Keefe, Bruyette & Woods Issues Positive Forecast for Allstate (NYSE:ALL) Stock Price

Allstate (NYSE:ALL) had its price target upped by Keefe, Bruyette & Woods from $235.00 to $240.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 26.73% from the company’s current price.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group raised their price target on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Piper Sandler raised their target price on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. The Goldman Sachs Group boosted their price target on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company raised their price objective on Allstate from $186.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Finally, BMO Capital Markets upped their target price on Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $217.94.

Allstate Trading Down 0.0 %

Shares of NYSE:ALL opened at $189.38 on Tuesday. Allstate has a 12-month low of $153.87 and a 12-month high of $209.88. The business has a 50 day moving average of $191.77 and a 200-day moving average of $189.48. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The stock has a market cap of $50.15 billion, a PE ratio of 11.15, a P/E/G ratio of 1.47 and a beta of 0.52.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. As a group, equities research analysts forecast that Allstate will post 18.64 earnings per share for the current year.

Insider Activity at Allstate

In other Allstate news, CFO Jesse E. Merten sold 40,102 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the transaction, the chief financial officer now owns 18,115 shares of the company’s stock, valued at $3,378,990.95. This represents a 68.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Allstate

Several hedge funds and other institutional investors have recently made changes to their positions in ALL. VSM Wealth Advisory LLC bought a new stake in Allstate during the 4th quarter worth approximately $25,000. FSA Wealth Management LLC acquired a new position in shares of Allstate during the third quarter worth $26,000. Twin Tree Management LP bought a new stake in shares of Allstate in the fourth quarter worth $27,000. Northwest Investment Counselors LLC acquired a new stake in Allstate in the third quarter valued at $28,000. Finally, Catalyst Capital Advisors LLC bought a new position in Allstate during the 3rd quarter worth $29,000. 76.47% of the stock is currently owned by institutional investors.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.