Allstate

ALL-N

Analysis and Opinions about ALL-N

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
December 18, 2019
(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.
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Allstate (ALL-N)
December 18, 2019
(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
BUY
June 26, 2019
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.
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Allstate (ALL-N)
June 26, 2019
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
COMMENT
April 24, 2019
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.
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Allstate (ALL-N)
April 24, 2019
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
HOLD
March 26, 2019
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.
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Allstate (ALL-N)
March 26, 2019
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
TOP PICK
December 5, 2018
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)
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Allstate (ALL-N)
December 5, 2018
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
BUY
March 17, 2016

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.

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Allstate (ALL-N)
March 17, 2016

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
PAST TOP PICK
February 28, 2014

(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.

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Allstate (ALL-N)
February 28, 2014

(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.

Ben Cheng

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Price
$54.260
Owned
Unknown
TOP PICK
TOP PICK
May 6, 2013

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.

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Allstate (ALL-N)
May 6, 2013

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
PAST TOP PICK
September 11, 2012

(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.

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Allstate (ALL-N)
September 11, 2012

(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
TOP PICK
September 20, 2011
Less than tangible book value. Earnings poised to take a massive jump. Home insurance rates have a healthy increase. There is huge upside here.
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Allstate (ALL-N)
September 20, 2011
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
TOP PICK
January 31, 2008
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.
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Allstate (ALL-N)
January 31, 2008
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
BUY
November 13, 2007
Market Call Minute - Could be showing a double bottom in August and November. No big hurricanes. There could be a flight to safety here.
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Allstate (ALL-N)
November 13, 2007
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
DON'T BUY
November 23, 2005
His model price is around the existing price, so it is no longer mispriced.
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Allstate (ALL-N)
November 23, 2005
His model price is around the existing price, so it is no longer mispriced.
BUY
BUY
November 2, 2005
Likes the insurance business in the US. It's not all that expensive. Relatively cheap. Well run. Would prefer American International Group (AIG-N) which has been hurt a little bit more.
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Allstate (ALL-N)
November 2, 2005
Likes the insurance business in the US. It's not all that expensive. Relatively cheap. Well run. Would prefer American International Group (AIG-N) which has been hurt a little bit more.
BUY
BUY
August 30, 2005
With all the hurricane damage and the payouts that are going to happen, you might wonder why you would want tgo own it. They don't keep all the risks to themselves. Major catastrophes allows them to raise rates. Speculation.
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Allstate (ALL-N)
August 30, 2005
With all the hurricane damage and the payouts that are going to happen, you might wonder why you would want tgo own it. They don't keep all the risks to themselves. Major catastrophes allows them to raise rates. Speculation.
TOP PICK
TOP PICK
September 20, 2004
Cheap at 9 X earnings with a 2 1/2% dividend. Florida insurance is under a seperate entity, so hurricane is not a problem.
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Allstate (ALL-N)
September 20, 2004
Cheap at 9 X earnings with a 2 1/2% dividend. Florida insurance is under a seperate entity, so hurricane is not a problem.
PAST TOP PICK
PAST TOP PICK
September 10, 2004
(A Top Pick June 3/04. Up 7%.) Sold. Cutting back on financials.
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Allstate (ALL-N)
September 10, 2004
(A Top Pick June 3/04. Up 7%.) Sold. Cutting back on financials.
PAST TOP PICK
PAST TOP PICK
July 30, 2004
(Past top pick June 3/04. Up 8%.) Took their profits on this stock today.
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Allstate (ALL-N)
July 30, 2004
(Past top pick June 3/04. Up 8%.) Took their profits on this stock today.
TOP PICK
TOP PICK
June 3, 2004
Financials have had a correction because of the bond market. It is holding in and there could be a strong rally in bonds and financials.
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Allstate (ALL-N)
June 3, 2004
Financials have had a correction because of the bond market. It is holding in and there could be a strong rally in bonds and financials.
TOP PICK
TOP PICK
April 16, 2004
Positive earnings and lower catastrophe losses.
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Allstate (ALL-N)
April 16, 2004
Positive earnings and lower catastrophe losses.
PAST TOP PICK
PAST TOP PICK
December 1, 2003
(A top pick Oct 15/03. Up 3%.) Continue to like this. Sophisticated in identifying where they make money and what kind of people. An improvement in the pricing cycle. Would continue to buy.
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Allstate (ALL-N)
December 1, 2003
(A top pick Oct 15/03. Up 3%.) Continue to like this. Sophisticated in identifying where they make money and what kind of people. An improvement in the pricing cycle. Would continue to buy.
TOP PICK
TOP PICK
October 15, 2003
A very cheap company. Dividend yield of 2 1/2 percent. Probably going to earn $3.65 this year. Trading at just over 10 times earnings. Going for a better quality client which, although frames are lower, gives them a good margin expansion.
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Allstate (ALL-N)
October 15, 2003
A very cheap company. Dividend yield of 2 1/2 percent. Probably going to earn $3.65 this year. Trading at just over 10 times earnings. Going for a better quality client which, although frames are lower, gives them a good margin expansion.
PAST TOP PICK
PAST TOP PICK
August 16, 2002
(Was a top pick on June 21. Down 1%) Took a hit on their bond holdings.
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Allstate (ALL-N)
August 16, 2002
(Was a top pick on June 21. Down 1%) Took a hit on their bond holdings.
BUY
BUY
April 12, 2002
Sector is good because rates are going up. Trades at 1.6 X book value. A good price.
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Allstate (ALL-N)
April 12, 2002
Sector is good because rates are going up. Trades at 1.6 X book value. A good price.
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