#9 - Allstate (NYSE:ALL)
Allstate (NYSE: ALL) - The most enticing reason to buy Allstate stock at the moment is that it is trading at an exceptional value to its industry. Here are a few metrics that support this. Its forward P/E ratio is 10.69 compared to the industry's 27.42. Allstate's PEG ratio is 1.28 compared to the industry average of 3.12. A third metric where Allstate excels relative to its industry is in the P/CF ratio. P/CF measures a company's operating cash flow. Allstate's P/CF is 8.40 compared to the industry's average P/CF of 9.45. If all that wasn't enough the stock is trading at less than 14x its 2018 earnings per share estimates. If and when higher interests rates arrive, Allstate should benefit from higher investment returns, which would boost future earnings. Allstate currently has a 1.9% dividend yield.
About Allstate
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.
More- Current Price
- $192.92
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $218.13 (13.1% Upside)
