Are Analysts Bearish The Allstate Corporation (NYSE:ALL) After Last Week?

April 24, 2018 - By Linda Rogers

The Allstate Corporation (NYSE:ALL) LogoInvestors sentiment increased to 0.96 in 2017 Q4. Its up 0.05, from 0.91 in 2017Q3. It increased, as 43 investors sold The Allstate Corporation shares while 308 reduced holdings. 101 funds opened positions while 236 raised stakes. 266.22 million shares or 1.14% more from 263.23 million shares in 2017Q3 were reported.
71,530 are held by F&V Management Limited Liability Corporation. Alpine Woods Invsts Ltd Company holds 2,070 shares or 0.01% of its portfolio. Checchi Capital Advisers Limited Liability Com owns 3,540 shares. Farmers Savings Bank reported 2,274 shares. Aviance Cap Ptnrs reported 20,376 shares. Ar Asset Management Inc has invested 0.08% in The Allstate Corporation (NYSE:ALL). Element Management Ltd Liability Com accumulated 0.57% or 221,466 shares. State Of New Jersey Common Pension Fund D has 261,054 shares for 0.1% of their portfolio. Service Automobile Association invested in 586,700 shares or 0.17% of the stock. Alphaone Invest Limited Company invested 0.04% of its portfolio in The Allstate Corporation (NYSE:ALL). Brave Asset Mngmt Inc reported 9,650 shares. Parallax Volatility Advisers L P reported 8,960 shares or 0% of all its holdings. Moreover, Metropolitan Life Insur Communications New York has 0.08% invested in The Allstate Corporation (NYSE:ALL) for 59,899 shares. Cubist Systematic Strategies Lc has 0.13% invested in The Allstate Corporation (NYSE:ALL) for 24,042 shares. Argi Investment Services Llc accumulated 3,961 shares.

The Allstate Corporation (NYSE:ALL) Ratings Coverage

Among 11 analysts covering Allstate (NYSE:ALL), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. Allstate had 15 analyst reports since November 2, 2017 according to SRatingsIntel. Keefe Bruyette & Woods downgraded the stock to “Underperform” rating in Tuesday, January 2 report. FBR Capital maintained The Allstate Corporation (NYSE:ALL) rating on Monday, April 16. FBR Capital has “Hold” rating and $8400 target. The rating was maintained by Citigroup on Tuesday, March 27 with “Buy”. As per Friday, February 16, the company rating was maintained by Citigroup. The rating was maintained by Deutsche Bank on Friday, February 9 with “Hold”. Bank of America maintained The Allstate Corporation (NYSE:ALL) on Thursday, February 8 with “Buy” rating. Credit Suisse maintained The Allstate Corporation (NYSE:ALL) rating on Thursday, November 2. Credit Suisse has “Neutral” rating and $95 target. On Tuesday, April 10 the stock rating was maintained by Citigroup with “Buy”. UBS maintained The Allstate Corporation (NYSE:ALL) on Monday, November 6 with “Neutral” rating. Keefe Bruyette & Woods upgraded The Allstate Corporation (NYSE:ALL) rating on Sunday, April 1. Keefe Bruyette & Woods has “Hold” rating and $9300 target. Below is a list of The Allstate Corporation (NYSE:ALL) latest ratings and price target changes.

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
08/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $116 New Target: $111 Maintain
09/01/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Market Perform Downgrade

The stock increased 0.31% or $0.3 during the last trading session, reaching $98.61. About 1.53 million shares traded. The Allstate Corporation (NYSE:ALL) has risen 15.17% since April 24, 2017 and is uptrending. It has outperformed by 3.62% 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 $34.82 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 11.8 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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