As we move closer to the New Year, we are all hoping for a prosperous 2025, which, in turn, will be reflected in our investment portfolio. The insurance industry has gained 29.6% year to date compared with the Finance sector’s increase of 21% and the Zacks S&P 500 composite’s rise of 28.3%. Despite an active catastrophe environment and rate cuts, the industry has outperformed, banking on better pricing, exposure growth and accelerated digitalization.Driven by their strength, insurers like The Allstate Corpo ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, December 18th:BBVA Banco Frances (BBAR) : This company which offers retail and corporate banking to individuals, SME's and large-sized companies in Argentina, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of 7.4%, compared with the industry average of 3.8%.Tapestry (TPR) : This comp ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:LATAM Airlines Group (LTM) : This company which offers domestic and international passenger and cargo air services primarily in Chile, the United States, the South Pacific, Europe and Latin America, has seen the Zacks Consensus Estimate for its current year earnings increasing 26.4% over the last 60 days.Omnicell (OMCL) : This company which develops and markets end-to-end automation solutions for the medication-use process, has seen the ...

The most recent trading session ended with Allstate (ALL) standing at $195.02, reflecting a -0.63% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.38%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw an increase of 1.24%.Shares of the insurer have depreciated by 0.31% over the course of the past month, underperforming the Finance sector's gain of 0.1% and the S&P 500's gain of 1.17%.Analysts and investors alike will be ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Allstate (ALL), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank to make informed investment decisions [1][4]. Brokerage Recommendations - Allstate has an average brokerage recommendation (ABR) of 1.62, indicating a consensus between Strong Buy and Buy, based on 21 brokerage firms [2]. - Out of the 21 recommendations, 16 are Strong Buy and 1 is Buy, which accounts for 76.2% and 4.8% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Solely relying on brokerage recommendations may not be advisable, as studies indicate they often fail to guide investors effectively towards stocks with high potential for price appreciation [4]. - Brokerage analysts tend to exhibit a positive bias due to their firms' vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [5][9]. Zacks Rank as an Alternative - The Zacks Rank, which classifies stocks from 1 (Strong Buy) to 5 (Strong Sell), is presented as a more reliable indicator of near-term price performance, based on earnings estimate revisions [7][10]. - The Zacks Rank is updated more frequently than the ABR, making it a timely tool for predicting future stock prices [11]. Current Earnings Estimates for Allstate - The Zacks Consensus Estimate for Allstate has increased by 1.6% over the past month to $16.26, reflecting analysts' growing optimism about the company's earnings prospects [12]. - This increase in consensus estimates, along with other factors, has resulted in a Zacks Rank of 2 (Buy) for Allstate, suggesting a positive outlook for the stock [13].

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]