Allstate (NYSE:ALL) received a $100.00 price objective from equities researchers at Wells Fargo & Co in a note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the insurance provider’s stock. Wells Fargo & Co’s target price suggests a potential upside of 11.15% from the company’s current price.
A number of other research firms also recently commented on ALL. Zacks Investment Research raised Allstate from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a report on Tuesday, September 18th. Credit Suisse Group decreased their target price on Allstate from $114.00 to $112.00 and set a “buy” rating for the company in a report on Tuesday, August 28th. ValuEngine raised Allstate from a “sell” rating to a “hold” rating in a report on Saturday, September 1st. B. Riley lifted their target price on Allstate from $88.00 to $103.00 and gave the stock a “neutral” rating in a report on Tuesday, August 7th. Finally, Buckingham Research raised Allstate from an “underperform” rating to a “neutral” rating and set a $88.00 target price for the company in a report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Allstate has an average rating of “Hold” and an average price target of $104.62.
Allstate stock opened at $89.97 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.26 and a quick ratio of 0.26. Allstate has a 52 week low of $88.29 and a 52 week high of $105.36. The stock has a market cap of $33.06 billion, a P/E ratio of 13.41, a PEG ratio of 1.21 and a beta of 0.91.
Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 31st. The insurance provider reported $1.93 EPS for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.28). Allstate had a return on equity of 15.21% and a net margin of 9.06%. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same period last year, the firm earned $1.60 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities analysts anticipate that Allstate will post 9.46 EPS for the current fiscal year.
In other Allstate news, insider Glenn T. Shapiro sold 21,728 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $98.70, for a total value of $2,144,553.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Harriet K. Harty sold 10,515 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $98.87, for a total value of $1,039,618.05. Following the completion of the transaction, the executive vice president now directly owns 14,606 shares of the company’s stock, valued at $1,444,095.22. The disclosure for this sale can be found here. Insiders sold 54,432 shares of company stock valued at $5,386,208 over the last three months. 1.40% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in ALL. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Allstate during the 3rd quarter worth approximately $110,000. Kiley Juergens Wealth Management LLC acquired a new position in shares of Allstate during the 2nd quarter worth approximately $124,000. Cornerstone Wealth Management LLC acquired a new position in shares of Allstate during the 3rd quarter worth approximately $146,000. Summit Trail Advisors LLC raised its stake in shares of Allstate by 11,436.6% during the 1st quarter. Summit Trail Advisors LLC now owns 147,438 shares of the insurance provider’s stock worth $147,000 after buying an additional 146,160 shares during the period. Finally, Denali Advisors LLC acquired a new position in shares of Allstate during the 3rd quarter worth approximately $158,000. 76.05% of the stock is owned by institutional investors.
The Allstate Corporation, together with its subsidiaries, engages in property and casualty insurance, and life insurance businesses in the United States and Canada. The company's Allstate Protection segment sells private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products, including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; and commercial lines products under the Allstate, Esurance, and Encompass brand names.
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