Investment analysts at FBR Capital (NASDAQ: FBCM) boosted their price target on shares of Allstate (NYSE: ALL) from $32.00 to $35.00 in a note issued to investors on Thursday. They currently have an “outperform” rating on the company’s shares.
Separately, analysts at Atlantic Equities downgraded shares of Allstate from a “neutral” rating to an “underweight” rating in a research note to investors on Friday, January 27th. Analysts at William Blair initiated coverage on shares of Allstate in a research note to investors on Thursday, January 26th. They set an “outperform” rating on the stock. Also, analysts at Goldman Sachs (NYSE: GS) reiterated a “sell” rating on shares of Allstate in a research note to investors on Monday, January 9th.
The Allstate Corporation is a holding company of Allstate Insurance Company. The Company’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their affiliates (collectively, including The Allstate Corporation, Allstate). Allstate is primarily engaged in the personal property and casualty insurance business, and the life insurance, retirement and investment products business. It conducts its business primarily in the United States. Customers can access Allstate products and services, such as auto insurance and homeowners insurance through more than 14,000 Allstate agencies and financial representatives in the United States and Canada. The Company operates in four business segments: Allstate Protection, Allstate Financial, Discontinued Lines and Coverages, and Corporate and Other.
Shares of Allstate opened at 29.31 on Thursday. Allstate has a 52 week low of $22.27 and a 52 week high of $34.40. The stock’s 50-day moving average is $28.19 and its 200-day moving average is $26.31. The company has a market cap of $14.812 billion and a P/E ratio of 42.85.
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