Allstate (ALL) Analysts See $1.05 EPS; Western Asset High Income Opportunity Fund (HIO) Has 1.63 Sentiment

July 17, 2017 - By Darrin Black

Western Asset High Income Opportunity Fund Inc. is a diversified, closed-end management investment company. The company has market cap of $661.67 million. The Fund seeks high current income. It currently has negative earnings. Capital appreciation is a secondary objective.

Analysts expect Allstate Corp (NYSE:ALL) to report $1.05 EPS on August, 1 after the close.They anticipate $0.43 EPS change or 69.35% from last quarter’s $0.62 EPS. ALL’s profit would be $384.73M giving it 21.09 P/E if the $1.05 EPS is correct. After having $1.64 EPS previously, Allstate Corp’s analysts see -35.98% EPS growth. About 380,120 shares traded. Allstate Corp (NYSE:ALL) has risen 25.87% since July 17, 2016 and is uptrending. It has outperformed by 9.17% the S&P500.

Fca Corp Tx holds 2.18% of its portfolio in Western Asst High Incm Opprtnty Fnd Inc. for 877,728 shares. Rivernorth Capital Management Llc owns 5.12 million shares or 1.67% of their US portfolio. Moreover, Alethea Capital Management Llc has 0.72% invested in the company for 114,755 shares. The Texas-based Doliver Capital Advisors Inc. has invested 0.46% in the stock. Fort Point Capital Partners Llc, a California-based fund reported 115,424 shares.

About 33,582 shares traded. Western Asst High Incm Opprtnty Fnd Inc. (HIO) has risen 8.67% since July 17, 2016 and is uptrending. It has underperformed by 8.03% the S&P500.

Among 17 analysts covering The Allstate Corporation (NYSE:ALL), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. The Allstate Corporation had 30 analyst reports since August 4, 2015 according to SRatingsIntel. Credit Suisse downgraded the stock to “Neutral” rating in Friday, January 6 report. RBC Capital Markets maintained the shares of ALL in report on Friday, February 5 with “Sector Perform” rating. Deutsche Bank maintained the shares of ALL in report on Thursday, August 4 with “Buy” rating. Deutsche Bank upgraded the stock to “Hold” rating in Monday, August 10 report. The stock of Allstate Corp (NYSE:ALL) earned “Neutral” rating by Compass Point on Wednesday, August 5. The stock of Allstate Corp (NYSE:ALL) has “Outperform” rating given on Tuesday, November 3 by Credit Suisse. Macquarie Research downgraded Allstate Corp (NYSE:ALL) rating on Wednesday, April 19. Macquarie Research has “Neutral” rating and $81 target. The firm earned “Buy” rating on Friday, June 23 by Wells Fargo. Keefe Bruyette & Woods maintained the shares of ALL in report on Tuesday, June 13 with “Hold” rating. On Thursday, October 15 the stock rating was initiated by Piper Jaffray with “Overweight”.

Since February 3, 2017, it had 0 insider buys, and 12 insider sales for $23.52 million activity. Lees Susan L had sold 33,806 shares worth $2.88 million. Another trade for 10,000 shares valued at $777,200 was sold by TAYLOR MARY ALICE. 8,582 shares valued at $719,858 were sold by PILCH SAMUEL H on Wednesday, May 3. 33,616 shares valued at $2.86 million were sold by Shebik Steven E on Thursday, May 4. The insider Gupta Sanjay sold 16,798 shares worth $1.44 million. The insider Winter Matthew E sold 33,956 shares worth $2.79 million.

Investors sentiment increased to 0.97 in Q4 2016. Its up 0.11, from 0.86 in 2016Q3. It is positive, as 45 investors sold Allstate Corp shares while 276 reduced holdings. 93 funds opened positions while 219 raised stakes. 266.79 million shares or 0.98% less from 269.42 million shares in 2016Q3 were reported. Moreover, Hm Payson & has 0.05% invested in Allstate Corp (NYSE:ALL) for 15,123 shares. Brandywine Global Investment Management Lc reported 0.18% in Allstate Corp (NYSE:ALL). Stephens Ar accumulated 3,721 shares. Citigroup has invested 0.04% of its portfolio in Allstate Corp (NYSE:ALL). Next Fin Grp Inc Inc holds 0% or 972 shares. Stock Yards Fincl Bank Trust holds 0.04% of its portfolio in Allstate Corp (NYSE:ALL) for 3,674 shares. Qs Investors Limited holds 171,686 shares. Verition Fund Mgmt Ltd Liability Corporation invested in 29,002 shares or 0.19% of the stock. Winslow Evans Crocker reported 626 shares. Patten Grp Inc Inc stated it has 654 shares or 0.02% of all its holdings. Deroy And Devereaux Private Counsel has 1.66% invested in Allstate Corp (NYSE:ALL). Johnson Fin Gru stated it has 0.1% of its portfolio in Allstate Corp (NYSE:ALL). Pzena Mgmt accumulated 1.47M shares or 0.62% of the stock. First Trust Advsr L P reported 181,182 shares. Thompson Davis And stated it has 0.01% in Allstate Corp (NYSE:ALL).

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