How to Buy Allstate Stock
Allstate Corp
Allstate is a property & casualty insurance company located in Illinois, United States, which is part of the Financial Services sector, and is traded under the ticker ALL on the NYSE exchange.
Allstate stock last closed at $175.41, up 1.42% from the previous day, and has increased 51.35% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 0.31 percentage points. Allstate stock is currently +74.41% from its 52-week low of $100.57, and -0.4% from its 52-week high of $176.12.
As of Apr 22, 2024, there are 263.07M ALL shares outstanding. The market value of ALL is $46.14B. In the past 24 hours, 1.59M ALL shares were traded.
How to Buy Allstate Stock
Wondering how to invest in Allstate stock? Here's how.
- Figure out where to buy Allstate stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Allstate stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your payment method and add your details.
- Evaluate Allstate stock: The Allstate ticker symbol is ALL. Is Allstate stock a good investment? Should you buy shares of ALL? How do ALL's underlying business fundamentals look? Do top analysts think Allstate is a good buy? Why has ALL's stock price moved recently? (Hint: Our stock research website can help you evaluate if ALL is a good stock to buy).
- Execute your ALL buy order: Decide if you will purchase ALL shares at the current market price or use a limit order to purchase ALL shares at a particular price.
- Track your ALL position: Create a watchlist to important updates regarding your position in Allstate stock.
Step 1: Figure out where to buy Allstate stock
You will need an online brokerage account in order to access the NYSE market and buy ALL shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best place to buy stocks. Here's why:
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- Social investing: eToro boasts a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal information so you can invest in ALL today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to open a new trading account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have filled out your info on the best stock app, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of transferring money into your new investment account.
Step 4: Evaluate Allstate stock
Once you have identified the best place to buy Allstate stock, it's crucial to evaluate their stock prior to buying, so you truly wrap your head around the risk as well as the upside.
Allstate stock quick numbers
ALL Fundamentals
WallStreetZen was built to help everyday investors do better fundamental analysis in less time.
You can see all of the due diligence checks on ALL's stock page.
Is ALL stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge ALL's intrinsic value.
Using relative valuations metrics:
- ALL could be overvalued based on its P/B ratio of 2.6x, relative to Insurance - Property & Casualty industry P/B ratio of 2.25x
You can do additional valuation research on ALL's stock here.
ALL Financials at a glance
Positive Financial Indicators:
- ALL's operating cash flow of $4.23B allows it to safely service it's debt of $7.94B.
- ALL profit margin has gone up from -2.7% to -0.6% in the past year.
Negative Financial Indicators:
- ALL has a relatively high debt to equity ratio of 4.83.
- Total ALL debt is higher than 5 years ago, relative to shareholder equity.
- ALL earnings of $56.00M is not sufficient to cover its interest payments.
Is ALL stock a Buy, Hold, or Sell, according to analysts?
Out of 15 Wall Street analysts who research ALL, the consensus analyst rating on Allstate is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest ALL Analyst Upgrades/Downgrades
Harry Fong, a top 13% analyst from Roth MKM reiterates ALL with a strong buy rating and raises their ALL price target from $175.00 to $200.00, on Apr 8, 2024.
Paul Newsome, a top 8% analyst from Piper Sandler maintains ALL with a strong buy rating and raises their ALL price target from $172.00 to $188.00, on Apr 1, 2024.
Piper Sandler's Paul Newsome raised their price target on Allstate (NYSE: ALL) by 9.3% from $172 to $188 on 2024/04/01. The analyst maintained their Strong Buy rating on the stock.
In a Financial (Insurance) sector review, Newsome said they are taking a "more cautious approach" to the Q1 2024 earnings season.
The analyst explained that higher YTD values reflect the expectation of extremely robust bottom-line performance.
Vikram Gandhi, a top 41% analyst from HSBC upgrades ALL to a strong buy rating and announces their ALL price target of $190.00, on Mar 28, 2024.
Alex Scott, a top 15% analyst from Goldman Sachs maintains ALL with a strong buy rating and raises their ALL price target from $164.00 to $195.00, on Mar 25, 2024.
Brian Meredith, a top 7% analyst from UBS maintains ALL with a strong buy rating and raises their ALL price target from $171.00 to $185.00, on Feb 12, 2024.
You can dive deeper into what analysts are projecting on the Allstate stock forecast page.
ALL Technicals
ALL Revenue
Last year, ALL revenue was $57.09B. In the last five year, ALL's revenue has grown by 7.48% per year. This was slower than the Insurance - Property & Casualty industry average of 11.78%.
You can research ALL's earnings and revenue performance here.
Latest Insiders Trades at ALL
In the last 12 months, executives and large shareholders at ALL have bought more shares than they have sold.
Robert Toohey, EVP Chief HR Officer - AIC of ALL, was the latest ALL insider to sell. They sold $110,604.80 worth of ALL stock on Apr 5, 2024.
Dig into more about who owns ALL shares here.
Can I get consistent income from ALL stock?
Allstate pays a dividend of 2.05%, compared to the Insurance - Property & Casualty industry's average dividend yield of 2.55%. If you owned $1,000 of ALL stock, you would have received $20.47 last year.
Allstate dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Allstate dividend yield and history here.
What others are saying about ALL
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your ALL buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount, place a limit order.
Hit the Open Trade button and your broker will place the order.
If you require additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Track your ALL position
Now that you own some ALL stock, you'll want to keep up with your new investment.
Make a watchlist to get the latest updates about your ALL stock.
ALL Feed
How to Buy Stock in Allstate
To reiterate, here are the 6 steps to buy stock in Allstate:
- Figure out where to buy Allstate stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Evaluate Allstate stock
- Execute your ALL buy order
- Track your ALL position
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to watch your investment in Allstate, create your watchlist below.
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