Allstate Corp (ALL): Today's Featured Financial 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 Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Allstate fell $0.67 (-1.3%) to $52.09 on heavy volume. Throughout the day, 3,965,798 shares of Allstate exchanged hands as compared to its average daily volume of 2,413,200 shares. The stock ranged in price between $51.50-$52.62 after having opened the day at $52.62 as compared to the previous trading day's close of $52.76. Other companies within the Financial sector that declined today were: Gaming and Leisure Properties ( GLPI), down 18.8%, Credit Suisse ( UGAZ), down 10.5%, Direxion Daily Gold Miners Bear 3X Shares ( DUST), down 9.5% and OptimumBank Holdings ( OPHC), down 9.5%.

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 $23.8 billion and is part of the insurance industry. Shares are down 3.3% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Allstate a buy, no analysts rate it a sell, and 10 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, attractive valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, American Realty Investors ( ARL), up 23.1%, River Valley Bancorp ( RIVR), up 22.8%, J.W. Mays ( MAYS), up 18.3% and US Global Investors ( GROW), up 16.3% , were all gainers within the financial sector with General Growth Properties ( GGP) being today's featured financial sector leader.

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).

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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