The Zacks Property and Casualty Insurance industry is placed within the top 11% of the 250 Zacks industries. It currently carries a Zack Industry Rank #28. The insurers remain well-poised for growth riding on better pricing, prudent underwriting, increased exposure, an improving rate environment, a solid capital position and ongoing economic expansion.The property and casualty (P&C) insurance industry has returned 33.8% in the year-to-date period, outperforming the Zacks S&P 500 composite and the Finance se ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe ar ...

It has been about a month since the last earnings report for Allstate (ALL) . Shares have added about 11.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Allstate due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Allstate Q3 Earnings Beat on Strong Premium and In ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Allstate (ALL) - Allstate currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Performance Metrics - Over the past week, Allstate shares increased by 3.51%, outperforming the Zacks Insurance - Property and Casualty industry, which rose by 2.15% [6] - In the last month, Allstate's shares rose by 11.42%, compared to the industry's 8.77% [6] - Over the past quarter, Allstate shares increased by 9.87%, and over the last year, they gained 52.36%, while the S&P 500 rose by 7.52% and 33.61%, respectively [7] Trading Volume - Allstate's average 20-day trading volume is 1,796,481 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, 9 earnings estimates for Allstate have been revised upwards, while only 2 were revised downwards, leading to an increase in the consensus estimate from $15.20 to $16.07 [10] - For the next fiscal year, 10 estimates have moved upwards with no downward revisions [10] Conclusion - Given the strong performance metrics and positive earnings outlook, Allstate is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for investors seeking short-term gains [11]

Group 1 - Allstate (ALL) shows a significant improvement in earnings outlook, making it an attractive investment option [1][7] - Analysts are increasingly optimistic about Allstate's earnings prospects, leading to higher earnings estimates which are expected to positively impact the stock price [2][3] - The Zacks Rank system indicates strong performance potential, with Allstate currently holding a Zacks Rank 2 (Buy) due to favorable estimate revisions [6] Group 2 - The current quarter's earnings estimate is $5.60 per share, reflecting a decrease of 3.78% year-over-year, but the Zacks Consensus Estimate has increased by 6.66% over the last 30 days [4] - For the full year, Allstate is projected to earn $16.07 per share, representing a remarkable year-over-year increase of 1591.58%, with a 13.47% rise in consensus estimates over the past month [5] - The stock has gained 6% over the past four weeks, driven by solid estimate revisions, suggesting strong earnings growth prospects [7]

Core Viewpoint - Allstate's stock has shown strong performance, increasing 6% over the past month and reaching a new 52-week high of $203.54, with a year-to-date gain of 45.4% compared to the Zacks Finance sector's 24.5% and the Zacks Insurance - Property and Casualty industry's 31.8% [1] Financial Performance - Allstate reported EPS of $3.91 in its last earnings report, significantly exceeding the consensus estimate of $2.2, and beat the consensus revenue estimate by 0.88% [2] - For the current fiscal year, Allstate is projected to achieve earnings of $16.07 per share on revenues of $64.32 billion, reflecting a 1591.58% increase in EPS and a 12.06% increase in revenues [3] - The next fiscal year is expected to see earnings of $19.14 per share on revenues of $68.87 billion, indicating year-over-year changes of 19.07% and 7.08%, respectively [3] Valuation Metrics - Allstate's current trading metrics include a P/E ratio of 12.7X for the current fiscal year EPS estimates, below the peer industry average of 14.2X, and a trailing cash flow basis P/E of 49.2X compared to the peer group's average of 13.6X [7] - The stock has a PEG ratio of 1.81, which does not place it among the top echelon of stocks from a value perspective [7] Zacks Rank - Allstate holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [8] - The company meets the criteria for selection based on Zacks Rank and Style Scores, indicating potential for further gains [9] Industry Comparison - The Insurance - Property and Casualty industry is performing well, ranking in the top 14% of all industries, suggesting positive tailwinds for both Allstate and its peer, Axis Capital Holdings Limited [12] - Axis Capital Holdings Limited has also shown strong performance, with a Zacks Rank of 2 (Buy) and expected earnings of $11.65 per share on revenues of $6.14 billion for the current fiscal year [10][11]

Shares of The Allstate Corporation (ALL) have rallied 41% over the year-to-date period to close at $197.29 on Wednesday. The significant gains have pushed the stock’s price closer to the upper end of its 52-week range of $134.17-$201. It outperformed its peers like MetLife, Inc. (MET) and American International Group, Inc. (AIG) , the overall industry, and the S&P 500 Index during this time.YTD Price Performance Comparison Image Source: Zacks Investment ResearchALL’s Earnings Estimates & ValuationThe Zacks ...

Group 1 - The Allstate Corporation (ALL) is experiencing significant activity in the options market, particularly with the Dec. 20, 2024 $60 Put showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a rally or sell-off [2] - Allstate currently holds a Zacks Rank 2 (Buy) in the Insurance - Property and Casualty industry, which is in the top 12% of the Zacks Industry Rank, with analysts increasing earnings estimates from $5.23 to $5.60 per share over the last 60 days [3] Group 2 - The high implied volatility for Allstate may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]

Core Viewpoint - The article emphasizes the importance of value investing and highlights Allstate (ALL) as a strong candidate for value investors due to its favorable valuation metrics and earnings outlook [2][4][7]. Company Analysis - Allstate (ALL) has a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4]. - The stock is currently trading at a P/E ratio of 10.87, significantly lower than the industry average of 28.91, suggesting it may be undervalued [4]. - Over the past 52 weeks, ALL's Forward P/E has fluctuated between a high of 12.72 and a low of -83.58, with a median of 11.20 [4]. - The PEG ratio for ALL is 1.55, which is lower than the industry average of 2.90, indicating a favorable growth outlook relative to its valuation [5]. - ALL's PEG has ranged from a high of 1.82 to a low of -11.94 over the last 12 months, with a median of 1.53 [5]. - The P/S ratio for ALL is 0.83, compared to the industry average of 1.19, further supporting the notion that the stock is undervalued [6]. - These metrics collectively suggest that ALL is likely undervalued and presents an impressive value opportunity at the moment [7].

Core Viewpoint - Allstate Corporation's Allstate Health Solutions has partnered with Intuit QuickBooks, Thatch, and Ambetter Health to enhance healthcare coverage flexibility through Individual Coverage Health Reimbursement Arrangements, allowing businesses to reimburse employees for individual health plans tax-free [1][2]. Group 1: Partnership and Product Development - The collaboration will utilize QuickBooks' payroll subscription services, simplifying healthcare administration and allowing employees to choose tailored plans within their employer's budget [2]. - Ambetter Health plans to launch a new product, Ambetter Health Solutions, in select states by 2025 as part of this partnership [3]. Group 2: Financial Performance - Allstate's Health and Benefits business premium and contract charges increased by 5.2% year over year to $487 million in Q3 2024, with expectations for greater enrollment to further boost this figure [3]. - The adjusted net income for Allstate's Health and Benefits division declined by 46.4% year over year in Q3, indicating a need for improved operational efficiency [4]. Group 3: Market Performance - Allstate shares have risen by 15.8% over the past six months, outperforming the industry average increase of 12.8% [5].