Short Term Price Target on Allstate Corporation (The) (ALL)

Allstate Corporation (The) (NYSE:ALL) : The most positive equity analysts on Allstate Corporation (The) (NYSE:ALL) expects the shares to touch $78, whereas, the least positive believes that the stock will trade at $56 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $69.73 with an expected fluctuation of $5.95 from the mean.

Shares of The Allstate Corporation rose by 3.08% in the last five trading days and 3.72% for the last 4 weeks. The Allstate Corporation is up 3.02% in the last 3-month period. Year-to-Date the stock performance stands at 13.8%.

Allstate Corporation (The) (NYSE:ALL) : 16 analysts are covering Allstate Corporation (The) (NYSE:ALL) and their average rating on the stock is 1.81, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Allstate Corporation (The) (NYSE:ALL) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Allstate Corporation (The) (NYSE:ALL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $68.54 and $68.52 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $69.95, notching a gain of 2.16% for the day. The total traded volume was 2,637,984 . The stock had closed at $68.47 on the previous day.

In an insider trading activity,The officer (EVP & Chief Financial Officer) of Allstate Corp, Shebik Steven E sold 20,000 shares at $67.46 on June 3, 2016. The Insider selling transaction had a total value worth of $1,349,200. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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