|Bid||94.01 x 1000|
|Ask||96.49 x 800|
|Day's Range||95.51 - 96.87|
|52 Week Range||77.00 - 102.73|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||16.19|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||2.00 (2.12%)|
|1y Target Est||104.79|
Allstate (ALL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Allstate (ALL) have what it takes? Let's find out.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). By way of learning-by-doing, we'll look at ROE...
Allstate Insurance Co. plans to add 1,300 jobs in Irving as part of an $11 million capital investment in the region.
Cincinnati Financial (CINF) Q1 earnings will likely benefit form solid policy retention, increase in average renewal price and agent-focused business model.
The Allstate Corporation today announced estimated catastrophe losses for the month of March 2019 of $381 million, pre-tax . Catastrophe losses occurring in March comprised seven events at an estimated cost of $371 million, pre-tax , plus unfavorable reserve reestimates of prior period catastrophe losses.
Synchrony Financial's (SYF) first-quarter earnings are likely to grow on the back of higher purchase volume and CareCredit platform.
Progressive (NYSE:PGR) reports earnings Tuesday before the bell. The Mayfield Village, Ohio-based insurer comes off an unusual earnings miss in January and a bizarre lack of activity in recent weeks. After about two and a half years of mostly steady increases, PGR stock has become unusually stagnant. This low level of volatility makes the need for any news that can move PGR critical for attracting investors.Source: meteo via FlickrFor Q1, Wall Street estimates PGR will earn $1.37 per share on a consensus basis. If this estimate holds, it means profits will rise by 6.2% year-over-year. Progressive earned $1.29 per share in the first quarter of 2018. Analysts also predict $9.19 billion in revenue for the quarter. This would come in 15.3% higher than year-ago levels when the company brought in $7.97 billion.Investors have good reason to pay close attention to this report. PGR stock tends to beat earnings in most cases. However, whether the company beat estimates in January depends on how one defines earnings.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks That Are Screaming Buys Right Now If counting net realized losses on securities of $572.2 million, profits came in at only 44 cents per share, well off estimates of $1.01 per share. The company earned $1.24 per share when not counting the unusually high losses on securities. Investors will likely watch earnings to see if this massive net realized loss amounts to a one-time occurrence or if it happens again. PGR Stock Defined By Its Lack of ActivityEven more importantly, traders will look for something, perhaps anything, that will inspire movement in PGR stock. Since Feb. 20, Progressive stock has barely registered a pulse. Since that day, it has traded in a tight range between $71.39 per share and $73.78 per share.Progressive also hit a near-term peak of $73.69 per share in early November. However, even when considering a likely double top, such stagnation seems unusual. PGR stock rose more than 27% from its December lows until price movements nearly came to a halt.However, other insurance stocks have stood still at this time. Allstate (NYSE:ALL) and American Financial Group (NYSE:AFG) stock have shown a similar trading pattern. Although Travelers (NYSE:TRV) has moved higher since February, it too began to stand still in April. Traders May Look to Forward GuidanceLooking for any news that will move the stock, traders may also focus on the forward guidance. In this area, Wall Street has seen some reason for mildly bullish sentiment. Earnings estimates for this quarter have risen by 8 cents over the last three months. Profit predictions for the next quarter and the year have also increased.Still, it will probably need news of some kind to see significant movement. The current fundamentals offer little that can move PGR. Earnings estimates place the forward price-to-earnings (P/E) ratio at around 13.7. That valuation appears reasonable. However, the estimated profit growth of 0.4% this year and 6.2% in 2020 gives investors little reason to buy PGR. Moreover, a dividend yield of 0.55% will likely not inspire new investors. * 7 Energy Stocks to Buy as Oil Booms Should You Buy Into Earnings?PGR stock needs this quarterly report to inspire some movement in the stock. After a dramatic recovery from the December lows, the stock persisted with little change for nearly two months.Surprise news from the earnings report could potentially break PGR out of its tight range. However, the P/E ratio, growth rate and dividend payout offer little reason to either buy or short PGR stock.Also, even if the report catalyzes the equity, current valuations give little incentive to either buy or sell. For this reason, not only will Progressive stock need to move to attract investors, but it will also have to move enough to offer a value proposition.I do not see that level of price action occurring at this time. Hence, regardless of whether one is a bull or a bear, PGR stock looks like a stock to avoid for now.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Progressive Stock Isn't Worth a Look Without a Catalyst appeared first on InvestorPlace.
