Is KBW Now Negative on Allstate (NYSE:ALL) After Recent Downgrade?

April 21, 2018 - By Marguerite Chambers

The Allstate Corporation (NYSE:ALL) Logo

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.05, from 0.91 in 2017Q3. It is positive, as 43 investors sold The Allstate Corporation shares while 308 reduced holdings. 101 funds opened positions while 236 raised stakes. 266.22 million shares or 1.14% more from 263.23 million shares in 2017Q3 were reported.

Paradigm Asset Mgmt Co Limited Liability Co accumulated 0.05% or 1,800 shares. Retirement Systems Of Alabama reported 0.18% of its portfolio in The Allstate Corporation (NYSE:ALL). Eagle Asset Management has 29,893 shares. Moors And Cabot stated it has 5,300 shares or 0.07% of all its holdings. Virtus Inv Advisers Inc stated it has 0.25% of its portfolio in The Allstate Corporation (NYSE:ALL). Gofen & Glossberg Limited Il owns 173,501 shares. Caprock Group accumulated 0.11% or 5,425 shares. First Citizens Bancshares And Trust reported 61,606 shares. Stone Ridge Asset Mgmt Lc invested 0.12% of its portfolio in The Allstate Corporation (NYSE:ALL). Cambridge Invest Rech Advsr stated it has 54,205 shares. Great West Life Assurance Co Can invested 0.11% of its portfolio in The Allstate Corporation (NYSE:ALL). Lmr Ltd Liability Partnership holds 0.16% or 14,999 shares. Telemus Cap Limited Liability Corporation, Michigan-based fund reported 225 shares. Moreover, Oakbrook Invs Ltd Liability Corporation has 0.18% invested in The Allstate Corporation (NYSE:ALL). Redwood Invests Lc invested in 40,734 shares or 0.3% of the stock.

Allstate (NYSE:ALL) Receives a Downgrade

Allstate (NYSE:ALL) shares were decreased by KBW to a “Sell” rating in analysts note released on Tuesday morning.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.05, from 0.91 in 2017Q3. It is positive, as 43 investors sold The Allstate Corporation shares while 308 reduced holdings. 101 funds opened positions while 236 raised stakes. 266.22 million shares or 1.14% more from 263.23 million shares in 2017Q3 were reported.

Paradigm Asset Mgmt Co Limited Liability Co accumulated 0.05% or 1,800 shares. Retirement Systems Of Alabama reported 0.18% of its portfolio in The Allstate Corporation (NYSE:ALL). Eagle Asset Management has 29,893 shares. Moors And Cabot stated it has 5,300 shares or 0.07% of all its holdings. Virtus Inv Advisers Inc stated it has 0.25% of its portfolio in The Allstate Corporation (NYSE:ALL). Gofen & Glossberg Limited Il owns 173,501 shares. Caprock Group accumulated 0.11% or 5,425 shares. First Citizens Bancshares And Trust reported 61,606 shares. Stone Ridge Asset Mgmt Lc invested 0.12% of its portfolio in The Allstate Corporation (NYSE:ALL). Cambridge Invest Rech Advsr stated it has 54,205 shares. Great West Life Assurance Co Can invested 0.11% of its portfolio in The Allstate Corporation (NYSE:ALL). Lmr Ltd Liability Partnership holds 0.16% or 14,999 shares. Telemus Cap Limited Liability Corporation, Michigan-based fund reported 225 shares. Moreover, Oakbrook Invs Ltd Liability Corporation has 0.18% invested in The Allstate Corporation (NYSE:ALL). Redwood Invests Lc invested in 40,734 shares or 0.3% of the stock.

The Allstate Corporation (NYSE:ALL) Ratings Coverage

Among 11 analysts covering Allstate (NYSE:ALL), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. Allstate has $112 highest and $8400 lowest target. $100.44’s average target is 2.17% above currents $98.31 stock price. Allstate had 15 analyst reports since November 2, 2017 according to SRatingsIntel. The stock of The Allstate Corporation (NYSE:ALL) has “Buy” rating given on Thursday, February 8 by Bank of America. The firm has “Neutral” rating given on Thursday, November 2 by Credit Suisse. The firm has “Hold” rating by Keefe Bruyette & Woods given on Sunday, April 1. The firm has “Buy” rating given on Friday, February 16 by Citigroup. The stock has “Hold” rating by FBR Capital on Monday, April 16. The firm has “Neutral” rating given on Monday, November 6 by UBS. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, February 21. Wells Fargo downgraded The Allstate Corporation (NYSE:ALL) on Tuesday, January 9 to “Market Perform” rating. The stock of The Allstate Corporation (NYSE:ALL) has “Buy” rating given on Tuesday, April 10 by Citigroup. The firm has “Underperform” rating by Keefe Bruyette & Woods given on Tuesday, January 2.

The stock increased 0.34% or $0.33 during the last trading session, reaching $98.31. About 1.54 million shares traded. The Allstate Corporation (NYSE:ALL) has risen 15.17% since April 21, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on May, 1 after the close. They expect $2.40 earnings per share, up 46.34 % or $0.76 from last year’s $1.64 per share. ALL’s profit will be $847.53 million for 10.24 P/E if the $2.40 EPS becomes a reality. After $2.09 actual earnings per share reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts 14.83 % EPS growth.

The Allstate Corporation, together with its subsidiaries, engages in property-liability insurance and life insurance business in the United States and Canada. The company has market cap of $34.72 billion. The companyÂ’s Allstate Protection segment sells private passenger auto, homeowners, and other property-liability insurance products under the Allstate, Esurance, and Encompass brand names. It has a 11.76 P/E ratio. It also offers specialty auto products including motorcycle, trailer, motor home, and off-road vehicle insurance policies; other personal lines products including renter, condominium, landlord, boat, umbrella, and manufactured home insurance policies; commercial lines products for small business owners; roadside assistance products; service contracts; and other products sold in conjunction with auto lending and vehicle sales transactions.

The Allstate Corporation (NYSE:ALL) Institutional Positions Chart

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