NYSE - Delayed Quote ? USD The Allstate Corporation (ALL-PH) Follow Compare 24.30 -0.12 (-0.49%) At close: 4:00 PM EDT All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Brokers Suggest Investing in Allstate (ALL): Read This Before Placing a Bet The average brokerage recommendation (ABR) for Allstate (ALL) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock? Zacks ? yesterday ALL Allstate Announces September and Third Quarter 2024 Catastrophe Losses, Run-off Reserve Review and Third Quarter 2024 Implemented Rates NORTHBROOK, Ill., October 17, 2024--The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of September of $889 million or $702 million, after-tax, including $630 million, pre-tax, related to Hurricane Helene. Total catastrophe losses for the third quarter were $1.70 billion or $1.35 billion, after-tax, and total catastrophe losses for September year-to-date were $4.55 billion or $3.60 billion, after-tax. Business Wire ? yesterday ALL ALL-PH -0.49% ALL-PI -0.09% Why Allstate (ALL) is a Top Momentum Stock for the Long-Term The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. Zacks ? 2 days ago ALL The Allstate Corporation (ALL) Hit a 52 Week High, Can the Run Continue? Allstate (ALL) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. Zacks ? 2 days ago ALL NMIH Allstate Acquires Kingfisher, Enhances Mobile Industry Offerings ALL's acquisition of Kingfisher bodes well. The acquisition aids in the enhancement of the company's Protection Plans offerings for smart devices. Zacks ? 3 days ago ALL AXP Allstate (ALL) Laps the Stock Market: Here's Why Allstate (ALL) closed the most recent trading day at $190.53, moving +1.2% from the previous trading session. Zacks ? 3 days ago ^GSPC ALL Here's Why Allstate (ALL) is a Strong Value Stock Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores. Zacks ? 7 days ago ALL How Hurricane Milton could change the insurance market In a new note, Piper Sandler said that Hurricane Milton could significantly change the insurance market. Piper Sandler managing director Paul Newsome joins Market Domination Overtime to lay out the case and discuss how the market is particularly changing in Florida. Newsome expects a lot of uncertainty for the industry after the hurricane hits, saying, "We don't know what the losses will be. They could be the biggest we've ever seen. Theoretically, that could have wide-ranging changing effects on the industry for pricing terms and conditions, how the things are regulated." While insurance stocks were under pressure as the storm barreled toward Florida, he explains, "They're already starting to recover a little bit because I think the peak here was probably yesterday, and the industry is designed to handle a large event and spread the losses globally." He adds that the stocks will likely bounce back a week or two after the storm when there is more clarity about the state of the damage. Newsome covers Heritage Insurance (HRTG) and Universal Insurance (UVE), both of which have large positions in Florida. He tells Yahoo Finance, "They rely heavily on reinsurance. They buy an enormous amount — something like 30+% of your premium in Florida will go to reinsurance costs. They'll have a limit loss, most likely meaning that the full deduction on their reinsurance and then, with our fingers crossed, hopefully the damage is not that bad and it goes to the top. And that's essentially the limit for the losses that they will take. And it'll all get pushed out to the reinsurers on a global basis." He notes that Florida is becoming an increasingly expensive place to live as the frequency of storms combined with other factors have been driving up insurance rates. Many large insurers have even decided to stop covering the state. "I don't think the big insurers are coming back anytime soon," Newsome says, adding that the insurers left behind will be heavily reliant on the reinsurance market. "This is ultimately a cost-plus industry. And so as the storms continue to hit and become increasingly costly, you're just going to have increased costs that get pressed down to the consumer. There's really nothing you can do about that other than try to make some structural changes to reduce litigation and make the market more efficient, but it's just always going to be a costly state to buy home insurance. And if you think that you're going to see more and more of these storms, that unfortunately just means you're going to pay more in costs over time," he concludes. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Melanie Riehl Yahoo Finance Video ? 8 days ago HRTG PGR CB 8 Stocks Poised To Report Nvidia-Beating Profit Growth Any Day Now S&P 500 earnings season is kicking off. And some companies are expected to put up some huge numbers — even bigger than Nvidia Investor's Business Daily ? 9 days ago NVDA ALL ALL-PH -0.49% Allstate (ALL) Rises But Trails Market: What Investors Should Know Allstate (ALL) closed at $182.87 in the latest trading session, marking a +0.89% move from the prior day. Zacks ? 9 days ago ALL Are You Looking for a High-Growth Dividend Stock? Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Allstate (ALL) have what it takes? Let's find out. Zacks ? 10 days ago ALL Is The Allstate Corporation (NYSE:ALL) The Best Morgan Stanley Overweight & Quality Stock? We recently made a list of Morgan Stanley’s Best Overweight & Quality Stocks: Top 25 Stocks. In this piece, we will look at where The Allstate Corporation (NYSE:ALL) ranks on the list of the top overweight and quality stocks. The close of September has cemented the paradigm shift on Wall Street. With the Federal Reserve’s […] Insider Monkey ? 11 days ago ALL ^RUT ^GSPC Will Allstate (ALL) Beat Estimates Again in Its Next Earnings Report? Allstate (ALL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. Zacks ? 15 days ago ALL Allstate to Hold Q3 2024 Earnings Call Oct. 31 NORTHBROOK, Ill., October 02, 2024--The Allstate Corporation (NYSE: ALL) will host a conference call and webcast at 9 a.m. ET on Thursday, Oct. 31, 2024, to discuss third quarter 2024 financial results. Business Wire ? 16 days ago ALL ALL-PH -0.49% ALL-PI -0.09% Should You Retain Allstate Stock in Your Portfolio Now? ALL is set to benefit from improving premiums, enhanced distribution strategies and cost control efforts. Zacks ? 17 days ago ALL Why Allstate (ALL) Outpaced the Stock Market Today Allstate (ALL) closed the most recent trading day at $189.65, moving +0.68% from the previous trading session. Zacks ? 17 days ago ALL Should You Hold The Allstate Corporation (ALL)? Diamond Hill Capital, an investment management company, released its “Large Cap Concentrated Strategy” second-quarter 2024 investor letter. A copy of the letter can be downloaded here. US stocks climbed 3% as per the Russell 3000 Index, primarily driven by a nearly 4% increase in large-cap stocks. The strategy trailed the Russell 1000 Index in Q2 […] Insider Monkey ? 23 days ago ALL DHIL Why Allstate (ALL) is a Top Value Stock for the Long-Term Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service. Zacks ? 23 days ago ALL Allstate (ALL) Stock Sinks As Market Gains: Here's Why In the closing of the recent trading day, Allstate (ALL) stood at $191.82, denoting a -0.55% change from the preceding trading day. Zacks ? 23 days ago ALL Allstate's July & Aug CAT Loss Hits $814M, Stock Reaches 52-Week High ALL continues to benefit from strategic rate increases, higher market-based investment income and growing insurance premiums. Zacks ? 25 days ago ALL MTG Performance Overview Trailing total returns as of 10/18/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return ALL-PH S&P 500 YTD +19.38% +22.95% 1-Year +36.27% +34.10% 3-Year +3.90% +31.16%
