Discussion stirs around The Allstate Corporation (NYSE:ALL) this week; here is what analysts are saying.

June 14, 2018 - By Marie Mckinney

The Allstate Corporation (NYSE:ALL) LogoInvestors sentiment decreased to 0.81 in Q1 2018. Its down 0.15, from 0.96 in 2017Q4. It worsened, as 62 investors sold The Allstate Corporation shares while 314 reduced holdings. 78 funds opened positions while 228 raised stakes. 260.00 million shares or 2.34% less from 266.22 million shares in 2017Q4 were reported.
Laurion Mngmt Lp stated it has 39,451 shares or 0.03% of all its holdings. Linscomb And Williams reported 2,935 shares. Fdx Advsrs holds 0.04% or 14,171 shares. Delta Asset Mgmt Ltd Co Tn accumulated 0.02% or 1,622 shares. Principal Fincl Gp stated it has 0.19% in The Allstate Corporation (NYSE:ALL). Copeland Mngmt Limited Liability Company holds 0.2% or 32,235 shares. Wells Fargo & Mn stated it has 0.13% of its portfolio in The Allstate Corporation (NYSE:ALL). New Jersey-based Financial Architects has invested 0.01% in The Allstate Corporation (NYSE:ALL). Timber Hill Lc reported 2,269 shares. Unknown-based Mckinley Cap Management Ltd Liability Company Delaware has invested 0.92% in The Allstate Corporation (NYSE:ALL). Argyle Mngmt accumulated 26,920 shares or 1.01% of the stock. Jpmorgan Chase Co accumulated 0.03% or 1.25 million shares. Salzhauer Michael invested in 0.26% or 7,349 shares. Brinker holds 79,468 shares or 0.3% of its portfolio. Caisse De Depot Et Placement Du Quebec stated it has 0.01% in The Allstate Corporation (NYSE:ALL).

The Allstate Corporation (NYSE:ALL) Ratings Coverage

Among 8 analysts covering The Allstate Corporation (NYSE:ALL), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. The Allstate Corporation had 13 analyst reports since January 2, 2018 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Sunday, April 1. FBR Capital maintained it with “Hold” rating and $8400 target in Monday, April 16 report. Citigroup maintained the shares of ALL in report on Friday, February 16 with “Buy” rating. Argus Research maintained it with “Buy” rating and $115 target in Wednesday, May 9 report. Deutsche Bank maintained The Allstate Corporation (NYSE:ALL) rating on Friday, February 9. Deutsche Bank has “Hold” rating and $100 target. The rating was maintained by Citigroup on Tuesday, March 27 with “Buy”. The firm has “Buy” rating given on Friday, May 4 by Citigroup. The stock has “Buy” rating by Citigroup on Tuesday, April 10. Morgan Stanley maintained The Allstate Corporation (NYSE:ALL) rating on Wednesday, February 21. Morgan Stanley has “Equal-Weight” rating and $105 target. The rating was downgraded by Keefe Bruyette & Woods on Tuesday, January 2 to “Underperform”. Below is a list of The Allstate Corporation (NYSE:ALL) latest ratings and price target changes.

09/05/2018 Broker: Argus Research Old Rating: Buy New Rating: Buy Old Target: $110 New Target: $115 Maintain
04/05/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $113 New Target: $108 Maintain
16/04/2018 Broker: FBR Capital Rating: Hold New Target: $84.0000 Maintain
10/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $112 New Target: $110 Maintain
01/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $93.0000 Upgrade
27/03/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $111 New Target: $112 Maintain
21/02/2018 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $113 New Target: $105 Maintain
16/02/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $118 New Target: $111 Maintain
14/02/2018 Broker: Keefe Bruyette & Woods Rating: Sell New Target: $90.0 Maintain
09/02/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $102 New Target: $100 Maintain

The stock decreased 0.76% or $0.71 during the last trading session, reaching $92.56. About 638,447 shares traded. The Allstate Corporation (NYSE:ALL) has risen 10.63% since June 14, 2017 and is uptrending. It has underperformed by 1.94% the S&P500.

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 $32.53 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 11.07 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.

Another recent and important The Allstate Corporation (NYSE:ALL) news was published by Globenewswire.com which published an article titled: “New Research Coverage Highlights Accenture, Chico’s FAS, The Allstate, Sangamo Therapeutics, ABB, and First …” on June 13, 2018.

The Allstate Corporation (NYSE:ALL) Institutional Positions Chart

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