allstate said wednesday that catastrophe losses for the second quarter totaled 111 billion pretax with catastrophe losses for june of 356 million or 281 million aftertax inflationary trends continue to adversely impact current and prior report year claim severity and loss reserve estimates allstate said at 1139 am et the companys stock had fallen 7 to trade at 11377 a share raymond james on thursday cut its price target on allstate shares to 155 a share from 165 barclays cut its price target to 123 a share from 132 and wells fargo cuts its price target to 110 a share form 116 as reported by benzinga