NEW YORK (TheStreet) -- Shares of Allstate Corp (ALL) are declining, down 0.23% to $66.43 in early market trading Monday, after holding company had its rating lowered to "market perform" from "outperform" by analysts at Keefe, Bruyette & Woods this morning.
Analysts at the firm maintained its price target of $70 on shares.
Northbrook, IL-based Allstate is engaged in property-liability insurance, life insurance, retirement and investment product business, and operated in the U.S. and Canada through its subsidiaries.
Must Read: Warren Buffett's 25 Favorite Stocks
The company sells private passenger automobile and homeowners insurance through independent and specialized brokers, and also sells life insurance, annuity, and group pension products through agents.
Separately, TheStreet Ratings team rates ALLSTATE CORP as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALLSTATE CORP (ALL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow."