Allstate stock: buy or sell?

ALL stock price: $111.00 -0.46% At close on November 19th, 2019

Updated on:
November 19th, 2019

5

After several days of continuous hikes in past weeks, Allstate decreased -0.46% to $111.00. Last session broke a streak of 4 green days.

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:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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.

Is ALL a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-12Buckingham Researchn/aNeutral
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

Allstate stock analysis

Daily outlook

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.

ALL stock chart (daily)

Weekly outlook

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%).

ALL stock chart (weekly)

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 $109.70

How 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:
ALL stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-12Buckingham ResearchRaises Target$100.00$104.004%
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)$105.00$109.704.0%
The price forecast for Allstate stock is $109.70, moving in a range between $125.00 and $94.00. In average, analysts' outlook on ALL price target is positive, upgrading the prediction 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 brilliant growth for the Earnings per Share (EPS). Analyst 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 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.

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 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%.
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 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:

ALLHMNLNCPGRPRU
Market cap$36.0 B$1.8 B$11.5 B$41.6 B$37.4 B
Total shares324.0 M41.2 M198.3 M584.7 M402.0 M
Float shares322.5 M41.0 M197.1 M580.6 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

Tuesday, November 19th, 2019
Open$111.54
Close$111.00
Day range$110.91 - $111.77
Previous close$111.51
Session gain-0.46%
Average true range$1.43
50d mov avg$107.79
100d mov avg$105.42
200d mov avg$100.40
Daily pattern
Weekly pattern lb01c

Allstate performance

Performance 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:
Stock3m6m12m
ALLAllstate9.38%16.35%29.16%
HMNHorace Mann Educa...5.07%7.47%15.84%
LNCLincoln National11.50%-7.70%-2.66%
PGRProgressive-5.09%-10.98%18.01%
PRUPrudential Financ...17.71%-3.54%7.39%
SAFTSafety Insurance4.88%6.11%13.69%
TRVThe Travelers Com...-6.70%-8.23%8.54%
UNMUnum13.11%-12.35%-14.73%

Allstate competitors

One 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.

Latest Allstate stock news