Allstate Corp (ALL): Today's Featured Insurance Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Allstate ( ALL) pushed the Insurance industry lower today making it today's featured Insurance laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Allstate fell $0.85 (-1.6%) to $51.50 on average volume. Throughout the day, 2,902,993 shares of Allstate exchanged hands as compared to its average daily volume of 2,723,000 shares. The stock ranged in price between $51.49-$51.91 after having opened the day at $51.86 as compared to the previous trading day's close of $52.35. Other companies within the Insurance industry that declined today were: HCI Group ( HCI), down 5.1%, Independence Holding Company ( IHC), down 4.8%, United Fire Group ( UFCS), down 3.8% and Crawford & Company ( CRD.B), down 3.7%.

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. Allstate has a market cap of $24.0 billion and is part of the financial sector. Shares are up 28.8% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Allstate a buy, no analysts rate it a sell, and 9 rate it a hold.

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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Donegal Group ( DGICB), up 14.9%, PICO Holdings ( PICO), up 7.7%, Donegal Group ( DGICA), up 6.2% and eHealth ( EHTH), up 2.3%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the insurance industry could consider KBW Insurance ETF ( KIE) while those bearish on the insurance industry could consider Proshares Short Financials ( SEF).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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