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"Is It Safe?" is a daily feature by TheStreet.com Ratings that looks at a company's risk-and-reward potential. Find out if your stocks are safe each morning at 4.
Despite its slogan, "you're in good hands with Allstate(ALL Quote)," Dow Jones picked rival Travelers(TRV Quote) to replace Citigroup(C Quote) on its closely watched industrial index.
The snub makes sense: Travelers has been generating profits consistently as Allstate racks up losses. Still, Allstate's stock is attractively cheap, trading at 6.7 times its forecast earnings compared with the industry average of 8.9. Is it safe to buy?
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