Allstate (NYSE:ALL) Food Marketing merges has reportedly agreed to merge with Harvest Foods.

Allstate (NYSE:ALL) Food Marketing, a subsidiary of Illinois based second largest personal lines insurer, Allstate (NYSE:ALL), has reportedly decided to merge with Harvest foods.

Allstate (NYSE:ALL) Food Marketing president David Murphy, said, “The cultural fit between our two organizations will only make us stronger. What I am most excited about is this is still a people business and this reinforces that fact that we have the best people in the business.”

Allstate (NYSE:ALL) shares were at 28.68 at the end of the last day’s trading. There’s been a 18.0% change in the stock price over the past 3 months.

Allstate (NYSE:ALL) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.04
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.24
Zack’s Rank: 51 out of 56 in the industry