Allstate stock: buy or sell?
August 23rd, 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?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. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. 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, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|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 gathered 12 ratings published for ALL stock in the last month.
|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
Allstate dropped a rough -2.41% and closed at $101.98.
Allstate dropped a rough -2.41% and closed at $101.98. Since May when SMA100d and SMA200d crossed up, ALL price gained $6.50 per share (6.81%). On July 31st, ALL hit a new all time high, pushing higher than on July tops. Check different trading setups that use ATHs as triggers. In this session, Allstate stock crossed down the SMA50d line. If you are using SMA50d line as stop loss trigger, double check your position in this stock.
Allstate depreciated an unpleasant -1.20% this week. Counting this, it's been 3 red weeks in a row, sliding $-2.53 or a -2.46%.
Allstate stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, ALL might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high Allstate marked late July. By mid May, SMA20w and SMA40w crossed up triggering a rise of 6.36%. Since early February when ALL stock price broke up the SMA40w line, it gained $14.09 (16.03%).
Allstate stock price history
Allstate IPO was on June 3rd, 1993 at $7.16 per share1. Since then, ALL stock surged a 1,324.30%, with a yearly average of 50.90%. If you had invested $1,000 in Allstate stock in 1993, it would worth $13,243.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Allstate stock historical price chart
ALL stock reached all-time highs on July 31st with a price of $109.13.
Allstate stock price target is $110.30Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. 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 30 days we found 9 price predictions for ALL stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|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 cool gain for the Earnings per Share (EPS) ratio. Experts 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 sales report draw a slightly good growth of 1.04% to $39,815.00 M dollars. When comparing 2018 vs 2017, slightly worse, profit margin (that is, the net income divided by revenues) slightly fell a -2.44% to 5.66%.
|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 reported $9,481.00 million in revenues for 2018-Q4, a -9.40% decline 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 sales to same quarter last year, Allstate sales marked a decent gain 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 invest in shares of a stock, it's worth to overview 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:
|Market cap||$33.6 B||$1.8 B||$10.6 B||$45.0 B||$33.5 B|
|Total shares||329.2 M||41.2 M||202.3 M||584.0 M||408.3 M|
|Float shares||327.6 M||41.0 M||198.9 M||580.5 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%|
|Friday, August 23rd, 2019|
|Day range||$101.49 - $105.36|
|Average true range||$2.23|
|50d mov avg||$103.02|
|100d mov avg||$99.79|
|200d mov avg||$93.87|
Allstate performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Allstate, the comparison is made against Horace Mann Educators, Lincoln National, Progressive, Prudential Financial, Safety Insurance, The Travelers Companies and Unum.
|HMNHorace Mann Educa...||5.85%||12.95%||-2.71%|
|TRVThe Travelers Com...||0.43%||14.07%||15.90%|
Allstate competitorsOne check before investing in 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