Allstate (NYSE:ALL) has been given a $100.00 price objective by research analysts at Wells Fargo & Co in a research note issued to investors on Thursday, February 8th. The firm presently has a “hold” rating on the insurance provider’s stock. Wells Fargo & Co’s price objective indicates a potential upside of 5.99% from the stock’s current price.
Other analysts have also issued reports about the stock. ValuEngine raised shares of Allstate from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Wednesday, January 3rd. B. Riley reissued a “neutral” rating on shares of Allstate in a research report on Monday, November 6th. Credit Suisse Group increased their price objective on shares of Allstate from $91.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Finally, Goldman Sachs Group assumed coverage on shares of Allstate in a research report on Monday, December 4th. They issued a “neutral” rating and a $104.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $97.00.
Allstate (ALL) traded down $0.68 during trading on Thursday, reaching $94.35. 1,769,696 shares of the company were exchanged, compared to its average volume of 2,865,159. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.25 and a quick ratio of 0.26. Allstate has a 12 month low of $79.09 and a 12 month high of $105.36. The stock has a market cap of $34,100.00, a price-to-earnings ratio of 11.22, a P/E/G ratio of 1.32 and a beta of 0.96.
In other news, EVP Susan L. Lees sold 4,000 shares of the firm’s stock in a transaction that occurred 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 $2,446,027.09. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.58% of the company’s stock.
A number of hedge funds have recently modified their holdings of ALL. Arrow Financial Corp increased its holdings in Allstate by 100.0% during the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock valued at $102,000 after buying an additional 553 shares during the period. IHT Wealth Management LLC increased its holdings in Allstate by 46.6% during the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock valued at $113,000 after buying an additional 405 shares during the period. Financial Engines Advisors L.L.C. purchased a new position in Allstate during the third quarter valued at approximately $116,000. Baker Ellis Asset Management LLC purchased a new position in Allstate during the third quarter valued at approximately $120,000. Finally, Rational Advisors LLC purchased a new position in Allstate during the fourth quarter valued at approximately $126,000. 76.49% of the stock is currently owned by institutional investors.
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Allstate Company Profile
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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