Trading Near 52-Week High, Why Allstate Stock is Still Worth Buying

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 ...