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Allstate Receives Argus Hold Rating After Earnings and Revenue Beat

Allstate logoAllstate
Sig2.60Sen+1.70Env0.00Soc0.00Gov0.00

Argus restated its Hold rating on Allstate stock, while the insurer reported quarterly EPS of $8.99 versus a $6.06 consensus and revenue of $18.60 billion versus $15.46 billion. Analysts project $34.45 EPS for the fiscal year. Major shareholders including California State Teachers Retirement System added to their stakes, while insiders sold shares over the past 90 days.

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