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Allstate (ALL) Receives a Hold from JMP Securities

In a report issued on July 18, Matthew Carletti from JMP Securities maintained a Hold rating on Allstate (ALLResearch Report). The company’s shares closed last Tuesday at $115.12.

According to TipRanks.com, Carletti is a 1-star analyst with an average return of -1.4% and a 53.3% 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 $142.10, which is a 22.1% upside from current levels. In a report issued on July 12, Jefferies also maintained a Hold rating on the stock with a $135.00 price target.

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Allstate’s market cap is currently $31.66B and has a P/E ratio of 9.37.

Based on the recent corporate insider activity of 47 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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