The Allstate Corporation (ALL) Stock Formed Bearish Double Bottom

June 29, 2018 - By Charla Downs

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 dropped due to The Allstate Corporation positioning: 62 sold and 314 reduced. 78 funds acquired stakes and 228 increased stakes. Investors holded 266.22 million in 2017Q4 but now own 260.00 million shares or 2.34% less.
Pinnacle Partners, a Tennessee-based fund reported 6,364 shs. First Republic Invest Mgmt reported 0.03% stake. Rothschild Asset Mngmt stated it has 0.32% of its capital in The Allstate Corporation (NYSE:ALL). Victory Capital Management Inc holds 0.32% or 1.53 million shs in its capital. Robecosam Ag invested 0.01% of its capital in The Allstate Corporation (NYSE:ALL). Deroy Devereaux Private Investment Counsel stated it has 181,865 shs. Natixis Advsrs Limited Partnership invested in 0.09% or 94,328 shs. Loeb, New York-based fund reported 89,650 shs. Bryn Mawr Tru Comm reported 5,080 shs stake. South Dakota Investment Council, a South Dakota-based fund reported 27,300 shs. Hl Service Lc invested 0.02% in The Allstate Corporation (NYSE:ALL). Artisan Partners Lp reported 0.23% in The Allstate Corporation (NYSE:ALL). Pub Sector Pension Investment Board invested in 0.09% or 135,010 shs. Bollard Group Ltd holds 0.08% or 16,947 shs. Ameritas Invest accumulated 7,550 shs or 0.03% of the stock.

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 Finviz.com. $1.62B less could be ALL valuation at $87.53 share price.

Ticker’s shares touched $92.14 during the last trading session after 0.86% change.Currently The Allstate Corporation is uptrending after 10.63% change in last June 29, 2017. ALL has 333,920 shares volume. ALL underperformed the S&P 500 by 1.94%.

The Allstate Corporation (NYSE:ALL) is expected to announce earnings on August, 1 after the close., as reported by RTT. Analysts predict $1.60 EPS. That’s $0.22 up or 15.94 % from 2017’s earnings of $1.38. The profit will be $562.38 million for ALL if $1.60 EPS becomes true. Last quarter $2.96 EPS was reported. Analysts predicts -45.95 % negative EPS growth this quarter.

The Allstate Corporation (NYSE:ALL) Ratings Coverage

Total analysts of 8 have positions in The Allstate Corporation (NYSE:ALL) as follows: 3 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 38%. The firm has $115 highest while $8400 is the lowest price target. The average target $102.29 is 11.02% above the last ($92.14) price. Since January 2, 2018 according to StockzIntelligence Inc The Allstate Corporation has 13 analyst reports. On Wednesday, February 14 the rating was maintained by Keefe Bruyette & Woods with “Sell”. The company rating was upgraded by Keefe Bruyette & Woods on Sunday, April 1. On Thursday, February 8 the firm earned “Buy” rating by Bank of America. On Friday, February 16 Citigroup maintained The Allstate Corporation (NYSE:ALL) rating. Citigroup has “Buy” rating and $111 target. On Friday, February 9 the rating was maintained by Deutsche Bank with “Hold”. On Tuesday, April 10 Citigroup maintained The Allstate Corporation (NYSE:ALL) rating. Citigroup has “Buy” rating and $110 target. In Wednesday, May 9 report Argus Research maintained the stock with “Buy” rating. On Tuesday, January 2 the firm has “Underperform” rating by Keefe Bruyette & Woods given. In Tuesday, January 9 report Wells Fargo downgraded the stock to “Market Perform” rating. The stock rating was maintained by Citigroup with “Buy” on Tuesday, March 27.

There’s a significant The Allstate Corporation (NYSE:ALL) news posted by Investorplace.com. It’s an item 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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