Edward Jones Issues a Upgrade for Allstate (ALL) from a “Sell” to “Hold” Rating

The Allstate Corporation (NYSE:ALL) Logo

Investors sentiment increased to 1.01 in 2018 Q3. Its up 0.12, from 0.89 in 2018Q2. It improved, as 38 investors sold The Allstate Corporation shares while 268 reduced holdings. 83 funds opened positions while 225 raised stakes. 251.07 million shares or 1.21% less from 254.16 million shares in 2018Q2 were reported.

15,121 are held by Davy Asset. World Asset owns 0.1% invested in The Allstate Corporation (NYSE:ALL) for 22,591 shares. The Michigan-based Deroy And Devereaux Private Invest Counsel has invested 1.83% in The Allstate Corporation (NYSE:ALL). Wilbanks Smith And Thomas Asset Management Llc holds 0.02% or 3,038 shares. Jacobs Levy Equity accumulated 367,082 shares. Pictet Asset Mngmt Limited reported 0.11% stake. Cipher Capital Lp stated it has 0.8% in The Allstate Corporation (NYSE:ALL). Manchester Cap Ltd Liability reported 0.03% of its portfolio in The Allstate Corporation (NYSE:ALL). Royal Fincl Bank Of Canada invested in 0.03% or 689,535 shares. United Cap Fincl Advisers owns 45,477 shares. Regions Financial has invested 0.02% in The Allstate Corporation (NYSE:ALL). Thompson Siegel Walmsley Limited Liability Corporation reported 428,205 shares or 0.54% of all its holdings. Cubic Asset Management Limited Company reported 87,290 shares. Waddell & Reed Financial holds 520,200 shares. United Kingdom-based Uss Investment Mngmt Ltd has invested 0.1% in The Allstate Corporation (NYSE:ALL).

Since September 13, 2018, it had 0 insider buys, and 2 sales for $1.10 million activity. $64,118 worth of The Allstate Corporation (NYSE:ALL) was sold by Merten Jesse E.

Allstate (ALL) Stock Upgrade

Allstate (ALL) was upped by Edward Jones from a “Sell” rating to a solid “Hold” rating in a research note made public on Tuesday morning.

The stock decreased 0.95% or $0.79 during the last trading session, reaching $82.49. About 2.00 million shares traded or 5.45% up from the average. The Allstate Corporation (ALL) has declined 18.44% since December 12, 2017 and is downtrending. It has underperformed by 18.44% the S&P500.

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on February, 6. They expect $2.15 EPS, up 2.87 % or $0.06 from last year’s $2.09 per share. ALL’s profit will be $740.55M for 9.59 P/E if the $2.15 EPS becomes a reality. After $1.93 actual EPS reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts 11.40 % EPS growth.

The Allstate Corporation, together with its subsidiaries, engages in property-liability insurance and life insurance business in the United States and Canada. The company has market cap of $28.41 billion. The companyÂ’s Allstate Protection segment sells private passenger auto, homeowners, and other property-liability insurance products under the Allstate, Esurance, and Encompass brand names. It has a 8.11 P/E ratio. It also offers specialty auto products including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; commercial lines products for small business owners; roadside assistance products; service contracts; and other products sold in conjunction with auto lending and vehicle sales transactions.

More notable recent The Allstate Corporation (NYSE:ALL) news were published by: Globenewswire.com which released: “VMware Announces Record Date for Previously Announced One-Time Special Dividend – GlobeNewswire” on December 11, 2018, also 247Wallst.com with their article: “Why DSW Is Tuesday’s Big Earnings Winner – 24/7 Wall St.” published on December 11, 2018, Globenewswire.com published: “Minerals Technologies Announces Price Increases for all Bentonite Products – GlobeNewswire” on December 03, 2018. More interesting news about The Allstate Corporation (NYSE:ALL) were released by: Seekingalpha.com and their article: “TJX Companies: Good Entry Point – Seeking Alpha” published on December 11, 2018 as well as Seekingalpha.com‘s news article titled: “Smartsheet: Not An Attractive Investment Amid Turbulent Markets – Seeking Alpha” with publication date: December 11, 2018.

The Allstate Corporation (NYSE:ALL) Institutional Positions Chart

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