Corp boosted its holdings in Allstate by 100.0% during the 3rd quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after acquiring an additional 553 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in Allstate by 46.6% during the 2nd quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 405 shares during the last quarter. Financial Engines Advisors L.L.C. purchased a new position in Allstate during the 3rd quarter worth $116,000. Baker Ellis Asset Management LLC purchased a new position in Allstate during the 3rd quarter worth $120,000. Finally, Rational Advisors LLC purchased a new position in Allstate during the 4th quarter worth $126,000. 76.89% of the stock is currently owned by hedge funds and other institutional investors.

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About Allstate

The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.

Analyst Recommendations for Allstate (NYSE:ALL)

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