Allstate stock: buy or sell?
November 19th, 2019
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?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, 2 buy setups match with Allstate stock right now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Allstate stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we detected 12 ratings published for ALL stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-15||Morgan Stanley||n/a||Equal Weight|
|2019-7-19||Morgan Stanley||n/a||Equal Weight|
|2019-7-11||Credit Suisse Group||Neutral||Underperform|
|2019-5-29||Goldman Sachs Group||Neutral||Buy|
|2019-5-21||Morgan Stanley||n/a||Equal Weight|
|2019-4-8||Credit Suisse Group||Outperform||Neutral|
|2019-2-6||William Blair||Underperform||Market Perform|
Allstate stock analysis
Even closing in red ($111.00, -0.46%), Allstate reached new all time high at $111.77.
After reaching all time highs today, Allstate decreased -0.46% to $111.00. On Nov 6th ALL price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
Despite of closing lower ($111.00, -0.09%), Allstate marked new all time high at $111.77.
Weekly chart tells us that price finally broke over the resistance at $109.55 and continued climbing. By mid May, SMA20w and SMA40w crossed up triggering a rise of 16.34%. Since early February when ALL stock price broke up the SMA40w line, it gained $23.54 (26.92%).
Allstate stock price history
Allstate IPO was on June 3rd, 1993 at $7.12 per share1. Since then, ALL stock grew a 1,459.00%, with an average of 56.10% per year. If you had invested right after ALL's IPO a $1,000 in Allstate stock in 1993, it would worth $14,590.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Allstate stock historical price chart
ALL stock reached all-time highs today with a price of $111.77.
Allstate stock price target is $109.70How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 10 price targets for Allstate stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-12||Buckingham Research||Raises Target||$100.00||$104.00||4%|
|2019-8-15||Morgan Stanley||Raises Target||$108.00||$110.00||1.9%|
|2019-8-1||Raymond James||Raises Target||$115.00||$125.00||8.7%|
|2019-7-19||Morgan Stanley||Raises Target||$100.00||$108.00||8%|
|2019-7-11||Credit Suisse Group||Downgrades||$100.00||$94.00||-6%|
|2019-5-7||UBS Group||Raises Target||$102.00||$106.00||3.9%|
|2019-5-29||Goldman Sachs Group||Upgrades||$106.00||$110.00||3.8%|
|2019-5-21||Morgan Stanley||Raises Target||$94.00||$100.00||6.4%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Allstate reported its latest financial data, posting a brilliant growth for the Earnings per Share (EPS). Analyst were expecting $1.01 per share, but Allstate posted $1.24.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a tiny gain of 1.04% to $39,815.00 million USD. However, its income margin (compared to revenues) depreciated to 5.66%, that is $2,252.00 million.
|2013||$34,190 M||-||$2,280 M6.7%||-|
|2014||$35,239 M||3.07%||$2,850 M8.1%||25.00%|
|2015||$35,653 M||1.17%||$2,171 M6.1%||-23.82%|
|2016||$36,534 M||2.47%||$1,877 M5.1%||-13.54%|
|2017||$39,407 M||7.86%||$3,189 M8.1%||69.90%|
|2018||$39,815 M||1.04%||$2,252 M5.7%||-29.38%|
Quarterly financial resultsAllstate posted $9,481.00 M in sales for 2018-Q4, a -9.40% less compared to previous quarter. Reported quarter earnings marked $-269.00 million with a profit margin of -2.84%. Profit margin plunged a -11.15% compared to previous quarter when profit margin was 8.31%. When comparing revenues to same quarter last year, Allstate sales marked a beatiful growth and stepped up a 3.29%.
|2017-Q2||$9,380 M||-||$579 M6.2%||-|
|2017-Q3||$9,660 M||2.99%||$666 M6.9%||15.03%|
|2017-Q4||$9,179 M||-4.98%||$1,249 M13.6%||87.54%|
|2018-Q1||$9,770 M||6.44%||$975 M10.0%||-21.94%|
|2018-Q2||$10,099 M||3.37%||$676 M6.7%||-30.67%|
|2018-Q3||$10,465 M||3.62%||$870 M8.3%||28.70%|
|2018-Q4||$9,481 M||-9.40%||$-269 M-2.8%||-130.92%|
|2019-Q1||$10,990 M||15.92%||$1,292 M11.8%||-580.30%|
Allstate ownershipWhen you are planning to buy a company, it's worth to have a look its ownership structure.
Allstate shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.38% of all shares.
Bearish positions for ALL stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related companies:
|Market cap||$36.0 B||$1.8 B||$11.5 B||$41.6 B||$37.4 B|
|Total shares||324.0 M||41.2 M||198.3 M||584.7 M||402.0 M|
|Float shares||322.5 M||41.0 M||197.1 M||580.6 M||400.7 M|
|- Institutional holdings (%)||81.3%||107.6%||86.2%||82.0%||67.2%|
|- Insider holdings (%)||0.4%||1.6%||0.6%||0.7%||0.2%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, November 19th, 2019|
|Day range||$110.91 - $111.77|
|Average true range||$1.43|
|50d mov avg||$107.79|
|100d mov avg||$105.42|
|200d mov avg||$100.40|
Allstate performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Allstate against Horace Mann Educators, Lincoln National, Progressive, Prudential Financial, Safety Insurance, The Travelers Companies and Unum in the following table:
|HMNHorace Mann Educa...||5.07%||7.47%||15.84%|
|TRVThe Travelers Com...||-6.70%||-8.23%||8.54%|
Allstate competitorsOne check before trading any stock is to have a look a list of its competitors, in this case for Allstate. We selected 7 companies as Allstate competitors as they are in the same industry or have similar market objectives.
- Horace Mann Educators (HMN)
- Lincoln National (LNC)
- Progressive (PGR)
- Prudential Financial (PRU)
- Safety Insurance (SAFT)
- The Travelers Companies (TRV)
- Unum (UNM)
Latest Allstate stock news
- InvestorPlaceAllstate Earnings: ALL Stock Unmoved Despite Q1 Earnings BeatMay 1, 2019
- InvestorPlace3 Big Stock Charts for Tuesday: American Tower, AT&T and AllstateApril 2, 2019
- Seeking AlphaAllstate: Don't Expect Too Much From This Insurance GiantMarch 15, 2019
- InvestorPlace3 Big Stock Charts for Friday: Sherwin-Williams, Regeneron and AllstateJune 29, 2018