Allstate (ALL) Gets a Hold Rating from Evercore ISI

Evercore ISI analyst David Motemaden maintained a Hold rating on Allstate (ALLResearch Report) on June 17 and set a price target of $138.00. The company’s shares closed last Friday at $120.56.

According to TipRanks.com, Motemaden is a 3-star analyst with an average return of 1.9% and a 46.6% success rate. Motemaden covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, W. R. Berkley Corporation, and Arthur J Gallagher & Co.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allstate with a $147.10 average 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 1.85M.

Based on the recent corporate insider activity of 46 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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