Professional
Added to YB: 2024-08-05
Pitch date: 2024-06-30
ALL [bullish]
The Allstate Corporation
+32.16%
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
$156.77
Price Target
N/A
Dividend
1.91%
EV/EBITDA
6.31
P/E
6.81
EV/Sales
0.96
Sector
Insurance
Category
turnaround
Show full summary:
Ariel Global Fund New Position: The Allstate Corporation
ALL: P&C insurer hit by macro challenges, inflation & lower reserves. Attractive entry due to underwriting losses. Upside from strong pricing, easing inflation & premium growth. Management improving expense ratio & claims processes. Expect lower claim severities & loss development.
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