Allstate Corp (NYSE:ALL) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: April 21, 2017
Zacks Investment Research has downgraded Allstate Corp (NYSE:ALL) to Hold in a statement released on Friday April 21, 2017.
Displaying a price of $80.15, Allstate Corp (NYSE:ALL) traded -0.51% lower on the day. With the last stock price up 6.13% from the two hundred day average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. Allstate Corp has recorded a 50-day average of $81.48 and a two hundred day average of $75.13. Trading volume was down over the average, with 809,907 shares of ALL changing hands under the typical 1,819,310
With a total market value of $0, Allstate Corp has P/E ratio of 17.07 with a 52 week low of $64.36 and a 52 week high of $83.09 .
In addition to Zacks Investment Research reporting its stock price target, a total of 20 brokerages have released a research note on ALL. The one year target is $73.20 with seven analysts rating the company a strong buy, ten analysts rating the company a buy, 9 firms rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 1 brokerage rating the stock a sell.
Brief Synopsis On Allstate Corp (NYSE:ALL)
The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company's business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries. It is engaged in the property-liability insurance business and the life insurance, retirement and investment products business. Its segments include Allstate Protection, Allstate Financial, Discontinued Lines and Coverages, and Corporate and Other. The Allstate Protection segment sells private passenger auto, homeowners, and other property-liability insurance products through agencies and directly through contact centers and the Internet. The Allstate Financial segment sells life insurance and voluntary accident and health insurance products. The Corporate and Other segment consists of holding company activities and certain non-insurance operations. Its Discontinued Lines and Coverages segment includes results from property-liability insurance coverage.
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