When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?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 brokerage recommendation (ABR) ...

Have you been paying attention to shares of Allstate (ALL) ? Shares have been on the move with the stock up 1.5% over the past month. The stock hit a new 52-week high of $195.87 in the previous session. Allstate has gained 37.9% since the start of the year compared to the 20.1% move for the Zacks Finance sector and the 28.8% return for the Zacks Insurance - Property and Casualty industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our ea ...

The Allstate Corporation’s (ALL) Allstate Protection Plans, a division of ALL, recently announced the acquisition of Kingfisher. The acquiree is a pioneering company in optimizing the lifecycle of smart devices. This strategic move bolsters Allstate’s position in the mobile industry as Kingfisher’s expertise in repair, trade-in, and upgrade solutions aligns well with Allstate’s mission of delivering innovative, consumer-friendly protection plans.This move bodes well for ALL as this acquisition is expected t ...

Allstate (ALL) closed at $190.53 in the latest trading session, marking a +1.2% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.77%. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.87%.Prior to today's trading, shares of the insurer had lost 0.01% over the past month. This has was narrower than the Finance sector's loss of 2.93% and lagged the S&P 500's gain of 4.87% in that time.The investment community will be paying close attent ...

In the latest market close, Allstate (ALL) reached $182.87, with a +0.89% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.97%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.45%.The insurer's stock has dropped by 3.18% in the past month, exceeding the Finance sector's loss of 4.16% and lagging the S&P 500's gain of 5.41%.The investment community will be paying close attention to the earnings performance of Allstate in its upcoming re ...

Allstate (NYSE: ALL ) is on a tear this year, but the stock is still surprisingly cheap. Insurance rates for property and casualty insurance are skyrocketing, while cost inflation has slowed. As one of America's largest property & casualty companies, AllstateAuthor and entrepreneur. My articles typically cover macroeconomic trends, portfolio strategy, value investing, and behavioral finance. I like to profit from the biases and constraints of other investors.You can read some more of my work for free here.A ...

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. Enhanced distribution strategy should lead to improved premiums in force in the coming days. The company keeps expanding its Protection Services business with strategic acquisitions, which positions it for long-term growth.Allstate — with a market cap of $50.5 billion — is a major property and casualty insurance provider with operations in the United States and ...

Allstate (ALL) closed at $189.65 in the latest trading session, marking a +0.68% move from the prior day. This move outpaced the S&P 500's daily gain of 0.42%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.38%.Heading into today, shares of the insurer had lost 0.31% over the past month, lagging the Finance sector's gain of 1.23% and the S&P 500's gain of 2.06% in that time.Analysts and investors alike will be keeping a close eye on the performance of ...

Macroeconomic headwinds, which include interest rate cuts, ongoing inflationary pressures, poor economic growth and continuing wars across several parts of the world, are some factors that have been inducing market volatility. Also, potential volatility from natural catastrophe losses, as well as higher reinsurance costs, raises a concern.The major U.S. stock market indices like the Nasdaq Composite and S&P 500 have declined in the last trading season.Despite such negatives, the Zacks Property and Casualty ...

In the latest trading session, Allstate (ALL) closed at $191.82, marking a -0.55% move from the previous day. This move lagged the S&P 500's daily gain of 0.25%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.56%.The insurer's stock has climbed by 5.35% in the past month, exceeding the Finance sector's gain of 1.86% and the S&P 500's gain of 1.65%.The investment community will be closely monitoring the performance of Allstate in its forthcoming earnings report. The company is expected t ...