Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day down 1%. By the end of trading, Allstate fell 97 cents (-2.3%) to $41.29 on average volume. Throughout the day, 4.3 million shares of Allstate exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $41.11-$41.85 after having opened the day at $41.77 as compared to the previous trading day's close of $42.26. Other companies within the Insurance industry that declined today were:
), down 7%,
), down 6.7%,
), down 5.5%, and
), down 5.3%.
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The Allstate Corporation, through its subsidiaries, engages in the personal property and casualty insurance, life insurance, and retirement and investment products business primarily in the United States. Allstate has a market cap of $20.37 billion and is part of the financial sector. The company has a P/E ratio of 10.3, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 53.3% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Allstate a buy, no analysts rate it a sell, and 12 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, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Allstate Ratings Report.
- Use our insurance section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider
) while those bearish on the insurance industry could consider
- Find other investment ideas from our top rated ETFs lists.
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