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 ( TheStreet) -- Allstate (NYSE: ALL) hit a new 52-week high Thursday as it is currently trading at $38.51, above its previous 52-week high of $38.50 with 2.5 million shares traded as of 1:45 p.m. ET. Average volume has been four million shares over the past 30 days. Allstate has a market cap of $18.14 billion and is part of the financial sector and insurance industry. Shares are up 37.9% 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 9.1, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Allstate Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.