NORTHBROOK, Ill., April 9, 2019 /PRNewswire/ -- The Allstate Corporation (ALL) has received notice of an unsolicited "mini-tender" offer by Peer & Peri LLC to purchase up to 40,000 shares of Allstate's common stock. Peer & Peri's offer price of $76.00 per share is approximately 20% lower than the $94.87 closing price of Allstate shares on April 8, 2019, the date the offer commenced. Allstate is not affiliated in any way with Peer & Peri, the offer or the offer documentation.
** Malaysia will sell a superyacht allegedly bought with stolen funds from state fund 1MDB to casino operator Genting Malaysia Bhd for $126 million, in the first major asset sale by Kuala Lumpur to recover billions lost from the fund. ** Saudi Arabia's AlRajhi Holding Group and Dubai's Al Ghurair have teamed up in a consortium to bid for Saudi Arabian state grain buyer SAGO's flour mills, three sources familiar with the matter told Reuters. ** Deutsche Bank and Commerzbank are divided over the pace of their merger talks, two people with knowledge of the matter said.
U.S. insurer Allstate Corp has entered into exclusive talks to sell a book of insurance policies from an area where it no longer generates new business to smaller peer FGL Holdings, people familiar with the matter said on Wednesday. Spokespeople for Allstate and FGL Holdings declined to comment. The book of business which Allstate is seeking to sell includes a selection of annuity products, as well as structured settlement policies, the sources said.
On a comparative appraisal, we try and find out which stock, Alleghany (Y) or W.R. Berkley (WRB), is a more profitable bet on the basis of fundamentals.
NEW YORK, April 3, 2019 /PRNewswire/ -- At a summit in New York City today, The Atlantic and Allstate awarded five nonprofits from across the country with the fourth annual Renewal Awards, a national search to honor community-based organizations for their innovative, grassroots approach to driving change and bringing progress to the country. Several of the organizations are focused on empowering women and families, and four of the winning nonprofits are led by women. The Atlantic and Allstate are proud to double the value of the grant and expand the leadership opportunities for the Renewal Award recipients this year.
Stocks got the new week started on a bullish foot, with the S&P 500 rallying 1.16% on renewed enthusiasm and hope for an economic revival. The index's close of 2,867.19 was its best yet for the year.Bank of America (NYSE:BAC) led the way with a 3.4% gain, though most banks weren't far behind thanks to the inverted yield curve becoming un-inverted again. Advanced Micro Devices (NASDAQ:AMD) was up 3.3%, extending its new, young uptrend.At the other end of the spectrum, Lyft (NASDAQ:LYFT) fell another 11.8% yesterday in its second day of trading. Shares ended the day near $69, falling below their IPO price of $72 as traders dump -- or short -- the newly minted stock of the so-far-unprofitable company.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHeaded into Tuesday's action, it's the stock charts of Allstate (NYSE:ALL), AT&T (NYSE:T) and American Tower (NYSE:AMT) that merit the most attention. Here's why. AT&T (T)AT&T has been a miserable performer since early 2017, sliding from a price near $42 to a low of less than $27 in December of last year. * The Elite 8 Stocks to Buy for Massive Outperformance Like most other stocks, T has recovered from that deep low. However, as of yesterday shares of AT&T have snapped out of a rut and cleared not one but two important technical hurdles. Click to Enlarge • One of those hurdles is the horizontal resistance level at $31.42, plotted with a red dashed line on the daily chart.• The other ceiling is the white 200-day moving average line, plotted in white on both stock charts. The 200-day line was a decisive technical ceiling in October, ultimately pushing T to even lower lows.• Zooming out to the weekly chart we can see T stock has broken above a falling resistance line, plotted in yellow, that had been guiding it lower since the beginning of 2018.• Underscoring the budding uptrend is the Chaikin line's cross back above zero, confirming there's real bullish interest in AT&T. American Tower (AMT)American Tower was one of the few names that didn't struggle during the fourth quarter of last year, logging gains instead. And though the broad tide was bullish during the first quarter of the year, even then AMT outpaced the broad market's advance.That big move left American Tower overbought and ripe for a pullback. That swing from an uptrend into a downtrend may have materialized yesterday. Click to Enlarge • The shape and placement of Monday's bar is the key. The open was above Friday's high, but the close fell back under Friday's low. This "outside day" reversal is a strong statement that things changed in a big way.• The volume surge is also a big clue. The outside-day bar on high volume suggests the last of the would-be sellers started to flood out in a big way. This might inspire more of the same.