Allstate Stock Surges Post Q3 Results
Update: 2025-12-03
Description
Allstate, a leading property and casualty insurer, recently reached a record high stock price of $215.89, currently trading just over 3% below that peak. With a market value of $55 billion, Allstate is the fourth-largest insurer in the U.S. Despite slightly underperforming the Dow Jones Industrial Average in recent months, Allstates stock has shown a bullish trend, trading above its 200-day moving average. The companys strong third-quarter results, including a 3.8% year-over-year increase in premiums and a significant improvement in its combined ratio, boosted investor confidence and led to a 1.7% stock price increase. Analysts maintain a Moderate Buy rating on Allstate, suggesting a 15.1% upside potential.
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