The Allstate Corporation’s Stock Price Soars to $166.81, Marks an Uplift of 0.72%

The Allstate Corporation (ALL)

166.81 USD +1.20 (+0.72%) Volume: 1.71M

The Allstate Corporation’s stock price stands at 166.81 USD, witnessing a positive trading session with a rise of +0.72% and a trading volume of 1.71M. With a robust YTD percentage change of +19.17%, Allstate (ALL) continues to exhibit strong stock performance in the market.

Latest developments on The Allstate Corporation

Despite fluctuations in Allstate Corp‘s stock performance in comparison to competitors earlier this week, there was a notable rise in Allstate’s stock price following strong trading. This surge was further bolstered by Keefe, Bruyette & Woods raising Allstate’s price target to $189.00, an increase from the previous $173.00 target. Furthermore, Allstate’s Fixed Rate Noncumulative Perpetual Preferred Stock, Series J shares crossed the 7% yield mark, signifying promising returns for investors. Future forecasts from Roth Capital also predict a robust Q4 2024 earnings of $4.49 per share for Allstate.

The Allstate Corporation on Smartkarma

Analysts at Baptista Research on Smartkarma have published a bullish report on Allstate Corp, titled “The Allstate Corporation: Transforming Insurance – Key Moves in Their Growth Strategy! – Major Drivers”. The report highlights how Allstate managed to surpass analyst expectations in terms of revenue and earnings, reporting a 9.8% increase in revenues in the third quarter, totaling $14.5 billion. The merger with National General also provided an opportunity for Allstate to consolidate its voluntary benefits business, showcasing positive growth prospects for the company.

A look at The Allstate Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Allstate Corp has a mixed long-term outlook. While the company scores well in terms of momentum, indicating strong positive price trends, it falls short in areas such as value, dividend, and growth. With a resilience score of 3, Allstate Corp shows a moderate ability to withstand economic downturns. Investors may want to consider the company’s overall performance across these factors before making investment decisions.

The Allstate Corporation, known for providing property-liability insurance in the US and Canada, faces a somewhat uncertain future according to the Smartkarma Smart Scores. While the company demonstrates strong momentum, suggesting favorable market conditions, its scores in value, dividend, and growth are less impressive. With a resilience score of 3, Allstate Corp shows a decent ability to weather challenges. Investors should carefully weigh these factors when evaluating the company’s long-term prospects.

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