Ownership Action Don’t Lie: Institutional Investors Sentiment Indicator of Allstate Corp (NYSE:ALL) Drops in 2016 Q2

November 24, 2016 - By kentuckypostne   ·   0 Comments

Ownership Action Don't Lie: Institutional Investors Sentiment Indicator of Allstate Corp (NYSE:ALL)  Drops in  2016 Q2

Sentiment for Allstate Corp (NYSE:ALL)

Allstate Corp (NYSE:ALL) institutional sentiment increased to 0.86 in 2016 Q2. Its up 0.03, from 0.83 in 2016Q1. The ratio increased, as 280 active investment managers increased and opened new positions, while 338 reduced and sold stakes in Allstate Corp. The active investment managers in our partner’s database now hold: 271.38 million shares, down from 283.28 million shares in 2016Q1. Also, the number of active investment managers holding Allstate Corp in their top 10 positions increased from 16 to 17 for an increase of 1. Sold All: 60 Reduced: 278 Increased: 238 New Position: 42.

The Allstate Corporation is a holding firm for Allstate Insurance Company. The company has a market cap of $26.73 billion. The Firm and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries are engaged in the property-liability insurance and life insurance business. It has a 19.61 P/E ratio. Allstate operates in four business divisions: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other.

The stock increased 0.04% or $0.03 on November 23, hitting $72.4. About 1.85M shares traded hands. Allstate Corp (NYSE:ALL) has risen 10.13% since April 22, 2016 and is uptrending. It has outperformed by 4.72% the S&P500.

Analysts await Allstate Corp (NYSE:ALL) to report earnings on February, 2 before the open. They expect $1.57 EPS, down 1.88% or $0.03 from last year’s $1.6 per share. ALL’s profit will be $579.64M for 11.53 P/E if the $1.57 EPS becomes a reality. After $1.26 actual EPS reported by Allstate Corp for the previous quarter, Wall Street now forecasts 24.60% EPS growth.

According to Zacks Investment Research, “Allstate Corporation’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their subsidiaries. Allstate is engaged, principally in the United States and Canada, in the personal property and casualty insurance business and the life insurance and savings business. Allstate has four business segments: personal property and casualty; life and savings; discontinued lines and coverages; and corporate and other business.”

Taylor Asset Management Inc holds 8.41% of its portfolio in Allstate Corp for 421,600 shares. Wilsey Asset Management Inc owns 132,922 shares or 6.65% of their US portfolio. Moreover, Bruce & Co. Inc. has 5.97% invested in the company for 333,800 shares. The Virginia-based Edgar Lomax Co Va has invested 4.4% in the stock. F&V Capital Management Llc, a New York-based fund reported 77,875 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 8 insider sales for $9.52 million net activity.

Allstate Corp (NYSE:ALL) Ratings Coverage

Ratings analysis reveals 69% of The Allstate Corporation’s analysts are positive. Out of 13 Wall Street analysts rating The Allstate Corporation, 9 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $58 while the high is $78. The stock’s average target of $70.20 is -3.04% below today’s ($72.4) share price. ALL was included in 19 notes of analysts from August 4, 2015. The company was upgraded on Monday, September 21 by Sandler O’Neill. The rating was initiated by Piper Jaffray on Thursday, October 15 with “Overweight”. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, November 3. Deutsche Bank upgraded Allstate Corp (NYSE:ALL) on Monday, August 10 to “Hold” rating. The rating was maintained by Compass Point with “Neutral” on Wednesday, August 5. As per Wednesday, August 5, the company rating was upgraded by Macquarie Research. The stock has “Outperform” rating given by Macquarie Research on Tuesday, January 19. RBC Capital Markets downgraded Allstate Corp (NYSE:ALL) on Tuesday, August 4 to “Sector Perform” rating. Citigroup upgraded Allstate Corp (NYSE:ALL) rating on Friday, February 5. Citigroup has “Buy” rating and $72 price target. The stock has “Neutral” rating given by Goldman Sachs on Tuesday, August 4.

ALL Company Profile

The Allstate Corporation, incorporated on November 5, 1992, is a holding firm for Allstate Insurance Company. The Firm and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business. It offers its products in the United States and Canada. Allstate operates in four business divisions: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other. The Company’s principal geographic markets for auto, homeowners, and other personal property and casualty products are in the United States. Through its subsidiaries, it sells a range of personal property and casualty insurance products in approximately 50 states, the District of Columbia and Puerto Rico. It also sells personal property and casualty insurance products in Canada.

Another recent and important Allstate Corp (NYSE:ALL) news was published by Prnewswire.com which published an article titled: “Allstate’s Good Hands Rescue® App Offers Roadside Help Deal on one of the …” on November 16, 2016.

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