Short Interest Worth Watching: Does Allstate Corporation (NYSE:ALL) Have Gas After Even More Sellers Involved?

November 24, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Worth Watching: Does Allstate Corporation (NYSE:ALL) Have Gas After Even More Sellers Involved?

The stock of Allstate Corporation (NYSE:ALL) registered an increase of 25.89% in short interest. ALL’s total short interest was 5.75M shares in November as published by FINRA. Its up 25.89% from 4.57 million shares, reported previously. With 1.66M shares average volume, it will take short sellers 4 days to cover their ALL’s short positions. 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.

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.

Insitutional Activity: The institutional sentiment increased to 0.86 in 2016 Q2. Its up 0.03, from 0.83 in 2016Q1. The ratio increased, as 60 funds sold all Allstate Corp shares owned while 278 reduced positions. 42 funds bought stakes while 238 increased positions. They now own 271.38 million shares or 4.20% less from 283.28 million shares in 2016Q1.
Gofen Glossberg Ltd Liability Company Il accumulated 181,553 shares or 0.53% of the stock. Moreover, Palladium Limited Liability has 0.02% invested in Allstate Corp (NYSE:ALL) for 3,054 shares. Symphony Asset Management Ltd Llc, a California-based fund reported 9,050 shares. Murphy Management holds 0.1% of its portfolio in Allstate Corp (NYSE:ALL) for 9,594 shares. The New York-based Highbridge Management Limited Liability Corp has invested 0.02% in Allstate Corp (NYSE:ALL). Boston Advisors Limited Com last reported 42,345 shares in the company. Davenport And Ltd Liability Company holds 0% of its portfolio in Allstate Corp (NYSE:ALL) for 3,327 shares. Moreover, Ifrah Service has 0.11% invested in Allstate Corp (NYSE:ALL) for 3,886 shares. Breton Hill Capital Ltd accumulated 0.21% or 9,327 shares. The Texas-based Westwood Gp has invested 0.74% in Allstate Corp (NYSE:ALL). Afam accumulated 24,995 shares or 0.29% of the stock. Dana Advsrs last reported 0.01% of its portfolio in the stock. Rmb Capital Ltd Limited Liability Company, a Illinois-based fund reported 46 shares. Edgar Lomax Va owns 1.00M shares or 4.4% of their US portfolio. Moreover, Numeric has 1.94% invested in Allstate Corp (NYSE:ALL) for 3.11M shares.

Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 8 insider sales for $9.52 million net activity. Lees Susan L sold $200,580 worth of stock. The insider Winter Matthew E sold $1.83M. Gupta Sanjay sold $657,864 worth of Allstate Corp (NYSE:ALL) on Friday, November 18. Harty Harriet K also sold $465,311 worth of Allstate Corp (NYSE:ALL) on Friday, August 5. On Friday, June 3 the insider Shebik Steven E sold $1.35 million. 21,178 Allstate Corp (NYSE:ALL) shares with value of $1.53 million were sold by PILCH SAMUEL H.

Allstate Corp (NYSE:ALL) Ratings Coverage

Out of 13 analysts covering The Allstate Corporation (NYSE:ALL), 9 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 69% are positive. The Allstate Corporation has been the topic of 19 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by Citigroup to “Buy” on Friday, February 5. Piper Jaffray initiated the shares of ALL in a report on Thursday, October 15 with “Overweight” rating. The rating was downgraded by RBC Capital Markets on Tuesday, August 4 to “Sector Perform”. Macquarie Research upgraded Allstate Corp (NYSE:ALL) on Tuesday, January 19 to “Outperform” rating. The stock has “Outperform” rating given by Credit Suisse on Tuesday, November 3. Compass Point maintained it with “Neutral” rating and $66 target price in Wednesday, August 5 report. The stock of Allstate Corp (NYSE:ALL) earned “Buy” rating by Sandler O’Neill on Monday, September 21. As per Tuesday, August 4, the company rating was downgraded by Goldman Sachs. Macquarie Research upgraded the stock to “Neutral” rating in Wednesday, August 5 report. The rating was maintained by Deutsche Bank on Thursday, August 4 with “Buy”.

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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By Marguerite Chambers


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