NYSE:ALL

Allstate (ALL)

261.06
-1.62 (0.62%)
as of Aug 4, 2026, 4:30:06 pm Market Open.
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Investor Insights
star iconAug 4, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

Allstate (ALL-N) is perceived as a solid performer with a consistent history, described as a 'steady eddy' that operates at a low price-to-earnings (PE) ratio. However, its business model is recognized as somewhat complex, making it less transparent for many investors. An emphasis on using price-to-book valuations for companies with intensive balance sheets highlights the critical nature of assessing shareholder equity value. There are concerns regarding the property and casualty (P&C) insurance markets, with forecasts suggesting that upcoming global economic softness could hinder premium increases. This environment could lead to increased price competition, subsequently affecting the overall profitability in the sector. In comparison, larger institutions like JPMorgan are noted for having better structural profitability, indicating a preference among analysts for banking institutions over Allstate.

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Consensus
Neutral
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Valuation
Undervalued
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Similar
JPM, JPM
TOP PICK
Share count keeps falling. Massive free cashflow, 12x earnings, dividend growth well above average. Premier company in their field. Houses, cars, and now getting into protection for smartphones and the like. Rising interest rates are a benefit, though they've been thriving with low interest rates. Yield is 2.39%. (Analysts’ price target is $138.87)
TOP PICK
The premier property casualty company in North America. They are not subject to low interest rates because they reset their prices every year. 10 times earnings and double digit growth for the last decade. It is on sale today. Minimal impact from CoVid19. (Analysts’ price target is $124.25)
PAST TOP PICK
(A Top Pick Dec 05/18, Up 29%) Remains a cheap stock. They're the best in P&E insurance and executes very well. Consumers aren't making claims on car accidents, fearing higher rates. Allstate is firing on all cylinders and trading cheaply. They've bought back half shares and raise their dividend every year.
BUY
Allstate invests in bonds.Can Allstate make money investing in the premiums? And, is PE or PB a better metric to value insurance companies? Every insurance invests heavily in bonds. The price of bond yields is built into the price of insurance premiums; all baked in. Note that property and casualty insurance is re-priced each year, so PC can absorb losses in bonds. Secondly, Allstate is very disciplined and has enjoying 10% dividend growth in recent years. PB, Allstate isn't expensive at 14x PE and 1.5x PB, which are both key metrics. They are best in class.
COMMENT
Climate change impacts? With this company there are several factors -- climate change is one. Low interest rates are more detrimental as premiums collected do not generate as much income. This is probably the biggest challenge in the insurance space. ALL-N is one of the better names in the business.
HOLD
Through thick and thin, has been able to generate free cash flow and reduced their share count by over 50%, which is astounding. Raised dividend. Operating ratio is well below 100%. North American leader. Efficient.
TOP PICK
Premier property casualty company in North America. Free cash flow machine for years. Mid-high single digit dividend increases every year. Aggressive share buybacks. Shares are cheap at 9x earnings. Compelling. Yield is 2.1%. (Analysts’ price target is $105.06)
BUY

Insurance provider. They are a lot larger than people realize. 12k offices, 16 Million clients. They are quite diverse. You may want to look at this high quality name. They have a high combined ratio: what is coming in to what is going out in claims. A large part is auto insurance. They have a low dividend payout ratio so should be able to raise their dividend (2.4%). He prefers other PRA-N.

PAST TOP PICK

(Top Pick May 6/13, 13.23%) His main insurer in the US. Recently announced earnings and it was a beat. There is more room to increase dividends.

TOP PICK

Pricing for premiums became firm because of Sandy. Expects increases in premiums of 6-8% every year for 3-5 years and this will transfer to the bottom line. 2% dividend with room to grow.

PAST TOP PICK

(A Top Pick Sept 20/11. Up 63%.) They are the best in class. Best property/casualty insurer in North America. Looking for a re-acceleration in their dividend. Still sees upside from here.

TOP PICK
Less than tangible book value. Earnings poised to take a massive jump. Home insurance rates have a healthy increase. There is huge upside here.
TOP PICK
Bad times for financials but less so for insurance companies. At under $50 it is yielding a little over 3%. Have increased the dividend every year they have been public. Had started with 900 million shares but through buy-backs they are now down to about 563 million. 1.3X book and about 8X earnings makes it a good valuation.
BUY
Market Call Minute - Could be showing a double bottom in August and November. No big hurricanes. There could be a flight to safety here.
DON'T BUY
His model price is around the existing price, so it is no longer mispriced.
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