Allstate (ALL) value play

As the economy opens up, insurance rates will slowly increase and the pandemic hit insurance companies especially hard. Fundamentals: EPS: $17.526 P/E: 7x compared to industry ~14.7x Undervalued by 44% by Yahoo's standards closer to 50% by my opinion Technical Analysis: Extra Short Term (next 5 days): Slightly bearish, but a buying opportunity Short Term (next month): Uncertain, earnings will outperform but still be poor by my expectations (Earnings May 5) Medium Term (next 3-6 months): Bullish, reopening and increasing miles driven by commuters Long Term (6 months+): Bullish, unless ALL hits $160+ Volume: ~1.5 million for the past few months Who's holding? Blackrock and BoA are major stakeholders Concerns? Economy reopening will have issues Low growth expectations Very few insiders holding shares

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Allstate (ALL) value play

Apr 21, 2021

bullish

fundamentals Analysis

[< 1 min Read]

As the economy opens up, insurance rates will slowly increase and the pandemic hit insurance companies especially hard.

Fundamentals:

EPS: $17.526

P/E: 7x compared to industry ~14.7x

Undervalued by 44% by Yahoo's standards closer to 50% by my opinion

Technical Analysis:

Extra Short Term (next 5 days): Slightly bearish, but a buying opportunity

Short Term (next month): Uncertain, earnings will outperform but still be poor by my expectations (Earnings May 5)

Medium Term (next 3-6 months): Bullish, reopening and increasing miles driven by commuters

Long Term (6 months+): Bullish, unless ALL hits $160+

Volume: ~1.5 million for the past few months

Who's holding?

Blackrock and BoA are major stakeholders

Concerns?

Economy reopening will have issues

Low growth expectations

Very few insiders holding shares

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ALL

The Allstate Corporation

130.70

0
0.00%

Return

-
Position Return %
0.00
Position Return
123.90
Price When Posted

Metrics

155.00
Target Price
7/ 10
Confidence
6-12 Months
Timeframe
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Earnings Per Share
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Financials
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Management
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Price to Earnings Ratio
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Dividend
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