In a report issued on May 16, Matthew Carletti from JMP Securities maintained a Hold rating on Allstate (ALL – Research Report). The company’s shares closed last Wednesday at $129.48.
According to TipRanks.com, Carletti is a 3-star analyst with an average return of 2.6% and a 55.9% success rate. Carletti covers the Financial sector, focusing on stocks such as Argo Group International Holdings, Heritage Insurance Holdings, and Old Republic International.
Allstate has an analyst consensus of Moderate Buy, with a price target consensus of $149.33, representing a 16.2% upside. In a report issued on May 9, Barclays also maintained a Hold rating on the stock with a $132.00 price target.
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The company has a one-year high of $144.46 and a one-year low of $106.11. Currently, Allstate has an average volume of 2M.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALL in relation to earlier this year.
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The Allstate Corporation is an insurance company which offers property & casualty (P&C), and other insurance products in the United States and Canada. The company is the third-largest P&C insurer and the largest publicly-held personal lines carrier in the United States. It also provides a range of life insurance and investment products.
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