Allstate Corp Could Decline a Lot According to The Today’s Call Option Activity

 Allstate Corp Could Decline a Lot According to The Today's Call Option Activity

In today’s session Allstate Corp (ALL) recorded an unusually high (1,122) 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 1,122 contracts traded and 11174 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: ALL170120P00070000 closed last at: $1.86 or 91.8% up. About 432,984 shares traded hands. Allstate Corp (NYSE:ALL) has risen 7.65% since April 28, 2016 and is uptrending. It has outperformed by 1.73% the S&P500.

Analysts await Allstate Corp (NYSE:ALL) to report earnings on February, 2 before the open. They expect $1.57 earnings per share, down 1.88% or $0.03 from last year’s $1.6 per share. ALL’s profit will be $580.47 million for 11.17 P/E if the $1.57 EPS becomes a reality. After $1.26 actual earnings per share reported by Allstate Corp for the previous quarter, Wall Street now forecasts 24.60% 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. $78 is the highest target while $58 is the lowest. The $70.20 average target is 0.06% above today’s ($70.16) stock price. The Allstate Corporation has been the topic of 19 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Thursday, October 15, the company rating was initiated by Piper Jaffray. Credit Suisse maintained the stock with “Outperform” rating in Tuesday, November 3 report. The firm has “Sector Perform” rating given on Tuesday, August 4 by RBC Capital Markets. Goldman Sachs downgraded the shares of ALL in a report on Tuesday, August 4 to “Neutral” rating. The stock of Allstate Corp (NYSE:ALL) has “Neutral” rating given on Wednesday, August 5 by Macquarie Research. The firm has “Neutral” rating by Citigroup given on Tuesday, December 1. The rating was upgraded by Citigroup on Friday, February 5 to “Buy”. The firm has “Neutral” rating by Compass Point given on Wednesday, August 5. Deutsche Bank maintained Allstate Corp (NYSE:ALL) on Thursday, August 4 with “Buy” rating. On Monday, September 21 the stock rating was upgraded by Sandler O’Neill to “Buy”.

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 Q2 2016. Its up 0.03, from 0.83 in 2016Q1. The ratio is positive, 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.
Exxonmobil Investment Mngmt Tx accumulated 96,905 shares or 0.14% of the stock. Hugh Johnson Advsrs Ltd Liability Company has invested 1.28% of its portfolio in Allstate Corp (NYSE:ALL). Twin Capital Mgmt holds 0.13% or 25,370 shares in its portfolio. Bryn Mawr Tru holds 0.02% or 4,667 shares in its portfolio. Moreover, Bnp Paribas Invest Prns Sa has 0.05% invested in Allstate Corp (NYSE:ALL) for 90,249 shares. Barrett Asset Mgmt Ltd Liability has 0.01% invested in the company for 1,421 shares. Asset Mngmt Of Georgia Inc Ga Adv has invested 0.27% of its portfolio in Allstate Corp (NYSE:ALL). Louisiana State Employees Retirement Sys holds 0.09% or 24,600 shares in its portfolio. Marietta Partners Ltd Limited Liability Company reported 5,100 shares or 0.13% of all its holdings. Neumann Capital Mgmt Ltd Com holds 1.22% or 26,250 shares in its portfolio. Moreover, State Street has 0.12% invested in Allstate Corp (NYSE:ALL) for 15.70M shares. Wellington Shields Capital Management Limited Company has 6,670 shares for 0.08% of their US portfolio. Weatherly Asset Mngmt Ltd Partnership, a California-based fund reported 33,044 shares. Robeco Institutional Asset Mngmt Bv has 438,124 shares for 0.23% of their US portfolio. Bluecrest Capital Mngmt holds 0.02% of its portfolio in Allstate Corp (NYSE:ALL) for 7,599 shares.

Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 7 insider sales for $8.17 million net activity. Harty Harriet K sold 6,779 shares worth $465,311. $1.83M worth of Allstate Corp (NYSE:ALL) was sold by Winter Matthew E. The insider Shebik Steven E sold 41,334 shares worth $2.85M. Lees Susan L also sold $200,580 worth of Allstate Corp (NYSE:ALL) on Thursday, September 8. The insider Gupta Sanjay sold $639,590. 21,178 Allstate Corp (NYSE:ALL) shares with value of $1.53M were sold by PILCH SAMUEL H.

The Allstate Corporation is a holding firm for Allstate Insurance Company. The company has a market cap of $25.94 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 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.

More news for Allstate Corp (NYSE:ALL) were recently published by: Wsj.com, which released: “Allstate to Acquire Squaretrade in $1.4 Billion Deal” on November 28, 2016. Finance.Yahoo.com‘s article titled: “Blog Coverage Insurance Major Allstate Corp. Acquires Privately Held SquareTrade” and published on November 30, 2016 is yet another important article.

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