Barclays Sticks to Its Sell Rating for Allstate (ALL)

Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter

According to TipRanks, Scott is a 4-star analyst with an average return of 4.2% and a 49.34% success rate. Scott covers the Financial sector, focusing on stocks such as Allstate, Arthur J Gallagher & Co, and Principal Financial.

Currently, the analyst consensus on Allstate is a Moderate Buy with an average price target of $237.58.

Based on Allstate’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $16.94 billion and a net profit of $2.46 billion. In comparison, last year the company earned a revenue of $16.26 billion and had a net profit of $595 million

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALL in relation to earlier this year. Earlier this month, Andrea Redmond, a Director at ALL sold 2,225.00 shares for a total of $451,474.75.