Research Analysts’ Weekly Ratings Changes for Allstate (ALL)

A number of firms have modified their ratings and price targets on shares of Allstate (NYSE: ALL) recently:

  • 11/15/2022 – Allstate had its price target lowered by analysts at Piper Sandler to $145.00.
  • 11/8/2022 – Allstate had its price target raised by analysts at Barclays PLC from $112.00 to $128.00. They now have an “equal weight” rating on the stock.
  • 11/4/2022 – Allstate had its price target raised by analysts at Citigroup Inc. from $138.00 to $140.00.
  • 11/3/2022 – Allstate had its price target lowered by analysts at JPMorgan Chase & Co. from $152.00 to $150.00. They now have an “overweight” rating on the stock.
  • 10/24/2022 – Allstate had its price target lowered by analysts at Citigroup Inc. from $153.00 to $138.00.
  • 10/20/2022 – Allstate had its price target lowered by analysts at Barclays PLC from $127.00 to $112.00. They now have an “equal weight” rating on the stock.
  • 10/20/2022 – Allstate had its price target lowered by analysts at Evercore ISI to $125.00.
  • 10/20/2022 – Allstate had its price target lowered by analysts at Wells Fargo & Company from $112.00 to $100.00.
  • 10/14/2022 – Allstate had its price target raised by analysts at Barclays PLC from $120.00 to $127.00. They now have an “equal weight” rating on the stock.
  • 10/12/2022 – Allstate had its price target raised by analysts at Wells Fargo & Company from $110.00 to $112.00. They now have an “underweight” rating on the stock.
  • 10/12/2022 – Allstate is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 10/11/2022 – Allstate was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating. They now have a $158.00 price target on the stock, up previously from $136.00.

Allstate Trading Up 1.7 %

Shares of ALL opened at $134.61 on Friday. The Allstate Co. has a 1 year low of $106.11 and a 1 year high of $144.46. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of $128.39 and a 200-day simple moving average of $126.58. The stock has a market cap of $35.70 billion, a PE ratio of -94.80, a PEG ratio of 13.07 and a beta of 0.63.

Allstate (NYSE:ALLGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The insurance provider reported ($1.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.81) by $0.25. Allstate had a positive return on equity of 5.13% and a negative net margin of 0.41%. The firm had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.30 billion. During the same period last year, the firm posted $0.73 EPS. The business’s revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts predict that The Allstate Co. will post 1.99 EPS for the current fiscal year.

Insider Activity

In other news, EVP Mark Q. Prindiville sold 5,511 shares of Allstate stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $125.93, for a total value of $694,000.23. Following the completion of the sale, the executive vice president now directly owns 15,552 shares of the company’s stock, valued at approximately $1,958,463.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.77% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Allstate by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 25,700,343 shares of the insurance provider’s stock worth $3,200,463,000 after purchasing an additional 275,168 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Allstate by 1.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,028,442 shares of the insurance provider’s stock worth $626,192,000 after acquiring an additional 49,793 shares in the last quarter. American Century Companies Inc. lifted its holdings in Allstate by 37.0% during the first quarter. American Century Companies Inc. now owns 4,341,890 shares of the insurance provider’s stock worth $601,395,000 after acquiring an additional 1,171,615 shares in the last quarter. Legal & General Group Plc lifted its holdings in Allstate by 0.8% during the second quarter. Legal & General Group Plc now owns 2,897,864 shares of the insurance provider’s stock worth $367,253,000 after acquiring an additional 22,466 shares in the last quarter. Finally, Boston Partners lifted its holdings in Allstate by 384.6% during the third quarter. Boston Partners now owns 2,707,454 shares of the insurance provider’s stock worth $337,094,000 after acquiring an additional 2,148,764 shares in the last quarter. 76.17% of the stock is currently owned by institutional investors.

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.

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