Allstate Corp (ALL) is Reiterated by Deutsche Bank to Buy, Raises Price Target to $ 79

Allstate Corp (ALL) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 79 from a previous price target of $71 . Deutsche Bank advised their investors in a research report released on May 9, 2016.

On the company’s financial health, Allstate Corp reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.68. The company had revenue of $7723.00 million for the quarter, compared to analysts expectations of $7765.30 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS.

Allstate Corp closed down -0.77 points or -1.13% at $67.1 with 22,13,634 shares getting traded on Friday. Post opening the session at $67.5, the shares hit an intraday low of $66.58 and an intraday high of $67.55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 30, 2016, Mary Alice Taylor (director) sold 3,300 shares at $66.92 per share price. According to the SEC, on Nov 9, 2015, Susan L Lees (EVP, General Counsel & Sec.) sold 3,038 shares at $63.22 per share price. On Nov 9, 2015, Steven E Shebik (EVP & Chief Financial Officer) sold 9,000 shares at $63.56 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Allstate Corp

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