Allstate CEO Tom Wilson said Monday he believes it would take about seven to 10 years to privatize flood insurance in the U.S., and that private flood insurance would cost more for customers.
Allstate offers a compelling opportunity in preferred stocks and bonds, with yields around 6% and solid credit ratings across its financial instruments. Despite recent catastrophe-driven losses, Allstate remains a top global insurer with strong revenue growth and a robust dividend history. Preferred shares (ALL.PR.H, ALL.PR.I, ALL.PR.J) provide decent yields, with most trading below par and callable at any time.
ALL concludes the sale of its Group Health business to Nationwide, netting a roughly $500 million book gain and sharpening focus on core operations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Allstate (ALL) reached $201.31 at the closing of the latest trading day, reflecting a +2.84% change compared to its last close.
Allstate (ALL) reached $196.05 at the closing of the latest trading day, reflecting a -1.15% change compared to its last close.
Investors love growth stocks that also pay big and reliable dividends because they provide dependable passive income streams and an excellent opportunity for solid total return.
In the most recent trading session, Allstate (ALL) closed at $195.67, indicating a -1.27% shift from the previous trading day.
Though both BRK.K and ALL are global insurance giants and have promising futures, let's find out which is a safer investment bet to generate a better return.
In the closing of the recent trading day, Allstate (ALL) stood at $200.32, denoting a +2.11% move from the preceding trading day.
A value stock is generally one that trades at a price lower than its fundamental value or what its performance suggests it should be worth.