Allstate Corp’s Trend Down, Especially After This Options Activity

 Allstate Corp's Trend Down, Especially After This Options Activity

In today’s session Allstate Corp (ALL) recorded an unusually high (82) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious ALL decrease. With 82 contracts traded and 10804 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: ALL170120P00070000 closed last at: $1.81 or 8.4% up. About 679,684 shares traded hands. Allstate Corp (NYSE:ALL) has risen 6.66% since April 18, 2016 and is uptrending. It has outperformed by 2.23% the S&P500.

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 company was maintained on Friday, February 5 by RBC Capital Markets. On Tuesday, August 4 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. As per Wednesday, August 5, the company rating was maintained by Compass Point. As per Thursday, August 4, the company rating was maintained by Deutsche Bank. The stock of Allstate Corp (NYSE:ALL) earned “Buy” rating by Sandler O’Neill on Monday, September 21. The stock has “Overweight” rating given by Piper Jaffray on Thursday, October 15. The stock of Allstate Corp (NYSE:ALL) earned “Neutral” rating by Goldman Sachs on Tuesday, August 4. The stock of Allstate Corp (NYSE:ALL) earned “Buy” rating by Citigroup on Friday, February 5. The stock of Allstate Corp (NYSE:ALL) earned “Neutral” rating by Citigroup on Tuesday, December 1. The firm has “Hold” rating by Deutsche Bank given on Monday, August 10.

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 increased to 0.86 in 2016 Q2. Its up 0.03, from 0.83 in 2016Q1. The ratio increased, 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.
Moreover, Dekabank Deutsche Girozentrale has 0.08% invested in Allstate Corp (NYSE:ALL) for 99,006 shares. Martingale Asset Management Lp owns 272,065 shares or 0.31% of their US portfolio. Fiduciary Tru Company accumulated 0.11% or 44,004 shares. Breton Hill Cap Ltd last reported 0.21% of its portfolio in the stock. Diam has invested 0.04% of its portfolio in Allstate Corp (NYSE:ALL). Moreover, Cantab Cap Ptnrs Llp has 0% invested in Allstate Corp (NYSE:ALL) for 8,197 shares. Friess Associate Ltd Liability Com holds 1.91% of its portfolio in Allstate Corp (NYSE:ALL) for 267,557 shares. Pioneer Inv Management Inc owns 129,483 shares or 0.03% of their US portfolio. Advantus Capital Management reported 36,338 shares or 0.07% of all its holdings. Tci Wealth Advsr last reported 0.04% of its portfolio in the stock. Rdl Financial accumulated 44,656 shares or 2.31% of the stock. West Oak Ltd Limited Liability Company holds 3,353 shares or 0% of its portfolio. Moreover, Bryn Mawr Communication has 0.02% invested in Allstate Corp (NYSE:ALL) for 4,667 shares. Exchange Capital Mngmt Incorporated accumulated 0.01% or 200 shares. Cohen Klingenstein Ltd Llc has invested 0.42% of its portfolio in Allstate Corp (NYSE:ALL).

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 6 selling transactions for $7.33 million net activity. Harty Harriet K sold 6,779 shares worth $465,311. Another trade for 9,137 shares valued at $639,590 was made by Gupta Sanjay on Monday, July 11. $1.83 million worth of Allstate Corp (NYSE:ALL) was sold by Winter Matthew E on Monday, July 11. 2,895 shares were sold by Lees Susan L, worth $200,580. $1.35 million worth of Allstate Corp (NYSE:ALL) was sold by Shebik Steven E.

The Allstate Corporation is a holding firm for Allstate Insurance Company. The company has a market cap of $26.88 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 19.48 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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