Allstate stock: buy or sell?
March 27th, 2020
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.
|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.Unfortunately, we couldn't detect any rating for ALL stock for the last 30 days.
Allstate stock analysis
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.
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%).
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 targetHow 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 ShareAllstate reported brilliant results for 2018-Q4 . Allstate boosted Earnings per Share (EPS) by 22.80%, beating analysts of $1.01. Allstate posted $1.24.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|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 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%.
|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 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:
|Market cap||$28.2 B|
|Total shares||318.8 M|
|Float shares||315.4 M|
|- Institutional holdings (%)||80.5%|
|- Insider holdings (%)||0.4%|
|Shares in short selling||0.0%|
|Friday, March 27th, 2020|
|Day range||$85.13 - $92.59|
|Average true range||$9.50|
|50d mov avg||$108.09|
|100d mov avg||$109.14|
|200d mov avg||$106.31|
Allstate performanceTo 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:
Allstate competitorsUnfortunately, 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
- 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