Barclays Maintains Allstate Corp to Overweight with Price Target $79.00

Brokerage firm Barclays Maintains its rating on Allstate Corp(NYSE:ALL). In a research note issued to the investors, the brokerage major Raises the price-target to $79.00 per share. The shares have been rated Overweight. The rating by Barclays was issued on Sep 30, 2016.

In a different note, On Aug 4, 2016, Deutsche Bank said it Maintains its rating on Allstate Corp. In the research note, the firm Raises the price-target to $77.00 per share. The shares have been rated ‘Buy’ by the firm.

Allstate Corp (ALL) shares turned negative on Tuesdays trading session with the shares closing down -0.56 points or -0.82% at a volume of 36,55,309. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $68.27. The peak price level was also seen at $68.27 while the days lowest was $67.12. Finally the shares closed at $67.84. The 52-week high of the shares is $70.38 while the 52-week low is $56.03. According to the latest information available, the market cap of the company is $25,200 M.

Allstate Corp(ALL) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $9.16B. Analysts had an estimated revenue of $8.15B. Earnings per share were $0.62. Analysts had estimated an EPS of $0.57.

Several Insider Transactions has been reported to the SEC. On Sep 12, 2016, Susan L Lees (EVP, General Counsel & Sec.) sold 2,895 shares at $69.29 per share price.Also, On Aug 10, 2016, Steven E Shebik (EVP & Chief Financial Officer) sold 41,334 shares at $68.86 per share price.On May 10, 2016, Judith A Sprieser (director) sold 4,000 shares at $66.92 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.

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