Allstate Corp (ALL): Today's Featured Financial Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.9%. By the end of trading, Allstate rose $1.05 (2.1%) to $52.08 on average volume. Throughout the day, 3,104,229 shares of Allstate exchanged hands as compared to its average daily volume of 3,487,500 shares. The stock ranged in a price between $51.25-$52.38 after having opened the day at $51.31 as compared to the previous trading day's close of $51.03. Other companies within the Financial sector that increased today were:
(
), up 22.4%,
(
), up 10.2%,
(
), up 10.0% and
(
), up 9.9%.
The Allstate Corporation, through its subsidiaries, engages in the provision of personal property and casualty insurance, life insurance, and retirement and investment products primarily in the United States. Allstate has a market cap of $23.9 billion and is part of the insurance industry. Shares are up 27.0% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Allstate a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
Allstate
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Allstate Ratings Report.
On the negative front,
Millennium India Acquisition Corporation
(
), down 34.6%,
(
), down 14.4%,
(
), down 8.2% and
Credit Suisse
(
DOIL
), down 6.5%.
- Use our financial section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider
(
) while those bearish on the financial sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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