Allstate Corporation (The) (ALL) has been under a strong bear grip, hence the stock is down -3.58% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.32% in the past 1 week. The stock has risen by 0.75% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.18% in the past 4 weeks.
Allstate Corporation (The) (NYSE:ALL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.72 and $68.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $68.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.84, notching a gain of 0.32% for the day. The total traded volume was 1,620,169 . The stock had closed at $68.62 on the previous day.
The stock has recorded a 20-day Moving Average of 0.33% and the 50-Day Moving Average is 1.04%. The Allstate Corporation is up 3.1% in the last 3-month period. Year-to-Date the stock performance stands at 11.99%.
Allstate Corporation (The) (ALL) : The consensus price target for Allstate Corporation (The) (ALL) is $72 for the short term with a standard deviation of $4.92. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $80, however, the pessimist price target for the company is $66.
The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business. It offers its products in the United States and Canada. Allstate operates in four business segments: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other. The principal geographic markets for its auto, homeowners, and other personal property and casualty products are in the United States. Through its subsidiaries, it sells various types of personal property and casualty insurance products in around 50 states, the District of Columbia and Puerto Rico. It sells private passenger auto and homeowners insurance through agencies, contact centers and Internet. It sells these products under Allstate, Esurance and Encompass brand names.