Allstate Corporation Stock Fair Value – “Allstate Corp. Stock Underperforms in 2023, Shedding 1.01% to $118.20 on Poor Trading Session”.
March 21, 2023
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Allstate ($NYSE:ALL) Corp. stock had a poor trading session on Friday, with the stock dropping 1.01% to $118.20 as the S&P 500 Index also declined. This was an underperformance compared to its competitors, with Allstate stock lagging behind the broader market. This was a stark contrast from the previous trading sessions where Allstate Corp. had seen positive returns and outperformed the market. The heavy losses in the stock were a result of poor trading sentiment, stemming from the broader concerns in the market.
Investors were seemingly concerned with the economic outlook, leading to a sell-off in many stocks across a variety of sectors. This was a stark contrast from the previous sessions where Allstate had seen positive returns, but the company was not able to escape the market-wide sell-off which impacted many stocks across different sectors.
Price History
Allstate Corporation had a rough day in the stock market on Monday, trading at $116.0 when the market opened and closing at $114.2, representing a 3.4% decline from its closing price of $118.20 the previous day. This resulted in a 1.01% decrease in the stock’s value, as it closed at $118.20. The poor trading session seemed to have been caused by a general market downturn, without any particular news affecting Allstate’s stock specifically. 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 |
| 51.41k | -1.42k | -2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Allstate Corporation. More…
| Operations | Investing | Financing |
| 5.12k | -1.73k | -3.42k |
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 |
| 97.96k | 80.61k | 66.44 |
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 |
| 4.8% | – | -3.0% |
| FCF Margin | ROE | ROA |
| 9.1% | -5.4% | -1.0% |
Analysis – Allstate Corporation Stock Fair Value
At GoodWhale, we have performed an analysis of ALLSTATE CORPORATION‘s wellbeing. Our proprietary Valuation Line has calculated the fair value of the company’s share to be around $142.1. Currently, ALLSTATE CORPORATION’s stock is traded at $114.2 – this represents a fair price, but one which is undervalued by 19.7%. 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 a leading insurance and financial services company, offering a range of products to protect and secure customers’ finances. In 2023, its stock performance has been underwhelming, with the stock price declining by 1.01% to $118.20 over the course of a trading session. Investors should pay close attention to Allstate’s financial metrics, such as its debt-to-equity ratio, return on equity and operating margins, to assess its financial health and determine whether or not to invest in its stock.
They should also monitor industry trends and economic indicators such as interest rate, inflation and unemployment rate, to gauge the market’s performance and how it might influence Allstate’s stock price. By researching the company, staying up-to-date on news and analyzing the data, investors can better understand the risks associated with investing in Allstate and make informed decisions.
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