Investment analysts at BMO Capital Markets initiated coverage on shares of Allstate (NYSE:ALL – Get Rating) in a note issued to investors on Thursday, The Fly reports. The firm set a “market perform” rating and a $130.00 price target on the insurance provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 3.46% from the company’s current price.
A number of other equities research analysts have also recently issued reports on ALL. Keefe, Bruyette & Woods upgraded Allstate from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $136.00 to $158.00 in a research note on Tuesday, October 11th. Barclays lifted their target price on Allstate from $112.00 to $128.00 and gave the company an “equal weight” rating in a report on Tuesday, November 8th. StockNews.com began coverage on Allstate in a report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley reduced their target price on Allstate from $140.00 to $137.00 and set an “equal weight” rating for the company in a report on Tuesday, November 22nd. Finally, Wells Fargo & Company reduced their target price on Allstate from $107.00 to $105.00 and set an “underweight” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.85.
Allstate Price Performance
ALL opened at $125.65 on Thursday. The company has a market capitalization of $33.32 billion, a price-to-earnings ratio of -88.49, a P/E/G ratio of 3.19 and a beta of 0.61. Allstate has a 1 year low of $111.85 and a 1 year high of $144.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.39 and a quick ratio of 0.39. The firm’s fifty day moving average price is $133.83 and its two-hundred day moving average price is $128.45.
Institutional Trading of Allstate
Several hedge funds and other institutional investors have recently bought and sold shares of the company. DAVENPORT & Co LLC boosted its stake in Allstate by 16.4% in the fourth quarter. DAVENPORT & Co LLC now owns 6,921 shares of the insurance provider’s stock worth $939,000 after buying an additional 975 shares in the last quarter. Newman Dignan & Sheerar Inc. boosted its stake in Allstate by 7.2% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 4,699 shares of the insurance provider’s stock worth $637,000 after buying an additional 316 shares in the last quarter. Everett Harris & Co. CA purchased a new stake in Allstate in the fourth quarter worth approximately $207,000. Wealth Management Partners LLC purchased a new stake in Allstate in the fourth quarter worth approximately $204,000. Finally, Emerald Advisors LLC purchased a new stake in Allstate in the fourth quarter worth approximately $224,000. Hedge funds and other institutional investors own 77.48% of the company’s stock.
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal lines products, such as renter, condominium, landlord, boat, umbrella, and manufactured home and stand-alone scheduled personal property; and commercial lines products under the Allstate and Encompass brand names.
- Get a free copy of the StockNews.com research report on Allstate (ALL)
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