Allstate (NYSE:ALL) is widely known from the slogan "you're in good hands with Allstate” and we think that it applies to investors too. The company is the second largest personal line insurance company in the U.S. following
You're In Goods Hand With Allstate
Summary
- We expect Allstate to benefit over the next few years from the “transformative growth plan” currently underway.
- The stock is still at attractive valuation at a projected '22 P/E of 10x. It is slightly below the ten-year average of 11.6x.
- Should economic recovery continue, leading to an increase in government bond yields, the investment portfolio of the company could benefit from a higher reinvestment rate.
Analyzing economic outlook and specific company situations to discover market opportunities
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