What do the analysts think of the Allstate stock?
The 16 analysts offering 12-month price forecasts for Allstate Corp have a median target of 149.00, with a high estimate of 188.00 and a low estimate of 116.00. The median estimate represents a +11.12% increase from the last price of 134.09.
Is Allstate a good buy?
Allstate has a rich history of profitability and has grown net operating profit after-tax from over $1.87 billion in 2016 to more than $6.2 billion in 2021. The company's return on invested capital has dramatically improved, rising from 8.2% in 2016 to 22.3% for the last 12 months.
When was the last time Allstate stock split?
On July 1, 1998, Allstate issued additional shares of stock in a 2-for-1 stock split to stockholders of record on May 29, 1998.
Is Allstate a holding company?
The Allstate Corporation (Allstate) is a holding company for Allstate Insurance Company. The Company's business is conducted principally through Allstate Insurance Company, and other subsidiaries. It is primarily engaged in the property and casualty insurance business in the United States and Canada.
Is all state undervalued?
Allstate is undervalued, and not at a fair valuation now. ALL is currently valued by the market at 13.0 times consensus forward next twelve months' normalized P/E as per S&P Capital IQ.
Is all a buy Zacks?
The Allstate Corporation - Hold Zacks' proprietary data indicates that The Allstate Corporation is currently rated as a Zacks Rank 3 and we are expecting an inline return from the ALL shares relative to the market in the next few months.
When did Allstate split from Sears?
In 1995, Sears spun off Allstate to focus on its retail business.
Is Allstate Insurance a public company?
Allstate was founded in 1931 as part of Sears, Roebuck & Co. Allstate became a publicly traded company in 1993 – which at that time was the largest initial public offering in the nation's history.
Who bought Allstate?
The sale of ALIC comes after Allstate previously closed its other sale of Allstate Life Insurance Company of New York (ALNY) to Wilton Re for about $400 million.
What company owns Allstate?
Sears spun off its remaining ownership of Allstate to Sears shareholders, making Allstate an independent, 100 percent publicly held corporation.
Is Allstate a Fortune 100 company?
RANK66. The insurance provider increased its revenue to $50.6 billion in 2021, enjoying a 20.7% jump from the previous year.