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 $190.68, down 0.17% from the previous day, and has increased 68.18% in one year. It has overperformed other stocks in the Insurance - Property & Casualty industry by 0.49 percentage points. Allstate stock is currently +74.92% from its 52-week low of $109.01, and -0.95% from its 52-week high of $192.50.
As of Sep 19, 2024, there are 264.04M ALL shares outstanding. The market value of ALL is $50.35B. 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.
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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/E ratio of 17.26x, relative to Insurance - Property & Casualty industry P/E ratio of 16.84x
- ALL may be overvalued based on its P/B ratio of 2.71x, relative to Insurance - Property & Casualty industry P/B ratio of 2.42x
- ALL could be undervalued based on its PEG ratio of 0.7x
You can do additional valuation research on ALL's stock here.
ALL Financial Health Summary
Positive Financial Indicators:
- ALL earnings of $4.10B is not sufficient to cover its interest payments.
- ALL's operating cash flow of $6.48B allows it to safely service it's debt of $8.08B.
- ALL profit margin has gone up from -5% to 4.8% 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.
Do Wall Street analysts think it's a good time to buy Allstate stock
Out of 12 Equities analysts who give forecasts on ALL, the consensus analyst rating on Allstate is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent ALL Analyst Ratings
Harry Fong, a top 9% analyst from Roth MKM reiterates ALL with a strong buy rating and maintains their ALL price target from $200.00 to $200.00, on Aug 14, 2024.
Michael Zaremski, a top 17% analyst from BMO Capital maintains ALL with a buy rating and raises their ALL price target from $191.00 to $205.00, on Aug 5, 2024.
Joshua Shanker, a top 11% analyst from Bank of America maintains ALL with a strong buy rating and raises their ALL price target from $213.00 to $226.00, on Aug 1, 2024.
Bank of America's Joshua Shanker raised their price target on Allstate (NYSE: ALL) by 6.1% from $213 to $226 on 2024/08/01. The analyst maintained their Strong Buy rating on the stock.
Allstate's results beat both Bank of America and the Street estimates, Shanker highlighted after assessing the company's 2024/07/31-dated Q2 2024 print.
The analyst upgraded their earnings outlook through 2026 and accelerated their forecasts for Allstate's return to healthy levels of profitability, citing the 100 bps underwriting margins, which were better than BoA's expectations.
Earnings Report
For Q2 2024, Allstate reported:
- EPS of $1.61, which beat the Zacks Consensus Estimate of $0.33 and, by 136.4%, Q2 2023’s $(4.42).
- Revenue of $15.7B, which beat the Zacks Consensus Estimate by 1.69 and, by 12.4%, Q2 2023’s $14B.
Management did not provide financial guidance in its press release.
Chairman, President, & CEO Tom Wilson commented: “Allstate’s strong execution capabilities benefited Q2 results and positioned us for continued success.
“Revenues grew by 12% Y/Y to $15.7B for the quarter, reflecting increased insurance premiums and higher investment income.
“Almost 2M customer claims were handled in the quarter to help rebuild lives after storms, accidents, and device breakage.
“The Property-Liability profit improvement plan progressed, resulting in an underlying combined ratio of 85.3.
“Protection Services and the Health and Benefits businesses also generated strong results.
“As a result, net income applicable to common shareholders was $301M with adjusted net income of $1.61 per diluted common share.
“Allstate’s strategy of providing affordable, simple, and connected protection resulted in strong policy growth in National General branded property-liability insurance and Allstate protection plans sold by retailers.
“National General’s policies in force increased by 12% Y/Y, and it is now one of the largest personal lines insurers serving the independent agent channel.
“Total Property-Liability policies in force declined by 0.8%, reflecting fewer Allstate brand auto insurance policies as increased new business did not offset customer retention losses.
“Protection Plans policies in force increased by 9% with a written premium of $518M in the quarter, due to higher sales through U.S. retailers and expansion of mobile phone protection plans in Europe.
“Allstate’s Transformative Growth plan, broad protection offerings, and extensive distribution are expected to create additional shareholder value.”
Jimmy Bhullar, a top 22% analyst from JP Morgan maintains ALL with a strong buy rating and raises their ALL price target from $193.00 to $200.00, on Jul 11, 2024.
Michael Phillips, a bottom 11% analyst from Morgan Stanley maintains ALL with a strong buy rating and lowers their ALL price target from $205.00 to $200.00, on Jul 10, 2024.
You can dig deeper into what analysts are forecasting on the Allstate stock forecast page.
ALL Technicals
ALL Performance Metrics
Last year, ALL earnings were $2.91B. Over the past five year, ALL's earnings have increased by 8.56% per year. This was slower than the Insurance - Property & Casualty industry average of 16.81%.
Last year, ALL revenue was $60.30B. Over the last 5 year, ALL's revenue has increased by 7.46% per year. This was slower than the Insurance - Property & Casualty industry average of 11.74%.
Dig into ALL's earnings and revenue performance here.
Who is buying/selling ALL?
In the past 12 months, insiders at ALL have bought more shares than they have sold.
Thomas J. Wilson, Chairman President CEO of ALL, was the latest ALL insider to sell. They sold $15,901,548.30 worth of ALL stock on Aug 22, 2024.
Learn more about who owns ALL stock here.
Does ALL stock generate passive income?
Allstate pays a dividend of 1.43%, compared to the Insurance - Property & Casualty industry's average dividend yield of 2.41%. If you owned $1,000 of ALL stock, you would have received $14.32 last year.
Allstate dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Allstate dividend yield and history here.
ALL Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your ALL buy order
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, place a limit order.
Press the Open Trade button and eToro will execute the order.
If you want additional help buying stocks on eToro, click the helpful video below:
Step 6: Track your ALL position
Now that you own some shares in ALL, you'll want to keep up with your investment.
Put ALL on a watchlist to get alerted to the latest events about your ALL stock.
ALL Feed
How to Buy Stock in Allstate
To summarize, here are the 6 steps for buying Allstate stock:
- 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 want to get the latest scoop on your investment in Allstate, get started below.
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