Allstate stock is trading -6.81% below its average target price of $149.77 after dropping -1.2% during today's morning session. Analysts are giving the large-cap Property & Casualty Insurance company an average rating of buy and target prices ranging from $100 to $188 per share.
The stock has a very low short interest at 1.2%, and a short ratio of 2.16. The company's insiders own 0.64% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 81.2% of Allstate's shares being owned by this investor type.
Institutions Invested in Allstate
|Vanguard Group, Inc. (The)||25,700,343||2022-09-29||10%||$3,586,739,806|
|State Street Corporation||12,363,707||2022-09-29||5%||$1,725,478,918|
|Geode Capital Management, LLC||5,768,626||2022-09-29||2%||$805,069,430|
|Charles Schwab Investment Management, Inc.||5,465,125||2022-09-29||2%||$762,712,831|
|Barrow, Hanley Mewhinney & Strauss, LLC||5,028,442||2022-09-29||2%||$701,769,353|
|American Century Companies, Inc.||4,854,350||2022-09-29||2%||$677,473,074|
|Northern Trust Corporation||3,752,983||2022-09-29||1%||$523,766,298|
|Deutsche Bank Aktiengesellschaft||3,416,362||2022-09-29||1%||$476,787,472|
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Allstate.