TOday’s Movers: Allstate (NYSE:ALL) Stock Rating Reconfirmed by B. Riley FBR; $88 Target Price Indicates -5.85 % Potential

July 16, 2018 - By Robert Shackelford

The Allstate Corporation (NYSE:ALL) Logo

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.15, from 0.96 in 2017Q4. It is negative, 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.

Omers Administration Corporation accumulated 70,400 shares or 0.06% of the stock. Caisse De Depot Et Placement Du Quebec has 51,360 shares. Fulton Savings Bank Na owns 14,694 shares. Ballentine Partners Lc owns 6,252 shares or 0.03% of their US portfolio. Guggenheim Cap Limited Co, Illinois-based fund reported 530,877 shares. Vident Advisory invested in 0.17% or 43,317 shares. Comerica Securities Incorporated reported 4,229 shares. First Republic Management has invested 0.03% of its portfolio in The Allstate Corporation (NYSE:ALL). Jolley Asset Management Limited Liability Corp reported 0.03% stake. 201,779 are held by Us Bancorp De. Janney Montgomery Scott Ltd Liability, Pennsylvania-based fund reported 34,526 shares. State Board Of Administration Of Florida Retirement Systems accumulated 0.14% or 545,941 shares. Pictet Asset Mgmt reported 512,714 shares. Pittenger & Anderson Inc accumulated 30,200 shares or 0.25% of the stock. Gotham Asset Mgmt Ltd Limited Liability Company holds 0.03% of its portfolio in The Allstate Corporation (NYSE:ALL) for 22,602 shares.

Allstate (NYSE:ALL) Rating Reaffirmed

Research professionals at B. Riley FBR now has a $88 target price per share on Allstate (NYSE:ALL). B. Riley FBR and their recent target price per share gives a potential downside of -5.85 % from the company’s close price. The rating has been shown in a research report on Monday morning.

The Allstate Corporation (NYSE:ALL) Ratings Coverage

Among 7 analysts covering Allstate (NYSE:ALL), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Allstate has $115 highest and $8400 lowest target. $102.29’s average target is 9.44% above currents $93.47 stock price. Allstate had 11 analyst reports since February 8, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Sunday, April 1 by Keefe Bruyette & Woods. The rating was maintained by Citigroup with “Buy” on Tuesday, April 10. The company was maintained on Wednesday, February 21 by Morgan Stanley. Argus Research maintained the stock with “Buy” rating in Wednesday, May 9 report. Bank of America maintained the stock with “Buy” rating in Thursday, February 8 report. Citigroup maintained The Allstate Corporation (NYSE:ALL) on Tuesday, March 27 with “Buy” rating. The firm earned “Hold” rating on Monday, April 16 by FBR Capital. As per Friday, February 16, the company rating was maintained by Citigroup. As per Friday, February 9, the company rating was maintained by Deutsche Bank. The stock of The Allstate Corporation (NYSE:ALL) has “Sell” rating given on Wednesday, February 14 by Keefe Bruyette & Woods.

The stock increased 0.69% or $0.64 during the last trading session, reaching $93.47. About 778,297 shares traded. The Allstate Corporation (NYSE:ALL) has risen 10.63% since July 16, 2017 and is uptrending. It has underperformed by 1.94% the S&P500.

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on August, 1 after the close. They expect $1.62 EPS, up 17.39 % or $0.24 from last year’s $1.38 per share. ALL’s profit will be $569.42M for 14.42 P/E if the $1.62 EPS becomes a reality. After $2.96 actual EPS reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts -45.27 % negative EPS growth.

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 $32.85 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 10.16 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 Allstate Corporation (NYSE:ALL) Institutional Positions Chart

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