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Should Value Investors Buy Allstate (ALL) Stock?
ZACKS· 2024-11-15 15:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on ke ...
Allstate Unveils Flexible Healthcare Solutions With Key Partnerships
ZACKS· 2024-11-15 15:10
The Allstate Corporation’s (ALL) Allstate Health Solutions, a division of ALL, recently teamed up with Intuit QuickBooks, Thatch, and Ambetter Health to make healthcare coverage more flexible. This collaboration introduces Individual Coverage Health Reimbursement Arrangements, offering businesses an innovative way to reimburse employees for individual health plans, tax-free.This move bodes well for Allstate Health Solutions as it will leverage QuickBooks’ payroll subscription services, an efficient platform ...
5 P&C Insurance Stocks to Gain From Prudent Underwriting
ZACKS· 2024-11-14 15:45
The Zacks Property and Casualty Insurance (P&C) industry is likely to benefit from better pricing, prudent underwriting and exposure growth. Industry players like The Progressive Corporation (PGR) , Chubb Limited (CB) , The Travelers Companies (TRV) , The Allstate Corporation (ALL) and Cincinnati Financial Corporation (CINF) are poised to grow despite a rise in catastrophic activities. Given an active catastrophe environment, the policy renewal rate should accelerate. Also, the increasing adoption of techno ...
Is Allstate (ALL) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2024-11-13 15:30
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?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 ...
Allstate (ALL) is a Top-Ranked Value Stock: Should You Buy?
ZACKS· 2024-11-06 15:45
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Styl ...
Allstate Q3 Earnings Beat on Strong Premium and Investment Income
ZACKS· 2024-10-31 18:21
The Allstate Corporation (ALL) reported third-quarter 2024 adjusted net income of $3.91 per share, which outpaced the Zacks Consensus Estimate by a whopping 77.7%. The bottom line increased nearly five-fold year over year.Operating revenues advanced 12.3% year over year to $16.4 billion on the back of higher earned premiums from Property-Liability unit. The top line beat the consensus mark by 0.9%.The quarterly results benefited from strong growth in earned premiums, improved underwriting income and robust ...
Aallstate(ALL) - 2024 Q3 - Earnings Call Transcript
2024-10-31 17:35
The Allstate Corporation (NYSE:ALL) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Alastair Gobin - Head of Investor Relations Tom Wilson - President and CEO Jess Merten - EVP and CFO Mario Rizzo - President, Property-Liability Conference Call Participants Jimmy Bhullar - JPMorgan Gregory Peters - Raymond James Yaron Kinar - Jefferies Bob Huang - Morgan Stanley David Motemaden - Evercore ISI Josh Shanker - Bank of America Operator Good day, and thank you for standing by. W ...
Aallstate(ALL) - 2024 Q3 - Earnings Call Presentation
2024-10-31 14:03
| --- | --- | --- | --- | |------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 10.31.2024 The Allstate Corporation Third Quarter 2024 Earnings Presentation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Forward-looking statements and non-GAAP financial information This presentation contains forward-looking statements and information. This presentation also contains non- GAAP measures ...
Compared to Estimates, Allstate (ALL) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-31 01:30
Allstate (ALL) reported $16.38 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 12.4%. EPS of $3.91 for the same period compares to $0.81 a year ago.The reported revenue represents a surprise of +0.88% over the Zacks Consensus Estimate of $16.24 billion. With the consensus EPS estimate being $2.20, the EPS surprise was +77.73%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...
Allstate (ALL) Q3 Earnings and Revenues Surpass Estimates
ZACKS· 2024-10-30 22:45
Allstate (ALL) came out with quarterly earnings of $3.91 per share, beating the Zacks Consensus Estimate of $2.20 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 77.73%. A quarter ago, it was expected that this insurer would post earnings of $0.33 per share when it actually produced earnings of $1.61, delivering a surprise of 387.88%.Over the last four quarters, the company has sur ...