The Allstate Corporation (ALL) Stock Formed Bearish Double Bottom

June 29, 2018 - By Mark Williams

The Allstate Corporation (NYSE:ALL) Corporate Logo

Big Money Sentiment decreased to 0.81 in Q1 2018. It has change of 0.15, from 2017Q4’s 0.96. The ratio worsened due to The Allstate Corporation positioning: 62 sold and 314 reduced. 78 funds acquired holdings and 228 increased holdings. Investors holded 266.22 million in 2017Q4 but now own 260.00 million shares or 2.34% less.
Bnp Paribas Asset Holdings holds 0.18% or 222,923 shs. Baker Ellis Asset Ltd Co, Oregon-based fund reported 1,310 shs. Thrivent Financial For Lutherans, Minnesota-based fund reported 201,387 shs. State Street owns 17.21 million shs for 0.14% of their capital. Tru Of Vermont has invested 0.13% of its capital in The Allstate Corporation (NYSE:ALL). Bb&T Securities Llc, a Virginia-based fund reported 141,040 shs. Checchi Advisers Ltd Limited Liability Company holds 0.05% of its capital in The Allstate Corporation (NYSE:ALL) for 3,625 shs. Destination Wealth stated it has 46 shs or 0% of all its holdings. Mufg Americas Hldg holds 0.09% of its capital in The Allstate Corporation (NYSE:ALL) for 31,235 shs. Benjamin F Edwards accumulated 914 shs. Exane Derivatives reported 517 shs. Edgar Lomax Va holds 4.6% in The Allstate Corporation (NYSE:ALL) or 675,026 shs. Envestnet Asset Management Inc has 36,267 shs. Bridgewater Assoc Lp owns 51,300 shs or 0.05% of their US capital. Proshare Advisors Ltd Liability Corporation accumulated 0.08% or 137,277 shs.

The Allstate Corporation (ALL) shows a double bottom chart today and has $87.53 Target or 5.00 % below today’s $92.14 share price. The stock has $32.39B MC. On Jun, 29 this chart was reported by $1.62B less could be ALL valuation at $87.53 share price.

ALL is reaching $92.14 during the last trading session, after increased 0.86%.The Allstate Corporation has volume of 333,920 shares. Since June 29, 2017 ALL has risen 10.63% and is uptrending. ALL underperformed the S&P 500 by 1.94%.

The Allstate Corporation (NYSE:ALL)’s earnings report is expected by WallStreet on August, 1, according to RTT. Last year’s earnings per share was $1.38, while now analysts expect change of 15.94 % up from current $1.60 earnings per share. ALL’s profit could be $562.38M with 14.40 P/E in case $1.60 earnings per share is reported. Analysts at Wall Street see The Allstate Corporation’s -45.95 % negative EPS growth compared to $2.96 earnings per share for previous quarter.

The Allstate Corporation (NYSE:ALL) Ratings Coverage

In total 8 analysts cover The Allstate Corporation (NYSE:ALL). “Buy” rating has 3, “Sell” are 0, while 5 are “Hold”. (NYSE:ALL) has 38% bullish analysts. With $115 highest and $8400 lowest target, The Allstate Corporation has $102.29 average target or 11.02% above the current ($92.14) price. 13 are the (NYSE:ALL)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Wednesday, February 21 the company was maintained by Morgan Stanley. On Tuesday, January 9 the rating was downgraded by Wells Fargo to “Market Perform”. On Friday, February 9 the stock has “Hold” rating by Deutsche Bank. On Thursday, February 8 the stock of The Allstate Corporation (NYSE:ALL) earned “Buy” rating by Bank of America. On Wednesday, February 14 the firm has “Sell” rating by Keefe Bruyette & Woods given. On Wednesday, May 9 the company was maintained by Argus Research. On Sunday, April 1 the firm earned “Hold” rating by Keefe Bruyette & Woods. On Monday, April 16 the stock of The Allstate Corporation (NYSE:ALL) earned “Hold” rating by FBR Capital. In Tuesday, April 10 report Citigroup maintained it with “Buy” rating and $110 target. On Tuesday, January 2 the stock has “Underperform” rating by Keefe Bruyette & Woods.

There’s an important The Allstate Corporation (NYSE:ALL) news announced by It’s a report titled: “3 Big Stock Charts for Friday: Sherwin-Williams, Regeneron and Allstate” on June 29, 2018.

The Allstate Corporation (NYSE:ALL) Institutional Investors Chart

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