Allstate (ALL, Financial) experienced a significant drop in its stock price, falling by 5.00%. The stock is currently trading at $181.04 per share, with a trading volume of 1.22662 million shares and a turnover rate of 0.46%, showing a price fluctuation of 4.72%.
In its latest financial report, Allstate reported revenue of $15.714 billion and a net profit of $331 million, translating to an earnings per share (EPS) of $1.14. The company has a price-to-earnings (P/E) ratio of 16.51.
Regarding analyst ratings, out of 25 institutions that rated the stock, 64% gave a buy recommendation, 24% suggested holding, while 12% advised selling.
Within the insurance sector, where Allstate operates, there was an overall decline of 1.60%. Notable performers in the sector included Reliance Global Group Inc C/Wts, Citizens Insurance, and Fanhua, which saw significant gains. Meanwhile, Heritage Insurance Holdings and HCI Group were active stocks with turnover rates of 6.28% and 5.03%, respectively. Stocks like Reliance Global Group Inc C/Wts and Abacus Life Inc C/Wts experienced larger price swings.
Allstate is one of the largest property insurance companies in the United States, with personal auto insurance making up the largest portion of its revenue. The company also offers homeowners and other insurance products primarily sold through approximately 6,000 exclusive agents in North America.
