Allstate (NYSE:ALL – Get Free Report) had its target price boosted by Keefe, Bruyette & Woods from $232.00 to $241.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “underperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods‘s price objective would suggest a potential downside of 5.04% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Mizuho cut their target price on Allstate from $300.00 to $295.00 and set an “outperform” rating on the stock in a report on Wednesday, October 7th. Argus set a $238.00 price target on Allstate in a research note on Friday, August 28th. Evercore increased their price objective on Allstate from $240.00 to $262.00 in a report on Thursday, October 8th. BMO Capital Markets raised their price objective on Allstate from $250.00 to $284.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Finally, Wall Street Zen lowered Allstate from a “buy” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Allstate has an average rating of “Hold” and a consensus target price of $272.14.
Read Our Latest Analysis on ALL
Allstate Stock Down 0.4%
Allstate stock opened at $253.80 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24. Allstate has a 1-year low of $191.13 and a 1-year high of $281.11. The firm’s fifty day simple moving average is $245.77 and its 200-day simple moving average is $230.14. The company has a market capitalization of $64.18 billion, a P/E ratio of 5.75, a P/E/G ratio of 0.59 and a beta of 0.13.
Allstate (NYSE:ALL – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $2.87. The firm had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $15.87 billion. Allstate had a net margin of 16.57% and a return on equity of 38.48%. Allstate’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $11.17 earnings per share. Sell-side analysts forecast that Allstate will post 36.67 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of ALL. Edgestream Partners L.P. bought a new stake in Allstate during the third quarter valued at about $3,857,000. Banco Santander S.A. increased its stake in shares of Allstate by 2.3% in the third quarter. Banco Santander S.A. now owns 8,115 shares of the insurance provider’s stock worth $1,800,000 after purchasing an additional 181 shares during the period. HighTower Advisors LLC increased its stake in shares of Allstate by 1.1% in the third quarter. HighTower Advisors LLC now owns 89,976 shares of the insurance provider’s stock worth $19,962,000 after purchasing an additional 1,000 shares during the period. Texas Capital Bank Wealth Management Services Inc lifted its position in shares of Allstate by 3.2% during the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 1,436 shares of the insurance provider’s stock worth $319,000 after purchasing an additional 45 shares during the last quarter. Finally, White Pine Capital LLC acquired a new position in shares of Allstate during the 3rd quarter worth about $1,935,000. Institutional investors own 76.47% of the company’s stock.
Allstate Company Profile
Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance.
The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.
Founded in 1931 as part of Sears, Roebuck and Co, Allstate became an independent, publicly traded company in 1993.
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