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 ...

The Allstate Corporation (ALL) recently announced total catastrophe (CAT) losses for July and August at $814 million or $643 million after taxes. For August alone, the amount was estimated at $272 million or $215 million after taxes. August year-to-date catastrophe losses came in at $3.67 billion.In the first half of 2024, its catastrophe losses dropped 35% year over year to $2.85 billion. The August catastrophe losses include 15 events estimated at $306 million. This follows July’s catastrophe losses of $5 ...

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Core Viewpoint - Allstate is expected to report significant earnings growth and revenue increase in its upcoming financial results, indicating strong business performance and investor confidence [1][2]. Financial Performance - Allstate's stock closed at $191.01, reflecting a +0.39% change from the previous trading day, outperforming the S&P 500's loss of 0.29% [1]. - The stock has risen by 5.46% over the past month, compared to the Finance sector's gain of 2.97% and the S&P 500's gain of 1.57% [1]. - The forecasted EPS for Allstate is $3.23, representing a 298.77% increase from the same quarter last year, with expected revenue of $16.24 billion, up 11.35% year-over-year [1]. - Full-year estimates predict earnings of $15.16 per share and revenue of $63.73 billion, indicating year-over-year changes of +1495.79% and +11.03%, respectively [1]. Analyst Estimates and Rankings - Recent revisions to analyst estimates for Allstate reflect positive sentiment regarding the company's business performance [2]. - The Zacks Rank for Allstate is currently 3 (Hold), with a 0.14% increase in the consensus EPS estimate over the last 30 days [2]. Valuation Metrics - Allstate's Forward P/E ratio is 12.55, which is lower than the industry's average Forward P/E of 13.64, indicating a valuation discount [3]. - The current PEG ratio for Allstate is 1.79, compared to the industry average of 1.66, suggesting a reasonable growth expectation relative to its earnings [3]. - The Insurance - Property and Casualty industry, which includes Allstate, holds a Zacks Industry Rank of 20, placing it in the top 8% of over 250 industries [3].

A month has gone by since the last earnings report for Allstate (ALL) . Shares have added about 6.2% 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 its most recent earnings report in order to get a better handle on the important drivers. Allstate Q2 Earnings Beat on Property-Liability Rate HikesAl ...