Allstate Reaches New 52-Week High (ALL)

NEW YORK ( TheStreet) -- Allstate (NYSE: ALL) hit a new 52-week high Friday as it is currently trading at $50.87, above its previous 52-week high of $50.85 with 719,669 shares traded as of 12:30 p.m. ET. Average volume has been 3.5 million shares over the past 30 days.

Allstate has a market cap of $23.57 billion and is part of the financial sector and insurance industry. Shares are up 25.2% year to date as of the close of trading on Thursday.

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.

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TheStreet Ratings rates Allstate as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, notable return on equity, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Allstate Ratings Report.

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