Allstate Corporation (The) (ALL) has been under a strong bear grip, hence the stock is down -1.53% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.37% in the past 1 week. The stock has risen by 0.42% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.52% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.23% and the 50-Day Moving Average is 1.17%. Allstate Corporation (The) (NYSE:ALL): stock turned positive on Friday. Though the stock opened at $69.06, the bulls momentum made the stock top out at $69.25 level for the day. The stock recorded a low of $68.8401 and closed the trading day at $69.13, in the green by 0.03%. The total traded volume for the day was 903,080. The stock had closed at $69.11 in the previous days trading.
The company Insiders own 1.58% of Allstate Corporation (The) shares according to the proxy statements. Institutional Investors own 77.43% of Allstate Corporation (The) shares. During last six month period, the net percent change held by insiders has seen a change of -27.35%. Also, In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Allstate Corporation (The) (NYSE:ALL). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $77 per share to $78 per share. The rating by the firm was issued on August 4, 2016.
The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries, including Allstate Insurance Company, Allstate Life Insurance Company and other subsidiaries (collectively, Allstate) are engaged in the property-liability insurance and life insurance business. It offers its products in the United States and Canada. Allstate operates in four business segments: Allstate Protection, Discontinued Lines and Coverages, Allstate Financial, and Corporate and Other. The principal geographic markets for its auto, homeowners, and other personal property and casualty products are in the United States. Through its subsidiaries, it sells various types of personal property and casualty insurance products in around 50 states, the District of Columbia and Puerto Rico. It sells private passenger auto and homeowners insurance through agencies, contact centers and Internet. It sells these products under Allstate, Esurance and Encompass brand names.