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$ALL Upgrade ignites Breakout in Allstate.

NYSE:ALL   ALLSTATE CORP
Will look for entry on a back-test of support with $115 as near term target.
MACD has given a buy signal on cross above Zero while the Histogram also ticks higher and green.
Rsi can run much higher, new volume needed.
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Allstate initiated at JPMorgan Allstate assumed with an Overweight at JPMorgan. JPMorgan analyst Jimmy Bhullar assumed coverage of Allstate with an Overweight rating and raised his price target for the shares to $127 from $120. Allstate is the best combination of a strong franchise, healthy business fundamentals, and an attractive valuation in the Property and Casualty sector, says the analyst.
thefly.com

P/E 13 ratio
Company profile
The Allstate Corp. engages in the property and casualty insurance business and the sale of life and accident and health insurance products through its subsidiaries. It operates through following business segments: Allstate Protection, Service Businesses, Allstate Life, Allstate Benefits, Allstate Annuities, Discontinued Lines and Coverages, and Corporate and Other. The Allstate Protection segment sells private passenger auto and homeowners insurance through agencies and directly through call centers and the internet. These products are marketed under the Allstate, Encompass, and Esurance brand names. The Service Businesses segment offers a range of products and services that expand and enhance customer value propositions including SquareTrade, Arity, Allstate Roadside, and Allstate Dealer Services. The Allstate Life segment provides traditional, interest-sensitive, and variable life insurance products through Allstate exclusive agencies and exclusive financial specialists. The Allstate Benefits segment offers voluntary benefits products, including life, accident, critical illness, short-term disability and other health products sold through workplace enrolling independent agents and Allstate exclusive agencies. The Allstate Annuities segment consists of deferred fixed annuities and immediate fixed annuities. The Discontinued Lines and Coverages segment includes results from property and casualty insurance coverage that primarily relates to policies written during the 1960s through the mid-1980s. The Corporate and Other segment comprises of the company's activities and certain non-insurance operations. The company was founded on April 17, 1931 and is headquartered in Northbrook, IL..
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