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
NEW YORK (
) hit a new 52-week high Monday as it is currently trading at $48.74, above its previous 52-week high of $48.30 with 171,224 shares traded as of 9:36 a.m. ET. Average volume has been 3.1 million shares over the past 30 days.
Allstate has a market cap of $22.88 billion and is part of the financial sector and insurance industry. Shares are up 19% year to date as of the close of trading on Friday.
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. The company has a P/E ratio of 10.2, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Allstate as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
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