In today’s session Allstate Corp (ALL) registered an unusually high (478) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious ALL increase. With 478 contracts traded and 5734 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: ALL161021C00067500 closed last at: $1.08 or 29.4% down. About 768,442 shares traded hands. Allstate Corp (NYSE:ALL) has risen 3.83% since March 3, 2016 and is uptrending. It has underperformed by 4.52% the S&P500.
Analysts await Allstate Corp (NYSE:ALL) to report earnings on November, 3 before the open. They expect $1.24 earnings per share, down 18.42% or $0.28 from last year’s $1.52 per share. ALL’s profit will be $460.36M for 13.59 P/E if the $1.24 EPS becomes a reality. After $0.62 actual earnings per share reported by Allstate Corp for the previous quarter, Wall Street now forecasts 100.00% EPS growth.
Allstate Corp (NYSE:ALL) Ratings Coverage
Out of 13 analysts covering The Allstate Corporation (NYSE:ALL), 9 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 69% are positive. The Allstate Corporation has been the topic of 19 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, September 21 by Sandler O’Neill. Deutsche Bank maintained the stock with “Buy” rating in Thursday, August 4 report. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, August 4. Deutsche Bank upgraded it to “Hold” rating and $70 target price in Monday, August 10 report. The firm has “Outperform” rating by Macquarie Research given on Tuesday, January 19. RBC Capital Markets maintained Allstate Corp (NYSE:ALL) rating on Friday, February 5. RBC Capital Markets has “Sector Perform” rating and $67 price target. The rating was upgraded by Citigroup on Tuesday, December 1 to “Neutral”. The stock has “Neutral” rating given by Compass Point on Wednesday, August 5. The firm has “Neutral” rating given on Wednesday, August 5 by Macquarie Research. Citigroup upgraded Allstate Corp (NYSE:ALL) on Friday, February 5 to “Buy” rating.
According to Zacks Investment Research, “Allstate Corporation’s business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their subsidiaries. Allstate is engaged, principally in the United States and Canada, in the personal property and casualty insurance business and the life insurance and savings business. Allstate has four business segments: personal property and casualty; life and savings; discontinued lines and coverages; and corporate and other business.”
Insitutional Activity: The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 0.06, from 0.89 in 2016Q1. The ratio dived, 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.
First National reported 3,749 shares or 0.04% of all its holdings. Cap Mngmt Assocs Ny has 0.57% invested in the company for 4,800 shares. Bp Plc, a United Kingdom-based fund reported 46,000 shares. First Quadrant L P Ca owns 433,124 shares or 0.67% of their US portfolio. Loomis Sayles Company Ltd Partnership has 194,789 shares for 0.04% of their US portfolio. Cs Mckee Limited Partnership last reported 455,700 shares in the company. Moreover, Citadel Advisors Ltd Liability Co has 0.01% invested in Allstate Corp (NYSE:ALL) for 106,316 shares. Moreover, Paradigm Asset Management Communication Limited Liability Corporation has 0% invested in Allstate Corp (NYSE:ALL) for 8,350 shares. Parkside Comml Bank And Trust accumulated 0.11% or 3,331 shares. Creative Planning has invested 0.02% of its portfolio in Allstate Corp (NYSE:ALL). Standard Life Invs reported 3.24 million shares or 1.03% of all its holdings. Glob X Mngmt Ltd Company accumulated 1,235 shares or 0% of the stock. Endeavour Cap Advsrs owns 286,639 shares or 1.5% of their US portfolio. Quantitative Inv Mgmt Ltd Llc accumulated 55,300 shares or 0.18% of the stock. Old Mutual Global (Uk) Ltd accumulated 0.44% or 335,745 shares.
Insider Transactions: Since May 6, 2016, the stock had 0 insider buys, and 8 insider sales for $21.95 million net activity. Another trade for 4,000 shares valued at $267,680 was sold by SPRIESER JUDITH A. Another trade for 9,137 shares valued at $639,590 was sold by Gupta Sanjay. 41,334 shares were sold by Shebik Steven E, worth $2.85M. On Monday, July 11 Winter Matthew E sold $1.83M worth of the stock or 26,150 shares. Lees Susan L sold $200,580 worth of Allstate Corp (NYSE:ALL) on Thursday, September 8. On Friday, May 6 the insider CIVGIN DON sold $14.35M. $465,311 worth of Allstate Corp (NYSE:ALL) shares were sold by Harty Harriet K.
The Allstate Corporation is a holding firm for Allstate Insurance Company. The company has a market cap of $25.03 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 17.15 P/E ratio. Allstate operates in four business divisions: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other.
ALL Company Profile
The Allstate Corporation, incorporated on November 5, 1992, is a holding firm for Allstate Insurance Company. The Firm and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business. It offers its products in the United States and Canada. Allstate operates in four business divisions: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other. The Company’s principal geographic markets for auto, homeowners, and other personal property and casualty products are in the United States. Through its subsidiaries, it sells a range of personal property and casualty insurance products in approximately 50 states, the District of Columbia and Puerto Rico. It also sells personal property and casualty insurance products in Canada.
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