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 ...

Core Viewpoint - Allstate Corporation's acquisition of Kingfisher enhances its position in the mobile industry by leveraging Kingfisher's expertise in optimizing the lifecycle of smart devices, aligning with Allstate's mission to provide innovative protection plans [1][2] Group 1: Acquisition Details - The acquisition of Kingfisher, a company founded in 2016, is expected to improve Allstate's ability to serve mobile carriers, manufacturers, and retailers globally [1] - Kingfisher specializes in repair, trade-in, and upgrade solutions, which supports Allstate's focus on sustainable device ownership and protection [1] - This strategic move is anticipated to facilitate the circulation of new and second-life devices, addressing the mobile industry's increasing emphasis on environmental responsibility [1] Group 2: Market Impact - Allstate has established major partnerships with global carriers such as Telenor, Softbank, Three, and T-Mobile, which will be further strengthened by the enhanced offerings from Kingfisher [2] - The acquisition is expected to lead to improved results in the Protection Services segment, which saw a revenue increase of 12.7% year over year in Q2 2024 [2] - With Allstate's global resources, Kingfisher's solutions are projected to reach billions of users, providing both environmental and economic benefits [2] Group 3: Stock Performance - Allstate shares have increased by 16% over the past six months, outperforming the industry average rise of 14.9% [3]

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].

Company Performance - Allstate closed at $189.65, reflecting a +0.68% change from the previous day, outperforming the S&P 500's gain of 0.42% [1] - Over the past month, Allstate shares have decreased by 0.31%, underperforming the Finance sector's gain of 1.23% and the S&P 500's gain of 2.06% [1] - The upcoming earnings disclosure is anticipated, with projected earnings per share (EPS) of $3.27, indicating a 303.7% increase year-over-year, and revenue forecasted at $16.24 billion, representing an 11.36% growth [1] Full Year Estimates - For the full year, analysts expect earnings of $15.20 per share and revenue of $63.73 billion, reflecting changes of +1500% and +11.04% respectively from the previous year [2] - Recent revisions to analyst forecasts are crucial as they indicate short-term business trends and analysts' confidence in the company's performance [2] Valuation Metrics - Allstate has a Forward P/E ratio of 12.39, which is lower than the industry average of 13.69 [3] - The company has a PEG ratio of 1.77, compared to the industry average PEG ratio of 1.51 [3] Industry Overview - The Insurance - Property and Casualty industry is part of the Finance sector and holds a Zacks Industry Rank of 19, placing it in the top 8% of over 250 industries [4] - The Zacks Industry Rank is based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]

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 ...

In the latest trading session, Allstate (ALL) closed at $191.82, marking a -0.55% move from the previous day. This move lagged the S&P 500's daily gain of 0.25%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.56%.The insurer's stock has climbed by 5.35% in the past month, exceeding the Finance sector's gain of 1.86% and the S&P 500's gain of 1.65%.The investment community will be closely monitoring the performance of Allstate in its forthcoming earnings report. The company is expected t ...