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J.P. Morgan Believes Allstate (ALL) Won’t Stop Here

J.P. Morgan analyst Jimmy Bhullar maintained a Buy rating on Allstate (ALLResearch Report) on April 1 and set a price target of $148.00. The company’s shares closed last Friday at $139.54, close to its 52-week high of $141.82.

According to TipRanks.com, Bhullar is a 4-star analyst with an average return of 8.5% and a 57.8% success rate. Bhullar covers the Financial sector, focusing on stocks such as Marsh & Mclennan Companies, Brighthouse Financial, and Prudential Financial.

Allstate has an analyst consensus of Moderate Buy, with a price target consensus of $137.60, implying a -1.4% downside from current levels. In a report issued on March 18, Raymond James also maintained a Buy rating on the stock with a $165.00 price target.

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The company has a one-year high of $141.82 and a one-year low of $106.11. Currently, Allstate has an average volume of 2.39M.

Based on the recent corporate insider activity of 44 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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