Allstate Corporation (The) (NYSE:ALL) has tumbled 1.54% during the past week and has dropped 1.09% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.36%. Allstate Corporation (The) (NYSE:ALL) has underperformed the index by 1.99% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Allstate Corporation (The) (NYSE:ALL): The stock opened at $66.44 on Friday but the bulls could not build on the opening and the stock topped out at $66.54 for the day. The stock traded down to $66.03 during the day, due to lack of any buying support eventually closed down at $66.42 with a loss of -0.08% for the day. The stock had closed at $66.47 on the previous day. The total traded volume was 1,858,851 shares.
The company shares have rallied 0.21% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $69.48 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $67.04 and the 200 Day Moving Average price is recorded at $64.43.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Shebik Steven E, officer (EVP & Chief Financial Officer) of Allstate Corp, had unloaded 20,000 shares at an average price of $67.46 in a transaction dated on June 3, 2016. The total value of the transaction was worth $1,349,200.
Currently the company Insiders own 1.58% of Allstate Corporation (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -27.35% . Institutional Investors own 77.49% of Allstate Corporation (The) shares. During last six month period, the net percent change held by insiders has seen a change of -15.47%.
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.