Allstate (NYSE:ALL) Given New $200.00 Price Target at JPMorgan Chase & Co.

Allstate (NYSE:ALL) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $193.00 to $200.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the insurance provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 22.19% from the stock’s current price.

Several other research firms have also recently weighed in on ALL. Roth Mkm raised their price objective on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 8th. The Goldman Sachs Group lifted their price target on shares of Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. StockNews.com cut shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Monday, June 3rd. Morgan Stanley lowered their price target on shares of Allstate from $205.00 to $200.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Evercore ISI lifted their price target on shares of Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.88.

Allstate Trading Up 1.0 %

ALL opened at $163.68 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $43.20 billion, a PE ratio of 36.13, a PEG ratio of 1.88 and a beta of 0.48. Allstate has a 1-year low of $100.57 and a 1-year high of $177.37. The firm has a 50-day moving average price of $163.63 and a two-hundred day moving average price of $161.43.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, beating the consensus estimate of $4.11 by $1.02. The firm had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 14.44%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted ($1.30) EPS. As a group, equities analysts anticipate that Allstate will post 12.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Allstate

Institutional investors have recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. acquired a new position in Allstate during the first quarter worth $25,000. Rise Advisors LLC acquired a new position in shares of Allstate in the first quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Allstate in the first quarter valued at $26,000. Private Wealth Management Group LLC acquired a new position in shares of Allstate in the fourth quarter valued at $25,000. Finally, Versant Capital Management Inc increased its holdings in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.