BofA Securities analyst Joshua Shanker maintains $Allstate (ALL.US)$ with a buy rating, and adjusts the target price from $226 to $216.
According to TipRanks data, the analyst has a success rate of 64.4% and a total average return of 11.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Allstate (ALL.US)$'s main analysts recently are as follows:
It's anticipated that the third quarter's global catastrophe events will result in 'manageable' catastrophe losses for property and casualty insurers. Insurers are expected to incorporate 'placeholder' losses for Hurricane Milton in their fourth-quarter models, although the full impact remains uncertain following the storm's recent landfall. The changes in the sector's expectations reflect the events of the past quarter and adjustments in various price-to-earnings multiples.
The fundamental outlook for the property and casualty sector is viewed positively heading into the third-quarter reports. However, this optimism is tempered by existing bullish sentiment and stock valuations. Key advantages include firm pricing and a defensive risk profile for the sector, but there is a sense that expectations for underwriters' margins and brokers' sales growth are on the higher side.
Property & Casualty insurance stocks performed well in the third quarter, benefiting from a milder natural catastrophe season and market positioning, which propelled stocks to new highs. Despite the market dynamic shifting due to Hurricane Helene and Hurricane Milton, it is anticipated that underwriters will report satisfactory results for the third quarter of 2024.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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美銀證券分析師Joshua Shanker維持$好事達 (ALL.US)$買入評級，並將目標價從226美元下調至216美元。
根據TipRanks數據顯示，該分析師近一年總勝率為64.4%，總平均回報率為11.3%。
此外，綜合報道，$好事達 (ALL.US)$近期主要分析師觀點如下：
預計第三季度的全球災難事件將給財產和意外傷害保險公司帶來 「可控的」 災難損失。預計保險公司將在第四季度模型中納入颶風米爾頓的 「佔位性」 損失，儘管在風暴最近登陸後，其全部影響仍不確定。該行業預期的變化反映了上個季度的事件以及各種市盈倍數的調整。
在第三季度報告發布之前，財產和意外傷害行業的基本前景被視爲樂觀。但是，現有的看漲情緒和股票估值抑制了這種樂觀情緒。主要優勢包括穩健的定價和該行業的防禦性風險狀況，但有人認爲，對承銷商利潤率和經紀商銷售增長的預期偏高。
財產和意外傷害保險股在第三季度表現良好，這得益於較溫和的自然災害季節和市場定位，這推動股市創下新高。儘管由於颶風海倫和颶風米爾頓，市場動態發生了變化，但預計承銷商將公佈2024年第三季度的令人滿意的業績。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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