Price Target Update on Allstate Corporation (The) (NYSE:ALL)

Allstate Corporation (The) (NYSE:ALL) : The consensus price target for Allstate Corporation (The) (NYSE:ALL) is $69.73 for the short term with a standard deviation of $5.95. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $78, however, the pessimist price target for the company is $56.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Citigroup upgrades its rating on Allstate Corporation (The) (NYSE:ALL).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. In a recent information released to the investors, Citigroup raises the price target of $72 per share. The rating by the firm was issued on February 5, 2016.

Allstate Corporation (The) (NYSE:ALL): stock turned positive on Thursday. Though the stock opened at $67.61, the bulls momentum made the stock top out at $67.86 level for the day. The stock recorded a low of $67.42 and closed the trading day at $67.86, in the green by 1.25%. The total traded volume for the day was 2,030,630. The stock had closed at $67.02 in the previous days trading.

The company shares have rallied 3.06% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $69.48 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $67.17 and the 200 Day Moving Average price is recorded at $64.51. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Shebik Steven E, officer (EVP & Chief Financial Officer) of Allstate Corp, had unloaded 20,000 shares at an average price of $67.46 in a transaction dated on June 3, 2016. The total value of the transaction was worth $1,349,200.

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.

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