The most recent trading session ended with Allstate (ALL) standing at $191.01, reflecting a +0.39% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.29%. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq lost 0.31%.The the stock of insurer has risen by 5.46% in the past month, leading the Finance sector's gain of 2.97% and the S&P 500's gain of 1.57%.Market participants will be closely following the financial results of Allstate in its upcoming re ...

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 ...

The Allstate Corporation (ALL) is well-poised to grow on the back of rising premiums thanks to rate increases in auto and home insurance businesses. The company keeps expanding its Protection Services business with strategic acquisitions, which positions it for long-term growth.Allstate — with a market cap of $49.4 billion — is a major property and casualty insurance provider with operations in the United States and Canada. Courtesy of solid prospects, this presently Zacks Rank #3 (Hold) stock is worth reta ...

Brett_Hondow In our last coverage of The Allstate Corporation (NYSE:ALL), we were unfazed by the losses the company was generating. We suggested that a more nuanced look at the valuation metrics put the stock in the attractive zone. Everyone saw the losses in Q2-2022 to Q4-2022, and yet, there was a miracle expected with over $9.00 in earnings per share. Wall Street always goes down the slope of hope and it takes time to price things out. That said, we think we can make a case here. That case is that AL ...

The Allstate Corporation (ALL) recently announced that the initial loss estimate from Hurricane Beryl was at $226 million. It was expected to witness a significant impact when the hurricane made landfall in Texas (Jul 8, 2024), where the company has major homeowners and automobile insurance operations.According to Verisk’s Extreme Event Solutions group estimates, U.S. onshore wind property losses from Beryl were within the $2-$3 billion range. Allstate also reported estimated catastrophe losses of $587 mill ...

Investors and analysts alike cheered a sizable asset sale announced by the company.Veteran insurance company Allstate (ALL 5.23%) hit a major stock-market milestone on Wednesday. The company shares surged by 5% to close at the highest level in their history. The soaring company also benefited from several positive analyst moves. Allstate's rise trounced that of the S&P 500 index, which rose by slightly under 0.4% on the day. A large asset saleInvestors were particularly excited by a major divestment announc ...

Key TakeawaysAllstate sold its Employer Voluntary Benefits business to StanCorp Financial Group for $2 billion.The insurance company said the decision was part of its effort to sell its three Allstate Health & Benefits units.The news sent Allstate shares up by 4% to an all-time high Wednesday, putting the company among the top four performers in the S&P 500 index. Allstate (ALL) shares reached an all-time high Wednesday after the insurance provider announced it sold its Employer Voluntary Benefits business ...

文章核心观点 - 美国股市在8月初经历了一次大幅下跌,但随后迅速反弹,表明这只是一次常规的市场调整,而非系统性崩盘 [1][2][3][5] - 美国股市正在试图形成一个基础,这对投资者来说是一个积极的信号 [6][7] - 2024年"买入下跌"将是最佳投资策略,因为市场有充足的流动性支撑 [8][9][10] 行业和公司总结 旅游业 - 皇家加勒比游轮(RCL)二季度业绩超预期,受益于需求强劲和船上收入增长 [13][14][15] - RCL对2024年的需求和定价前景保持乐观,正在投资数字化平台和新船型以提升收益 [15][16] 工业设备 - 维迪公司(VRT)为数据中心、通信网络等提供关键数字基础设施,业绩和前景良好 [17][18] 公用事业 - 奎塔服务公司(PWR)受益于客户基础设施现代化和可再生能源投资,业绩和指引均有提升 [19][20][21] 消费品 - 德克斯户外公司(DECK)通过品牌拓展和直销渠道发展,维持了良好的增长态势 [22][23][24] 保险 - 艾尔斯泰特公司(ALL)凭借收购和费率上调实现了保费的持续增长,并通过优化业务提升了盈利能力 [25][26][27]

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?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Allstate (ALL) .Allstate currently has an average brokerage recom ...

The Allstate Corporation (ALL) reported strong second-quarter results, which benefited on the back of prudent rate increases, rise in Market-based investment income and insurance premiums. Also, improved Property-Liability underwriting results, thanks to its profit improvement plan, lower catastrophe losses and total expenses, aided the bottom line.The second-quarter 2024 adjusted net income of $1.61 per share surpassed the Zacks Consensus Estimate of 33 cents. The company reported a loss of $4.42 per share ...