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.
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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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.
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