Allstate (NYSE: ALL)The share's share was contributed by investment analysts Wells Fargo & Co in a research note published on Tuesday. You currently have a target price of $ 94.00 for the insurer's stock. Wells Fargo & CoThe target price shows a potential upside potential of 0.48% over the company's previous closing price.
A number of other analysts recently published reports about the company. Edward Jones raised Allstate on Tuesday, Dec. 11, in a research note from a "sell" rating to a "hold" rating. ValuEngine In a report dated Wednesday, January 2, Allstate was reduced from a holding rating to a bottom line. Compass Point leaked Tuesday, January 15, in a report from Allstate. You set a buy recommendation and target price of $ 114.00 for the company. Credit Suisse Group lowered its price target for Allstate from $ 112.00 to $ 93.00 and announced the company on Thursday, December 20, a "buy" rating. Eventually, Argus lowered its target for Allstate from $ 115 to $ 106 and offered the company a buy recommendation on Wednesday, November 28. Eight investment analysts rated the stock with a hold rating and six gave a buy rating to the company. The stock currently has an average rating of "Hold" and an average price target of $ 100.73.
Shares of EVERYTHING opened at $ 93.55 on Tuesday. Allstate has a 52-week low of $ 77.00 and a 52-week high of $ 102.73. The company has a market capitalization of $ 31.24 billion, a price-earnings ratio of 11.59, a P / E / G ratio of 1.23 and a beta of 0.82. The company has a debt ratio of 0.33, a current rate of 0.27 and a fast rate of 0.26.
Allstate (NYSE: ALL) last published its results on Tuesday, February 5. The insurer reported earnings of $ 1.24 per share (EPS) for the quarter, outperforming analysts' consensus estimates of $ 1.01 by $ 0.23. Allstate had a return on equity of 14.00% and a net margin of 5.66%. The company generated $ 8.71 billion in revenue for the quarter, compared to a consensus estimate of $ 8.66 billion. In the same period last year, the company earned $ 2.09 per share. The company's quarterly revenue increased 6.2% year-on-year. On average, sell-side analysts predict that Allstate will achieve a gain of 9.28 per share for the current fiscal year.
Several hedge funds and other institutional investors have recently increased or reduced their interest in ALL. The Oregon Public Employees pension fund increased its holdings of Allstate by 8,063.9% in the fourth quarter. Oregon Public Employees' pension fund now owns 3,165,142 shares of the insurance company worth $ 38,000 after having acquired a further 3,126,372 shares during the period. BlackRock Inc. increased its Allstate holdings by 10.6% in the third quarter. BlackRock Inc. now owns 27,138,023 shares of the insurance company worth $ 2,678,525,000 after a further 2,608,827 shares were acquired during the period. Norges Bank acquired a new position in Allstate worth approximately $ 189,048,000 in the fourth quarter. Man Group plc increased its stake in Allstate by 121.3% in the third quarter. Man Group plc now owns 2,391,444 shares of the insurance company worth $ 236,035,000, following the acquisition of a further 1,310,781 shares during the period. Finally, the Bank of Montreal Can increased its holdings in Allstate by 65.3% in the fourth quarter. The Bank of Montreal Can now owns 2,957,927 shares of the insurance company worth $ 244,414,000, having acquired a further 1,168,707 shares during the period. Institutional investors and hedge funds hold 77.60% of the company's stock.
Allstate company profile
Through its subsidiaries, Allstate Corporation offers property and casualty insurance products and other insurance products in the United States and Canada. The company operates in the Allstate Protection, Service Business, Allstate Life and Allstate Benefits businesses. The Allstate Protection segment offers private car and homeowner insurance. Specialty products for motor vehicles, including motorcycle, trailer, motorhome and off-road motor vehicle insurance; other personal items such as tenant, condo, landlord, boat, umbrella and home insurance; and line products under the brand names Allstate, Esurance and Encompass.
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