Jefferies analyst Yaron Kinar maintains $Allstate (ALL.US)$ with a buy rating, and maintains the target price at $267.
According to TipRanks data, the analyst has a success rate of 68.0% and a total average return of 11.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Allstate (ALL.US)$'s main analysts recently are as follows:
The expectation is that Allstate will experience growth in auto policy-in-force, or PIF, by 2025. Despite a projection of slower pricing, the competitive landscape is anticipated to remain 'relatively favorable,' which should facilitate efficient growth opportunities for Allstate in that timeframe.
The perspective on Allstate's performance is that the recent policy-in-force shortfall in the Auto sector is due to timing, influenced by renewal pressures from rates, which are anticipated to diminish. It's expected that robust new business will result in market share increases in both Auto and Home segments.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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