Allstate (NYSE:ALL) Given Neutral Rating at Cantor Fitzgerald

Allstate (NYSE:ALLGet Free Report)‘s stock had its “neutral” rating reiterated by analysts at Cantor Fitzgerald in a note issued to investors on Thursday,Benzinga reports. They presently have a $220.00 price target on the insurance provider’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 2.40% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. William Blair cut shares of Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Evercore ISI set a $225.00 target price on Allstate in a research note on Wednesday, January 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $215.00 price target (down from $245.00) on shares of Allstate in a research note on Tuesday, December 16th. TD Cowen lowered Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Roth Mkm lifted their price target on shares of Allstate from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and an average price target of $237.31.

View Our Latest Research Report on Allstate

Allstate Trading Up 3.7%

Shares of NYSE:ALL traded up $7.73 during midday trading on Thursday, reaching $214.85. The company’s stock had a trading volume of 1,034,994 shares, compared to its average volume of 1,804,464. Allstate has a fifty-two week low of $176.00 and a fifty-two week high of $216.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a 50 day moving average price of $203.97 and a two-hundred day moving average price of $203.60. The firm has a market capitalization of $56.22 billion, a price-to-earnings ratio of 6.95, a PEG ratio of 0.44 and a beta of 0.23.

Allstate (NYSE:ALLGet Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.72 by $5.59. The firm had revenue of $14.57 billion for the quarter, compared to analyst estimates of $17.23 billion. Allstate had a return on equity of 35.42% and a net margin of 12.53%.The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.67 earnings per share. As a group, analysts forecast that Allstate will post 18.74 earnings per share for the current year.

Insider Transactions at Allstate

In other news, insider Suren Gupta sold 21,871 shares of Allstate stock in a transaction on Friday, November 21st. The shares were sold at an average price of $215.21, for a total value of $4,706,857.91. Following the transaction, the insider directly owned 100,646 shares of the company’s stock, valued at $21,660,025.66. The trade was a 17.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 48,400 shares of company stock valued at $10,313,256 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Allstate

Hedge funds have recently made changes to their positions in the business. AustralianSuper Pty Ltd grew its holdings in shares of Allstate by 80.6% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,220,984 shares of the insurance provider’s stock worth $254,148,000 after buying an additional 544,874 shares during the last quarter. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Allstate in the 4th quarter valued at approximately $24,080,000. Pinnacle Associates Ltd. grew its stake in shares of Allstate by 3.8% in the 4th quarter. Pinnacle Associates Ltd. now owns 2,786 shares of the insurance provider’s stock valued at $580,000 after purchasing an additional 103 shares during the last quarter. Simmons Bank increased its holdings in shares of Allstate by 6.8% in the fourth quarter. Simmons Bank now owns 7,610 shares of the insurance provider’s stock valued at $1,584,000 after purchasing an additional 483 shares during the period. Finally, Navalign LLC acquired a new stake in shares of Allstate during the fourth quarter worth $27,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

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Allstate Company Profile

(Get Free Report)

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.

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