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Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Allstate (ALL-N) is a top pick for investors, with experts praising its ability to raise prices in line with inflation, attractive capital allocation skills, consistent dividend increases, and reduction of share count. The company is well positioned to weather the increase in catastrophic losses, with the ability to raise prices as a positive for P&C insurers. Analysts project a good long-term investment opportunity, with the stock trading at 10x 2024 earnings projections and a yield of 3.28%. Overall, Allstate is seen as a well-run, disciplined company with strong free cashflow and solid long-term potential.

Consensus
Positive
Valuation
Undervalued
Similar
AmericanIntlGroup, AIG-N
PAST TOP PICK
Allstate
(A Top Pick Jul 22/22, Up 12%)

Has owned company for 15 years, and will keep position. Company has purchased ~50% of shares last 10 years. Ability to raise prices with inflation. Very attractive capital allocation skills. Consistently raised dividend. 

insurance
TOP PICK
Allstate

Increase in catastrophic losses means most insurers are suffering this year. For P&C insurers, bad news is good news, as they just raise prices. Great capital allocators. Raise dividends. Favour profits over market share, so divesting unprofitable businesses. Spectacularly well run. Free cashflow machine. Yield is 3.28%.

(Analysts’ price target is $125.32)
insurance
BUY
Allstate

Owns shares in company, continues to buy.
Reduction of share count by 50% the past 10 years.
Disciplined company that steadily increases dividend. 
Trading at 10x 2024 earnings projections.
Good long term investment. 

insurance
BUY
Allstate

It is the premier property casualty company in the U.S. Over the past decade it has had double digit dividend growth, huge share buybacks, great cash flow and a very disciplined approach. It is an incredible asset allocator and also cheap. Its 3 1/2% dividend could double over time. The stock is down a little due to supply chain issues which increases the costs to fix houses and cars, but these issues are temporary. An app that tracks driving habits can give the client a discount but it gives the company a strong picture of those habits.

insurance
DON'T BUY
Allstate
Longer trend has been up and down, more or less flat. 200-day MA has remained pretty steady. Price is below that now. Short-term, hard to stay. Outperforming the S&P 500 over the last year, though it's been underperforming during this latest technical relief rally, probably because it's a value name. Yields about 3%. He owns AIG and a couple of Canadian insurers.
insurance
TOP PICK
Allstate
Best in class. They have bought back 50% of shares in the last 15 years with continuous dividend increases. Long track record of cash flow. Home insurance is thriving, because people are making fewer claims. Also, EV's are making cares much safer to drive, so there are fewer accidents and fewer claims to pay out. Profits look great looking in the next few years. It's on sale trading at 9x earnings. (Analysts’ price target is $142.76)
insurance
TOP PICK
Allstate
There is a firm price increase environment in personal lines insurance. It recently disposed of the life insurance business. It will benefit from higher interest rates and a modest inflationary environment. The yield is 2.4%. It is a very focused large cap dividend paying stock. Buy 9 Hold 10 Sell 2. (Analysts’ price target is $144.06)
insurance
PAST TOP PICK
Allstate
(A Top Pick May 27/21, Down 2%) Long-term core holding. Buys back shares, raises dividend. Premier P&C insurer in NA. Great business at a cheap price.
insurance
HOLD
Allstate
Down 16%. Absolutely hold. P&C insurers have been hurt, because auto losses have been rising. Share count is down over the last decade. Dividend is growing about 10% a year, trades at 10x earnings. Compelling stock to own.
insurance
HOLD
Allstate
Down 16%, hold or sell? Best P&C insurer in North America. Stock buybacks actually have had an impact. Consistent dividend increases. Great capital allocation. Cheap valuation. Core, long-term hold.
insurance
TOP PICK
Allstate
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)
insurance
TOP PICK
Allstate
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)
insurance
PAST TOP PICK
Allstate
(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.
insurance
BUY
Allstate
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.
insurance
COMMENT
Allstate
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.
insurance
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Allstate(ALL-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Allstate is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Allstate(ALL-N) Frequently Asked Questions

What is Allstate stock symbol?

Allstate is a American stock, trading under the symbol ALL-N on the New York Stock Exchange (ALL). It is usually referred to as NYSE:ALL or ALL-N

Is Allstate a buy or a sell?

In the last year, 2 stock analysts published opinions about ALL-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Allstate.

Is Allstate a good investment or a top pick?

Allstate was recommended as a Top Pick by on . Read the latest stock experts ratings for Allstate.

Why is Allstate stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Allstate worth watching?

2 stock analysts on Stockchase covered Allstate In the last year. It is a trending stock that is worth watching.

What is Allstate stock price?

On 2024-04-15, Allstate (ALL-N) stock closed at a price of $166.8.