Allstate stock: buy or sell?

ALL stock price: $88.46 -1.16% At close on March 27th, 2020

Updated on:
March 27th, 2020

2

After boosting an amazing 7.26% on Mar/26, Allstate closed yesterday at $88.46 and depreciated an ugly -1.16%. On March 18th ALL plunged a hair-raising -16.40%.

The Allstate Corporation, together with its subsidiaries, engages in property-liability insurance and life insurance business in the United States and Canada.

Should I buy Allstate stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Allstate stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Allstate stock a buy?

Banks and financial institutions post stock ratings everyday. Unfortunately, we couldn't detect any rating for ALL stock for the last 30 days.

Allstate stock analysis

Daily outlook

After boosting an amazing 7.26% on Mar/26, Allstate closed yesterday at $88.46 and depreciated an ugly -1.16%.

After boosting an amazing 7.26% on Mar/26, Allstate closed yesterday at $88.46 and depreciated an ugly -1.16%. Since price and SMA200d lines crossed down on Mar/6, ALL fell $-20.00 per share (-18.44%). ALL marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $114.89 would break this short term down trend and open possibilities for reversing this situation. On February/18, ALL hit a new all time high, pushing higher than on February/14 tops. Check different trading setups that use ATHs as triggers.

ALL stock chart (daily)

Weekly outlook

After sliding a hair-raising -25.59% in a week last week, Allstate closed this week at $88.46 and skyrocketed an extraordinary 19.75%.

Not so far away is the last all-time high Allstate marked by mid February, but since then it dropped a 29.40%. Since late February, when ALL stock price broke down the 40-weeks moving avarage line, it slid $-34.55 per share (-28.09%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average mark is not recommended by many experts, as it indicates that the stock has not enough institutional support. Since mid May 2019 when SMA20w and SMA40w crossed up, ALL price slipped $-6.06 per share (-6.41%).

ALL stock chart (weekly)

Allstate stock price history

Allstate IPO was on June 3rd, 1993 at $7.05 per share1. Since then, ALL stock surged a 1,154.80%, with an average of 44.40% per year. If you had invested right after ALL's IPO a $1,000 in Allstate stock in 1993, it would worth $11,548.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Allstate stock historical price chart

ALL stock reached all-time highs on Feb 18th with a price of $125.30.

Allstate stock price target

How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' ALL stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not found any price prediction for Allstate stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Allstate reported brilliant results for 2018-Q4 . Allstate boosted Earnings per Share (EPS) by 22.80%, beating analysts of $1.01. Allstate posted $1.24.
ALL earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.65n/a
2017-Q32017-11-010.871.683.9%
2017-Q42018-02-071.532.0936.6%
2018-Q12018-05-012.572.9615.2%
2018-Q22018-08-011.451.931.0%
2018-Q32018-10-312.171.93-11.1%
2018-Q42019-02-051.011.2422.8%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Allstate annual revenues appreciated a slightly good 1.04% to $39,815.00 million dollars from $39,407.00 marked in 2017. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) depreciated a -2.44% to 5.66%.

ALL annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$34,190 M-$2,280 M6.7%-
2014$35,239 M3.07%$2,850 M8.1%25.00%
2015$35,653 M1.17%$2,171 M6.1%-23.82%
2016$36,534 M2.47%$1,877 M5.1%-13.54%
2017$39,407 M7.86%$3,189 M8.1%69.90%
2018$39,815 M1.04%$2,252 M5.7%-29.38%

Quarterly financial results

Allstate reported $9,481.00 million in sales for 2018-Q4, a -9.40% less compared to previous quarter. Reported quarter earnings marked $-269.00 M with a profit margin of -2.84%. Profit margin collapsed a -11.15% compared to previous quarter when profit margin was 8.31%. When comparing turnover to same quarter last year, Allstate sales marked a nice growth and grew a 3.29%.
ALL quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$9,380 M-$579 M6.2%-
2017-Q3$9,660 M2.99%$666 M6.9%15.03%
2017-Q4$9,179 M-4.98%$1,249 M13.6%87.54%
2018-Q1$9,770 M6.44%$975 M10.0%-21.94%
2018-Q2$10,099 M3.37%$676 M6.7%-30.67%
2018-Q3$10,465 M3.62%$870 M8.3%28.70%
2018-Q4$9,481 M-9.40%$-269 M-2.8%-130.92%
2019-Q1$10,990 M15.92%$1,292 M11.8%-580.30%

Allstate ownership

When you are planning to invest in shares of a stock, it's worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Allstate, 0.38% of all outstanding shares are owned by its staff.

Bearish positions for ALL stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Allstate:

ALL
Market cap$28.2 B
Total shares318.8 M
Float shares315.4 M
  - Institutional holdings (%)80.5%
  - Insider holdings (%)0.4%
Shares in short selling0.0%

Allstate summary

Friday, March 27th, 2020
Open$86.11
Close$88.46
Day range$85.13 - $92.59
Previous close$89.50
Session gain-1.16%
Average true range$9.50
50d mov avg$108.09
100d mov avg$109.14
200d mov avg$106.31
Daily patternlb06a
Weekly pattern

Allstate performance

To better understand Allstate performance you must becnhmark its gains with other related stocks in same sector or industry. We compared Allstate against in the following table:
Stock3m6m12m
ALLAllstate-20.54%-17.19%-4.22%

Allstate competitors

Unfortunately, we could not find any public company that could be defined as Allstate competitor. This doesn't mean Allstate does not have any competitor in the market, it's just we could not detected it.

    Latest Allstate stock news