NEW YORK ( TheStreet) -- Allstate (NYSE: ALL) hit a new 52-week high Thursday as it is currently trading at $34.67, above its previous 52-week high of $34.37 with 828,782 shares traded as of 9:35 a.m. ET. Average volume has been 3.8 million shares over the past 30 days. Allstate has a market cap of $16.48 billion and is part of the financial sector and insurance industry. Shares are up 20.1% year to date as of the close of trading on Wednesday. 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 22.1, equal to the average insurance industry P/E ratio and above 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.