Allstate Corporation Intrinsic Value Calculation – Morgan Stanley Upgrades Allstate to Overweight in Optimistic Market Outlook
January 5, 2024
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Allstate Corporation ($NYSE:ALL) is a leading insurer in the United States, providing customers with a wide range of insurance products, services, and financial solutions. The company’s ratings are highly sought after due to its strong financial performance and customer service. Recently, Morgan Stanley upgraded Allstate’s rating to Overweight, citing a positive market outlook. The upgrade is based on Morgan Stanley’s expectation that the stock will outperform in the current market environment. Morgan Stanley also highlighted the company’s consistent dividend payout ratio and strong balance sheet.
Moreover, Morgan Stanley noted that Allstate is well positioned to benefit from the ongoing shift towards digital platforms that are driving growth in the insurance industry. The firm believes that Allstate’s digital investments will enable the company to remain competitive in an increasingly digitalized insurance landscape. All in all, Morgan Stanley’s upgrade of Allstate’s stock rating to Overweight marks a positive outlook for the company and its future prospects. The strong fundamentals and growth potential make Allstate a sound investment opportunity for those looking to benefit from the current market environment.
Share Price
Following the upgrade, ALLSTATE CORPORATION stock opened at $147.1 and closed at $148.5, up by 2.4% from its previous closing price of 145.0. This reflects a positive outlook for ALLSTATE CORPORATION in the near term, and the potential for further growth in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Allstate Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 55.91k | -2.1k | -3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allstate Corporation. More…
| Operations | Investing | Financing |
| 3.97k | -2.34k | -1.56k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Allstate Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 101.18k | 86.73k | 55.77 |
Key Ratios Snapshot
Some of the financial key ratios for Allstate Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.1% | – | -4.0% |
| FCF Margin | ROE | ROA |
| 6.6% | -9.4% | -1.4% |
Analysis – Allstate Corporation Intrinsic Value Calculation
At GoodWhale, we have performed an analysis on the well-being of ALLSTATE CORPORATION. Our proprietary Valuation Line has determined that the fair value of ALLSTATE CORPORATION’s share is approximately $141.4. As of now, ALLSTATE CORPORATION’s stock is trading at $148.5, which represents a slight 5.0% overvaluation. More…
Peers
Allstate Corporation is an American publicly held insurance company headquartered in Northfield Township, Illinois, a suburb of Chicago. Allstate was founded in 1931 as part of Sears, Roebuck and Co., and was spun off in 1993. The company also has personal lines insurance operations in Canada. Allstate is a leading insurer of properties and casualty insurance in the United States.
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Summary
Allstate Corporation is currently being viewed as an attractive investment opportunity. Morgan Stanley recently upgraded the company’s stock to an Overweight rating due to a favorable market backdrop. Overall, Allstate Corporation appears to be a sound long-term investment option due to its solid financials and improved outlook for the future.
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