The Allstate Corp (ALL): Today's Featured Financial Loser

The financial sector closed the day down 0.1%. Atlantic Coast Financial ( ACFC), MF Global Holdings ( MF), Paulson Capital ( PLCC), and First Capital Bancorp Inc ( FCVA) were all decliners today within the financial sector with Allstate ( ALL) being today's featured financial loser. Allstate fell 55 cents (-2%) to $27.16 on average volume. Throughout the day, 6.5 million shares of Allstate exchanged hands as compared to its average daily volume of six million shares.

The Allstate Corporation, through its subsidiaries, engages in the personal property and casualty insurance, life insurance, retirement, and investment products businesses primarily in the United States. Allstate has a market cap of $13.9 billion and is part of the insurance industry. The company has a P/E ratio of 26.1, below the average insurance industry P/E ratio of 26.6 and above the S&P 500 P/E ratio of 17.7. Shares are down 13% year to date as of the close of trading on Thursday.

TheStreet Ratings rates The Allstate as a hold. 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 and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

On the positive front, Waccamaw Bankshares Inc ( WBNK), Phoenix Companies Inc ( PNX), Southwest Bancorp Inc ( OKSB), and Southern Connecticut Bancorp ( SSE) were all gainers within the financial sector with American Express ( AXP) being today's featured financial sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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