The latest trading session saw Allstate (ALL) ending at $192.64, denoting a -1.4% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.18%. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq gained 0.27%. Prior to today's trading, shares of the insurer had gained 2.29% over the past month. This has outpaced the Finance sector's loss of 3.02% and lagged the S&P 500's gain of 4.46% in that time. Investors will be eagerly watching for the performanc ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Allstate (ALL) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Allstate currently has an average brokerage recommendation (ABR) ...

Have you been paying attention to shares of Allstate (ALL) ? Shares have been on the move with the stock up 1.5% over the past month. The stock hit a new 52-week high of $195.87 in the previous session. Allstate has gained 37.9% since the start of the year compared to the 20.1% move for the Zacks Finance sector and the 28.8% return for the Zacks Insurance - Property and Casualty industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our ea ...

The Allstate Corporation’s (ALL) Allstate Protection Plans, a division of ALL, recently announced the acquisition of Kingfisher. The acquiree is a pioneering company in optimizing the lifecycle of smart devices. This strategic move bolsters Allstate’s position in the mobile industry as Kingfisher’s expertise in repair, trade-in, and upgrade solutions aligns well with Allstate’s mission of delivering innovative, consumer-friendly protection plans.This move bodes well for ALL as this acquisition is expected t ...

Allstate (ALL) closed at $190.53 in the latest trading session, marking a +1.2% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.77%. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.87%.Prior to today's trading, shares of the insurer had lost 0.01% over the past month. This has was narrower than the Finance sector's loss of 2.93% and lagged the S&P 500's gain of 4.87% in that time.The investment community will be paying close attent ...

In the latest market close, Allstate (ALL) reached $182.87, with a +0.89% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.45%.The insurer's stock has dropped by 3.18% in the past month, exceeding the Finance sector's loss of 4.16% and lagging the S&P 500's gain of 5.41%.The investment community will be paying close attention to the earnings performance of Allstate in its upcoming re ...

Allstate (NYSE: ALL ) is on a tear this year, but the stock is still surprisingly cheap. Insurance rates for property and casualty insurance are skyrocketing, while cost inflation has slowed. As one of America's largest property & casualty companies, AllstateAuthor and entrepreneur. My articles typically cover macroeconomic trends, portfolio strategy, value investing, and behavioral finance. I like to profit from the biases and constraints of other investors.You can read some more of my work for free here.A ...

Core Viewpoint - Allstate Corporation is positioned for growth due to rising premiums from rate increases in auto and home insurance, along with strategic acquisitions in its Protection Services business [1]. Group 1: Company Overview - Allstate has a market capitalization of $50.5 billion and operates primarily in the property and casualty insurance sector in the United States and Canada [1]. - The stock currently holds a Zacks Rank of 3 (Hold), indicating it is worth retaining at this time [1]. Group 2: Price Performance - Allstate's shares have increased by 71.5% over the past year, outperforming the industry and the S&P 500 Index, which grew by 34.1% and 34.2%, respectively [2]. - The current stock price is $191.25, close to its 52-week high of $193.97, reflecting strong investor confidence [2]. Group 3: Key Drivers - The company is effectively combating inflationary pressures and claim expenses in the auto insurance sector through strategic rate hikes [3]. - Management aims to enhance market share in auto insurance by improving offerings and customer experience, leveraging independent agents, and launching new products [3]. - Improved retention rates in both auto and homeowners insurance are expected to contribute to future growth [3]. Group 4: Earnings Estimates - The Zacks Consensus Estimate for Allstate's 2024 earnings is $15.20 per share, a significant increase from the previous year's $0.95 [5]. - The 2025 earnings estimate suggests an additional 18.1% year-over-year growth, with revenue growth projections of 11% for 2024 and 6.3% for 2025 [5]. Group 5: Key Concerns - Allstate's trailing 12-month price-to-book value is 3.02X, higher than the industry average of 1.62X, indicating potential overvaluation [6]. - The company's debt level stands at $8.1 billion, with a total debt to capital ratio of 30.3%, exceeding the industry average of 17.2% [6].

Allstate (ALL) closed at $189.65 in the latest trading session, marking a +0.68% move from the prior day. This move outpaced the S&P 500's daily gain of 0.42%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.38%.Heading into today, shares of the insurer had lost 0.31% over the past month, lagging the Finance sector's gain of 1.23% and the S&P 500's gain of 2.06% in that time.Analysts and investors alike will be keeping a close eye on the performance of ...

Macroeconomic headwinds, which include interest rate cuts, ongoing inflationary pressures, poor economic growth and continuing wars across several parts of the world, are some factors that have been inducing market volatility. Also, potential volatility from natural catastrophe losses, as well as higher reinsurance costs, raises a concern.The major U.S. stock market indices like the Nasdaq Composite and S&P 500 have declined in the last trading season.Despite such negatives, the Zacks Property and Casualty ...