Allstate Corp (NYSE:ALL) Institutional Investor Sentiment Is 0.96

April 25, 2018 - By Peter Erickson

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Sentiment for Allstate Corp (NYSE:ALL)

Allstate Corp (NYSE:ALL) institutional sentiment increased to 0.96 in 2017 Q4. Its up 0.05, from 0.91 in 2017Q3. The ratio is more positive, as 337 investment professionals opened new and increased stock positions, while 351 trimmed and sold stock positions in Allstate Corp. The investment professionals in our partner’s database now own: 266.22 million shares, up from 263.23 million shares in 2017Q3. Also, the number of investment professionals holding Allstate Corp in their top 10 stock positions increased from 15 to 17 for an increase of 2. Sold All: 43 Reduced: 308 Increased: 236 New Position: 101.

The Allstate Corporation, together with its subsidiaries, engages in property-liability insurance and life insurance business in the United States and Canada. The company has market cap of $34.29 billion. The companyÂ’s Allstate Protection segment sells private passenger auto, homeowners, and other property-liability insurance products under the Allstate, Esurance, and Encompass brand names. It has a 11.62 P/E ratio. It also offers specialty auto products including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; commercial lines products for small business owners; roadside assistance products; service contracts; and other products sold in conjunction with auto lending and vehicle sales transactions.

The stock decreased 0.29% or $0.28 during the last trading session, reaching $97.11. About 1.29 million shares traded. The Allstate Corporation (NYSE:ALL) has risen 15.17% since April 25, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on May, 1 after the close. They expect $2.40 EPS, up 46.34 % or $0.76 from last year’s $1.64 per share. ALL’s profit will be $847.53 million for 10.12 P/E if the $2.40 EPS becomes a reality. After $2.09 actual EPS reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts 14.83 % EPS growth.

Taylor Asset Management Inc holds 11.05% of its portfolio in The Allstate Corporation for 300,800 shares. Rr Partners Lp owns 1.42 million shares or 9.89% of their US portfolio. Moreover, Bruce & Co. Inc. has 7.57% invested in the company for 333,800 shares. The California-based Wilsey Asset Management Inc has invested 7.42% in the stock. Edgar Lomax Co Va, a Virginia-based fund reported 822,876 shares.

The Allstate Corporation (NYSE:ALL) Ratings Coverage

Ratings analysis reveals 27% of Allstate’s analysts are positive. Out of 11 Wall Street analysts rating Allstate, 3 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $8400 while the high is $112. The stock’s average target of $100.44 is 3.43% above today’s ($97.11) share price. ALL was included in 15 notes of analysts from November 2, 2017. The stock of The Allstate Corporation (NYSE:ALL) has “Underperform” rating given on Tuesday, January 2 by Keefe Bruyette & Woods. On Thursday, February 8 the stock rating was maintained by Bank of America with “Buy”. Citigroup maintained The Allstate Corporation (NYSE:ALL) rating on Tuesday, April 10. Citigroup has “Buy” rating and $110 target. The stock of The Allstate Corporation (NYSE:ALL) earned “Buy” rating by Citigroup on Tuesday, March 27. The firm has “Sell” rating given on Wednesday, February 14 by Keefe Bruyette & Woods. On Friday, February 9 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of The Allstate Corporation (NYSE:ALL) has “Equal-Weight” rating given on Wednesday, February 21 by Morgan Stanley. The firm has “Buy” rating by Citigroup given on Friday, February 16. The firm has “Neutral” rating by Credit Suisse given on Thursday, November 2. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, January 9.

The Allstate Corporation (NYSE:ALL) Institutional Positions Chart

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