It has been about a month since the last earnings report for Allstate (ALL) . Shares have added about 11.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Allstate due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Allstate Q3 Earnings Beat on Strong Premium and In ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

Allstate (ALL) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this insurer is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near- ...

Shares of Allstate (ALL) have been strong performers lately, with the stock up 6% over the past month. The stock hit a new 52-week high of $203.54 in the previous session. Allstate has gained 45.4% since the start of the year compared to the 24.5% move for the Zacks Finance sector and the 31.8% return for the Zacks Insurance - Property and Casualty industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estima ...

Shares of The Allstate Corporation (ALL) have rallied 41% over the year-to-date period to close at $197.29 on Wednesday. The significant gains have pushed the stock’s price closer to the upper end of its 52-week range of $134.17-$201. It outperformed its peers like MetLife, Inc. (MET) and American International Group, Inc. (AIG) , the overall industry, and the S&P 500 Index during this time.YTD Price Performance Comparison Image Source: Zacks Investment ResearchALL’s Earnings Estimates & ValuationThe Zacks ...

Group 1 - The Allstate Corporation (ALL) is experiencing significant activity in the options market, particularly with the Dec. 20, 2024 $60 Put showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a rally or sell-off [2] - Allstate currently holds a Zacks Rank 2 (Buy) in the Insurance - Property and Casualty industry, which is in the top 12% of the Zacks Industry Rank, with analysts increasing earnings estimates from $5.23 to $5.60 per share over the last 60 days [3] Group 2 - The high implied volatility for Allstate may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on ke ...

The Allstate Corporation’s (ALL) Allstate Health Solutions, a division of ALL, recently teamed up with Intuit QuickBooks, Thatch, and Ambetter Health to make healthcare coverage more flexible. This collaboration introduces Individual Coverage Health Reimbursement Arrangements, offering businesses an innovative way to reimburse employees for individual health plans, tax-free.This move bodes well for Allstate Health Solutions as it will leverage QuickBooks’ payroll subscription services, an efficient platform ...

The Zacks Property and Casualty Insurance (P&C) industry is likely to benefit from better pricing, prudent underwriting and exposure growth. Industry players like The Progressive Corporation (PGR) , Chubb Limited (CB) , The Travelers Companies (TRV) , The Allstate Corporation (ALL) and Cincinnati Financial Corporation (CINF) are poised to grow despite a rise in catastrophic activities. Given an active catastrophe environment, the policy renewal rate should accelerate. Also, the increasing adoption of techno ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?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 ...