Allstate (NYSE:ALL) was downgraded by stock analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a report released on Tuesday.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Allstate from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Tuesday, December 12th. Citigroup cut their price target on shares of Allstate from $107.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, October 2nd. Goldman Sachs Group initiated coverage on shares of Allstate in a report on Monday, December 4th. They issued a “neutral” rating and a $104.00 price target on the stock. B. Riley reissued a “neutral” rating on shares of Allstate in a report on Monday, November 6th. Finally, UBS Group raised their price target on shares of Allstate from $93.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Allstate has an average rating of “Hold” and a consensus target price of $96.43.
Shares of Allstate (NYSE ALL) traded down $0.51 during trading hours on Tuesday, reaching $100.43. 2,463,500 shares of the company were exchanged, compared to its average volume of 1,870,000. The stock has a market cap of $36,040.00, a PE ratio of 13.95, a PEG ratio of 1.62 and a beta of 1.12. Allstate has a one year low of $73.13 and a one year high of $105.36. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.26 and a current ratio of 0.26.
In other news, Chairman Thomas J. Wilson sold 195,000 shares of Allstate stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $99.13, for a total transaction of $19,330,350.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Suren Gupta sold 103,242 shares of Allstate stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $98.68, for a total transaction of $10,187,920.56. The disclosure for this sale can be found here. Insiders have sold a total of 432,242 shares of company stock worth $42,827,931 in the last ninety days. Insiders own 1.50% of the company’s stock.
A number of large investors have recently bought and sold shares of ALL. Arrow Financial Corp boosted its stake in Allstate by 100.0% during the third quarter. Arrow Financial Corp now owns 1,106 shares of the insurance provider’s stock worth $102,000 after acquiring an additional 553 shares in the last quarter. Sandy Spring Bank boosted its stake in Allstate by 2.5% during the second quarter. Sandy Spring Bank now owns 1,165 shares of the insurance provider’s stock worth $103,000 after acquiring an additional 28 shares in the last quarter. IHT Wealth Management LLC boosted its stake in Allstate by 46.6% during the second quarter. IHT Wealth Management LLC now owns 1,275 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 405 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new stake in Allstate during the third quarter worth about $116,000. Finally, Baker Ellis Asset Management LLC bought a new stake in Allstate during the third quarter worth about $120,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.
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Allstate Company Profile
The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business.
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