January 11, 2017 - By Ellis Scott · 0 Comments
Allstate Corp (NYSE:ALL) institutional sentiment increased to 0.86 in Q3 2016. Its up 0.03, from 0.83 in 2016Q2. The ratio improved, as 285 investment managers started new and increased positions, while 332 decreased and sold stock positions in Allstate Corp. The investment managers in our partner’s database now own: 269.42 million shares, down from 271.38 million shares in 2016Q2. Also, the number of investment managers holding Allstate Corp in their top 10 positions decreased from 17 to 15 for a decrease of 2. Sold All: 57 Reduced: 275 Increased: 226 New Position: 59.
The Allstate Corporation is a holding firm for Allstate Insurance Company. The company has a market cap of $27.44 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 20 P/E ratio. Allstate operates in four business divisions: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other.
About 1.33M shares traded hands. Allstate Corp (NYSE:ALL) has risen 9.37% since June 7, 2016 and is uptrending. It has outperformed by 1.95% the S&P500.
Analysts await Allstate Corp (NYSE:ALL) to report earnings on February, 2 before the open. They expect $1.57 earnings per share, down 1.88% or $0.03 from last year’s $1.6 per share. ALL’s profit will be $583.36 million for 11.76 P/E if the $1.57 EPS becomes a reality. After $1.26 actual earnings per share 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 8.84% of its portfolio in Allstate Corp for 436,100 shares. Wilsey Asset Management Inc owns 131,110 shares or 6.84% of their US portfolio. Moreover, Bruce & Co. Inc. has 6.13% invested in the company for 333,800 shares. The Virginia-based Edgar Lomax Co Va has invested 4.3% in the stock. F&V Capital Management Llc, a New York-based fund reported 79,695 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 10 insider sales for $14.41 million net activity.
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 -4.93% below today’s ($73.84) share price. ALL was included in 21 notes of analysts from August 4, 2015. As per Tuesday, August 4, the company rating was downgraded by Goldman Sachs. The firm has “Outperform” rating given on Tuesday, January 19 by Macquarie Research. The stock has “Neutral” rating given by Macquarie Research on Wednesday, August 5. The stock of Allstate Corp (NYSE:ALL) has “Sector Perform” rating given on Friday, February 5 by RBC Capital Markets. The stock has “Outperform” rating given by Credit Suisse on Tuesday, November 3. The firm has “Buy” rating given on Thursday, August 4 by Deutsche Bank. Citigroup upgraded Allstate Corp (NYSE:ALL) rating on Friday, February 5. Citigroup has “Buy” rating and $72 price target. As per Tuesday, August 4, the company rating was downgraded by RBC Capital Markets. The company was upgraded on Tuesday, December 1 by Citigroup. On Wednesday, August 5 the stock rating was maintained by Compass Point with “Neutral”.
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.
More recent Allstate Corp (NYSE:ALL) news were published by: Chicagotribune.com which released: “Allstate reveals 5 years of losses at company it recently bought for $1.4B” on January 04, 2017. Also Equitiesfocus.com published the news titled: “Allstate Corp (NYSE:ALL) To Pay Dividend Of $0.33” on January 11, 2017. Equitiesfocus.com‘s news article titled: “Allstate Corp (NYSE:ALL)’s Basic Consolidated EPS Came In At $5.4126” with publication date: January 09, 2017 was also an interesting one.
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By Ellis Scott