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) pushed the Insurance industry higher today making it today's featured insurance winner. The industry as a whole closed the day down 0.2%. By the end of trading, Allstate rose $0.73 (1.3%) to $56.84 on average volume. Throughout the day, 3,261,931 shares of Allstate exchanged hands as compared to its average daily volume of 2,864,200 shares. The stock ranged in a price between $56.29-$57.05 after having opened the day at $56.37 as compared to the previous trading day's close of $56.11. Other companies within the Insurance industry that increased today were:
), up 6.5%,
), up 5.3%,
), up 4.8% and
), up 3.4%.
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The Allstate Corporation, through its subsidiaries, provides personal property and casualty insurance, life insurance, and retirement and investment products primarily in the United States. Allstate has a market cap of $25.2 billion and is part of the financial sector. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Allstate a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
. 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, good cash flow from operations, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Allstate Ratings Report.
On the negative front,
), down 6.9%,
), down 5.6%,
Fidelity and Guaranty Life
), down 3.7% and
), down 3.5% , were all laggards within the insurance industry with
) being today's insurance industry laggard.
- 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.