Allstate Corporation (NYSE:ALL) Shorted Shares Decreased By 23.26%


The stock of Allstate Corporation (NYSE:ALL) registered a decrease of 23.26% in short interest. ALL’s total short interest was 3.45 million shares in September as published by FINRA. Its down 23.26% from 4.49M shares, reported previously. With 1.51 million shares average volume, it will take short sellers 2 days to cover their ALL’s short positions. The short interest to Allstate Corporation’s float is 0.93%. The stock decreased 0.82% or $0.56 on September 13, hitting $67.92. About 1.59 million shares traded hands or 1.27% up from the average. Allstate Corp (NYSE:ALL) has risen 8.13% since February 8, 2016 and is uptrending. It has underperformed by 8.36% the S&P500.

The Allstate Corporation is a holding firm for Allstate Insurance Company. The company has a market cap of $25.42 billion. The Firm and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries are engaged in the property-liability insurance and life insurance business. It has a 17.28 P/E ratio. Allstate operates in four business divisions: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other.

The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.06, from 0.89 in 2016Q1. The ratio dropped, as 60 funds sold all Allstate Corp shares owned while 278 reduced positions. 42 funds bought stakes while 238 increased positions. They now own 271.38 million shares or 4.20% less from 283.28 million shares in 2016Q1.

Taylor Asset Management Inc holds 8.41% of its portfolio in Allstate Corp for 421,600 shares. Wilsey Asset Management Inc owns 132,922 shares or 6.65% of their US portfolio. Moreover, Bruce & Co. Inc. has 5.97% invested in the company for 333,800 shares. The Virginia-based Edgar Lomax Co Va has invested 4.4% in the stock. F&V Capital Management Llc, a New York-based fund reported 77,875 shares.

Out of 8 analysts covering The Allstate Corporation (NYSE:ALL), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. The Allstate Corporation has been the topic of 11 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock on August 4 with “Buy” rating.

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