Allstate stock: buy or sell?

ALL stock price: $101.98 -2.41% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

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Shares of Allstate dropped a rough -2.41% and closed at $101.98.

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.

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. At Stocks2.com, we gathered 12 ratings published for ALL stock in the last month.

Is ALL a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-15Morgan Stanleyn/aEqual Weight
2019-8-1Raymond Jamesn/aStrong-Buy
2019-8-1Raymond Jamesn/aStrong-Buy
2019-7-19Morgan Stanleyn/aEqual Weight
2019-7-11Credit Suisse GroupNeutralUnderperform
2019-7-1Barclaysn/aOverweight
2019-5-7UBS GroupNeutralNeutral
2019-5-29Goldman Sachs GroupNeutralBuy
2019-5-21Morgan Stanleyn/aEqual Weight
2019-4-8Credit Suisse GroupOutperformNeutral
2019-2-6William BlairUnderperformMarket Perform
2019-1-15Compass Pointn/aBuy

Allstate stock analysis

Daily outlook

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.

ALL stock chart (daily)

Weekly outlook

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%).

ALL stock chart (weekly)

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 $110.30

Predicting 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:
ALL stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-15Morgan StanleyRaises Target$108.00$110.001.9%
2019-8-1Raymond JamesReiterates$115.00$125.008.7%
2019-8-1Raymond JamesRaises Target$115.00$125.008.7%
2019-7-19Morgan StanleyRaises Target$100.00$108.008%
2019-7-11Credit Suisse GroupDowngrades$100.00$94.00-6%
2019-7-1BarclaysRaises Target$110.00$115.004.5%
2019-5-7UBS GroupRaises Target$102.00$106.003.9%
2019-5-29Goldman Sachs GroupUpgrades$106.00$110.003.8%
2019-5-21Morgan StanleyRaises Target$94.00$100.006.4%
(in average)$105.60$110.304.0%
The price prediction for Allstate stock is $110.30, moving in a range between $125.00 and $94.00. In average, analysts' outlook on ALL price target is positive, improving the target by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
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

Compared 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%.

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 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%.
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 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:

ALLHMNLNCPGRPRU
Market cap$33.6 B$1.8 B$10.6 B$45.0 B$33.5 B
Total shares329.2 M41.2 M202.3 M584.0 M408.3 M
Float shares327.6 M41.0 M198.9 M580.5 M400.7 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 selling0.0%0.0%0.0%0.0%0.0%

Allstate summary

Friday, August 23rd, 2019
Open$104.02
Close$101.98
Day range$101.49 - $105.36
Previous close$104.50
Session gain-2.41%
Average true range$2.23
50d mov avg$103.02
100d mov avg$99.79
200d mov avg$93.87
Daily pattern
Weekly pattern lt06a

Allstate performance

Stocks 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.
Stock3m6m12m
ALLAllstate6.37%8.98%4.56%
HMNHorace Mann Educa...5.85%12.95%-2.71%
LNCLincoln National-17.20%-15.82%-18.48%
PGRProgressive-3.81%6.92%19.95%
PRUPrudential Financ...-15.00%-11.64%-13.02%
SAFTSafety Insurance5.13%6.81%5.13%
TRVThe Travelers Com...0.43%14.07%15.90%
UNMUnum-20.60%-27.07%-22.40%

Allstate competitors

One 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.

Latest Allstate stock news