The Allstate Corporation [ALL] shares are down more than -15.54% this year and recently increased 0.01% or $0.51 to settle at $91.79. Analysts expect ALL to grow earnings at a 5.52% annual rate over the next 5 years. ALL has a short ratio of 2.64. This implies that the market is currently less bullish on the outlook for ALL.

On 15, October 2020, Allstate Announces September and Third Quarter 2020 Catastrophe Losses. According to news published on Yahoo Finance, The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of September of $339 million, pre-tax ($268 million, after-tax).

Analyst Birdseye View:

The most recent analyst activity for The Allstate Corporation [NYSE:ALL] stock was on June 25, 2020, when it was Upgrade with a Neutral rating from Credit Suisse, which also raised its 12-month price target on the stock from $94 to $101. Before that, on September 22, 2020, Keefe Bruyette Recapitulated an Outperform rating and elevated its amount target to $108. On June 01, 2020, BofA/Merrill Resumed a Buy rating. On April 13, 2020, Evercore ISI Upgrade an Outperform rating and increased its price target to $119. On January 21, 2020, Citigroup Initiated a Buy rating and increased its price target to $135. On November 12, 2019, JP Morgan Resumed an Overweight rating and boosted its amount on this stock to $120. On October 17, 2019, Evercore ISI Initiated an In-line rating and boosted its target amount on this stock to $117. On July 11, 2019 Credit Suisse Downgrade an Underperform rating and elevated its amount target to $94.

In the past 52 weeks of trading, this stock has oscillated between a low of $64.13 and a peak of $125.92. Right now, the middling Wall Street analyst 12-month amount mark is $118.00. At the most recent market close, shares of The Allstate Corporation [NYSE:ALL] were valued at $91.79. According to the average price forecast, investors can expect a potential return of -0.13%.

FUNDAMENTAL ANALYSIS

The Allstate Corporation [NYSE:ALL] most recently reported quarterly sales of 11.2 billion, which represented growth of 0.40%. This publicly-traded organization’s revenue is $965,111 per employee, while its income is $104,580 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 4.49, 20.47, 21.88 and 15.88 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 21.73 and the whole liability to whole assets at 6.45. It shows enduring liability to the whole principal at 21.73 and enduring liability to assets at 0.06 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 90.65 points at 1st support level, the second support level is making up to 90.01. But as of 1st resistance point, this stock is sitting at 92.51 and at 93.74 for 2nd resistance point.

The Allstate Corporation [ALL] reported its earnings at $2.46 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.55/share signifying the difference of 0.91 and 58.70% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $3.54 calling estimates for $3.5/share with the difference of 0.04 depicting the surprise of 1.10%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.84, it’s amount to book ratio is 1.51 and showing 6.84 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Shapiro Glenn T, PresPersonalProperty&Liability, and it was the sale of 14378.0 shares on Jun 05. Lees Susan L, the EVP, General Counsel & Sec., completed a sale of 12385.0 shares on Jun 05. On Jun 01, SPRIESER JUDITH A, Director, completed a sale of 1783.0 shares.