Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Allstate Corp before investing.

In this article, we go over a few key elements for understanding Allstate Corp’s stock price such as:

• Allstate Corp’s current stock price and volume
• Why Allstate Corp’s stock price changed recently
• Upgrades and downgrades for ALL from analysts
• ALL’s stock price momentum as measured by its relative strength

About Allstate Corp (ALL)

Before we jump into Allstate Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

The Allstate Corporation is a holding company for Allstate Insurance Company. The Company's business is conducted principally through Allstate Insurance Company and other subsidiaries. It is primarily engaged in the property and casualty insurance business in the United States and Canada. It operates through five segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property-Liability, and Corporate & Other. The Allstate Protection segment offers private passenger auto, homeowners, other personal lines, and commercial insurance through agents, contact centers and online. The Protection Services segment includes Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside, Arity & Allstate Identity Protection. The Allstate Health and Benefits segment offers voluntary benefits and individual life and health products, and other health insurance products. The Run-off Property-Liability segment includes property and casualty insurance coverage.

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Allstate Corp’s Stock Price as of Market Close

As of August 14, 2024, 4:00 PM, CST, Allstate Corp’s stock price was $180.95.

Allstate Corp is up 5.23% from its previous closing price of $171.96.

During the last market session, Allstate Corp’s stock traded between $169.95 and $173.43. Currently, there are 264.10 million shares of Allstate Corp stock available for purchase.

Allstate Corp’s price-earnings (P/E) ratio is currently at 15.6, which is high compared to the Insurance - Property & Casualty industry median of 13.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Allstate Corp Stock Price History

Allstate Corp’s (ALL) price is currently up 5.74% so far this month.

During the month of August, Allstate Corp’s stock price has reached a high of $181.34 and a low of $168.36.

Over the last year, Allstate Corp has hit prices as high as $180.87 and as low as $104.29. Year to date, Allstate Corp’s stock is up 33.44%.

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What Caused Allstate Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 13, 2024, there were 2 analysts who downgraded Allstate Corp’s stock and 11 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Allstate Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Allstate Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Allstate Corp’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Allstate Corp (ALL) by visiting AAII Stock Evaluator.

Relative Price Strength of Allstate Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 13, 2024, Allstate Corp has a weighted four-quarter relative price strength of 5.90%, which translates to a Momentum Score of 84 and is considered to be Very Strong.

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Allstate Corp Stock Price: Bottom Line

As of August 14, 2024, Allstate Corp’s stock price is $180.95, which is up 5.23% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Allstate Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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