Allstate (ALL – Research Report) received a Sell rating and a $105.00 price target from Wells Fargo analyst Elyse Greenspan today. The company’s shares closed last Thursday at $122.33.
According to TipRanks.com, Greenspan is a 5-star analyst with an average return of 11.2% and a 65.4% success rate. Greenspan covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and United Insurance Holdings.
Currently, the analyst consensus on Allstate is a Hold with an average price target of $124.50.
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Based on Allstate’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $12.48 billion and net profit of $538 million. In comparison, last year the company earned revenue of $10.68 billion and had a net profit of $1.15 billion.
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The Allstate Corporation is an insurance company which offers property & casualty (P&C), and other insurance products in the United States and Canada. The company is the third-largest P&C insurer and the largest publicly-held personal lines carrier in the United States. It also provides a range of life insurance and investment products.
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