• Potential downside targets include the white 200-day moving average line currently at $160.70, or the congestion between $132 and $152. Allstate (ALL)Allstate shares have been trending sideways for over a month, unable to clear a key technical hurdle, but also finding support at a crucial level. The stock continues to test its technical ceiling though, and some subtle clues suggest a breakout is brewing. One or two more good days could do the trick. Click to Enlarge • The line in the sand is around $95.60, plotted with a blue line on both stock charts. ALL stock touched that level for a fourth time on Monday.• At the same time, the white 200-day moving average line has stepped up as technical support, quelling pullbacks before they get started in earnest.• Though volume has been below average since early this year, over the course of the past few weeks there has been decidedly more bullish volume than bearish volume.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Transformed Their Business * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 7 Weak Blue-Chip Stocks to Trim Immediately Compare Brokers The post 3 Big Stock Charts for Tuesday: American Tower, AT&T and Allstate appeared first on InvestorPlace.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! If you want to know who really controls The Allstate Corporation (NYSE:ALL), then you'll have to look at the makeup of its sh...
When the economy is in recovery and the markets keep piling on the gains, it seems a bit rude to talk about the bad stocks out there. But this is precisely when you have to stay disciplined and look at the stocks you have that may not be performing up to scratch. Because now is the time when you see them flatlining and think that this rising market will help them out.And some of the stocks below get pretty decent Portfolio Grade quant scores -- meaning they're getting bought because they're in a hot sector and most of the good companies are already fully valued. These are the stocks people are buying thinking they're still bargains, when they're actually cheap for a reason.That's why I grade companies based on more than their momentum. I also look at their fundamentals and earnings growth, because when they're bad, there's not point in hanging on, hoping for the best.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Tech Stocks That Transformed Their Business These 7 weak blue-chips stocks to sell are the tip of the iceberg, but they're a good start for your spring cleaning. Blue-Chip Stocks to Sell: Kraft Heinz (KHC)Source: Mike Mozart via FlickrKraft Heinz (NYSE:KHC) used to be one of the classic consumer brand companies, as steady as you could want for a consumer staples stock. And the merger between two iconic consumer staples companies was supposed to make it even bigger and better.That size was meant to allow it to do battle with larger consumer staples firms as well as crush its niche foes. The merger in 2015 was supposed to set up a juggernaut.It didn't.KHC stock is down 46% in the past year and 25% year to date. And that year-to-date figure is crucial, since most blue-chip stocks have been chugging along this year.Its earnings report in February was the big blow. KHC had some weak quarters, but its Q4 was when the reality set in that KHC's flagship brands were tired and consumers were transitioning out of their core products.And while the industry is down about 6% in the past six months, KHC is off more than 40%. All its globally familiar brands are now looking less comforting to younger generations of consumers. That means even its solid nearly 5% dividend isn't worth the time it will take to turn things around. Noble Energy (NBL)Source: Shutterstock Noble Energy (NYSE:NBL) is an upstream oil and natural gas company with operations around the world, both onshore and offshore.An upstream energy company means it is an exploration and production (E&P) firm that looks for oil and gas, drills for it and ships it to market. This is the most volatile piece of the industry, since there are plenty of risks in the exploration end and there are also risks wrapped around energy prices.Right now, it would seem that this is a great time to be in the energy business. The economy is strong, oil and gas prices are both high, and demand moving forward is strong.In the past three months, NBL is up an impressive 37%. However, for the year, it's off 17%. And, there are signs that the U.S. economy is slowing down and this is the last hurrah for now. * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos Asia is slow, Europe is slow and emerging markets aren't going gangbusters. Eventually, that weakness will end up here. And E&Ps will feel it first. This is also one time where having assets around the world isn't an advantage. Allstate (ALL)Source: Shutterstock Allstate (NYSE:ALL) is another stock in a strong industry that was doing well when interest rates were rising, but has lost that momentum.You see, insurers have to keep a big chunk of the money they collect in premiums in cash or near cash equivalents so they can pay out claims. That means they keep a big chunk in U.S. Treasuries. When rates are rising, insurers are making more money on all that cash. That's not happening