Professional
Added to YB: 2021-07-30
Pitch date: 2021-07-30
ALL [bullish]
The Allstate Corporation
+76.82%
current return
Author Info
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Company Info
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada.
Market Cap
$54.9B
Pitch Price
$117.17
Price Target
N/A
Dividend
1.91%
EV/EBITDA
6.31
P/E
6.81
EV/Sales
0.96
Sector
Insurance
Category
special_situation
Show full summary:
Appleseed Fund new holding: Allstate (ALL)
ALL: #2 US personal insurer. 9.3% auto, 8% home share. Divesting life & annuity to reinvest in core, boost ROE 2.5%. Trades <10x fwd PE despite strong brand, direct biz investments, consolidating industry. Downside protected by yield, buybacks, and strong balance sheet.
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