Zacks Reiterates Neutral Rating for Allstate Corp. (ALL)
Allstate Corp. (NYSE:ALL)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Friday, Analyst Ratings Net reports. They currently have a $55.00 target price on the stock. Zacks‘ price objective points to a potential upside of 5.04% from the stock’s previous close.
In other Allstate Corp. news, Insider Matthew Winter sold 4,923 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $51.07, for a total transaction of $251,417.61. Following the transaction, the insider now directly owns 30,538 shares of the company’s stock, valued at approximately $1,559,576. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Allstate Corp. (NYSE:ALL) traded up 0.53% on Friday, hitting $52.64. The stock had a trading volume of 2,947,339 shares. Allstate Corp. has a 52-week low of $44.89 and a 52-week high of $54.84. The stock’s 50-day moving average is $52.72 and its 200-day moving average is $52.05. The company has a market cap of $23.943 billion and a price-to-earnings ratio of 13.49.
Allstate Corp. (NYSE:ALL) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.37 by $0.33. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.55 million. During the same quarter last year, the company posted $0.59 earnings per share. Allstate Corp.’s revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that Allstate Corp. will post $5.24 earnings per share for the current fiscal year.
The Allstate Corporation (NYSE:ALL) is a holding company for Allstate Insurance Company.
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