Why Allstate (ALL) Stock Should Be A Part Of Your Portfolio
Zacks Investment Research | Feb 22, 2018 01:51AM ET
The Allstate Corp. (NYSE:ALL) is poised for growth driven by favorable retention rate, pricing gains, accretion from acquisitions and solid capital management. This Zacks Rank #1 (Strong Buy) property and casualty insurer remains promising, backed by several growth prospects.
Growth Projections: The Zacks Consensus Estimate for 2018 earnings per share is pegged at $8.40, which translates into year-over-year growth rate of 25.2%. The consensus mark for 2019 is pegged at $8.81, reflecting growth of 4.9% year over year.
Impressive Price Performance: Shares of Allstate have increased 15.9% in a year, outperforming the .
Infinity Property and Casualty provides personal automobile insurance products in the United States. Last quarter, the company delivered a positive surprise of 262.25%. The stock carries a Zacks Rank of 1
Progressive Corporation is a leading independent agency writer of private passenger auto coverage, and the market share leader for the motorcycle products. The company pulled off a 2.60% earnings surprise in the preceding quarter. The stock is a Zacks #2 Ranked player.
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