NEW YORK (

TheStreet

) --

Allstate

(NYSE:

ALL

) hit a new 52-week high Friday as it is currently trading at $34.90, above its previous 52-week high of $34.83 with 1.3 million shares traded as of 11:10 a.m. ET. Average volume has been 4.1 million shares over the past 30 days.

Allstate has a market cap of $16.86 billion and is part of the

financial

sector and

insurance

industry. Shares are up 26.2% year to date as of the close of trading on Thursday.

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. The company has a P/E ratio of 16.7, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Allstate as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. 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

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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