now.Also, real estate insurance makes a fair amount of its insurance portfolio and the recent floods in the Midwest will certainly take a bite out of earnings.This is not a stock that is falling off a cliff. It's just in a tough patch, and its 2.1% dividend and flatline growth for the past year doesn't bode well for coming quarters when you add in the other factors mentioned here. There are better places for your money. Allergan (AGN)Source: Everjean via FlickrAllergan (NYSE:AGN) is a good-sized biotech ($48 billion market cap) that is best known for its botox treatment for cosmetic rejuvenation. But it also has a stable of two dozen other treatments for everything from bipolar disorder to irritable bowel syndrome to replenishing eyelashes.One of its most interesting investment is in a new, non-surgical fat reduction treatment that AGN sells to spas and cosmetic surgery clinics. The name brand is Cool Sculpting and works by freezing fat cells that then are metabolized by your body.This is the new hot thing, and pricing is usually in the low four digits for most packages. The fact that it can be done quickly and relatively painlessly is a big plus.The thing is, there's no real focus to AGN's portfolio. And given some of its stronger brands and mixed earnings, it would make sense to better focus the company and sell off its more derivative products. * 7 Reasons to Buy Housing Stocks in 2019 And an activist investor is starting to push for just that. This hasn't helped the price of the stock -- AGN is down 12% in the past year. And this is as the broader biotech market is doing well. Even AGN has seen some short-term interest, but the major brokerages are not impressed. Dollar Tree (DLTR)Source: Shutterstock Dollar Tree (NASDAQ:DLTR) is a discount variety store that generally has its 14,000-plus stores situated in small towns and rural areas around the U.S.In 2015 it closed the purchase of competitor Family Dollar and has been integrating that purchase ever since. That hasn't helped investors very much since there are a fair amount of markets where the Family Dollars are still competing with Dollar Tree stores. Or, there are more of both stores in particular markets than there need to be.Some of that has started to change now. DLTR has announced its speeding up the conversion of the Family Dollar stores and getting on with its new strategy. That has helped the stock recently.But that integration needs to happen and as the economy improves, it may spell less business coming in the door for DLTR. Weaker earnings will not go down well in the markets, nor will guiding lower for the next quarter or year. CenturyLink (CTL)Source: Shutterstock CenturyLink (NYSE:CTL) is a telecom that is stuck in a very difficult spot, and there's little it can do about it. And that's why it has an 8.3% dividend, and it's off 26% in the past year.As the big telecoms transitioned out of the wireline business and into the more lucrative wireless sector, CTL kept plugging along in smaller cities, towns and rural America.As the big telecoms transitioned to high speed cable and fiber optics because their more densely populated customer base could subsidize expansion into more rural areas, CTL didn't have that advantage.It's expensive to run new state-of-the-art lines into sparsely populated areas, and the payoff isn't big enough to warrant it many times. So you have a captive, unhappy base and those who have left.And that's about where it stands. Sure, it has a great dividend, but even with that dividend, investors still lost 19% last year. * 7 Marijuana Stocks to Play the CBD Trend What's more, the big telecoms aren't interested in the business, so a buyout isn't even a hope at this point. Lowe's (LOW)Source: Mike Mozart via Flickr (modified)Lowe's (NYSE:LOW) is the other big-box home improvement store.LOW is one of those stocks that is hot right now, so it's certainly a momentum play in the housing sector. Low interest rates a moving buyers into the housing market and that means existing homeowners that are looking to make a move are likely gearing up their homes for sale in coming weeks or months.And this is the big season for home improvement companies as the warmer weather gets more people outside to spruce up around the house and yard.While this all sounds exciting, the fact is, LOW is trading at a trailing PE of nearly 40. That's a lot of optimism priced in already. And it is going to have to sustain some impressive numbers to keep that up, or growing.There's also the fact that as much good news as there is in the US economy, there are also real signs that a slowdown is upon us. That will certainly keep interest rates low, but it may impact hiring - or layoffs - and wages. And the stock has plenty of upside built into it now, so any cooling off is going to be magnified.This isn't the time to be jumping on this train, or letting it take you for a ride.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 4 Pot Stocks That Could Be Fizzling Out * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix Compare Brokers The post 7 Weak Blue-Chip Stocks to Trim Immediately appeared first on InvestorPlace.