Allstate Corporation (The) (ALL) Rises 2.66%

Allstate Corporation (The) (ALL) Rises 2.66%

Among the biggest risers on the S&P 500 on Friday October 04 was Allstate Corporation (The) ($ALL), popping some 2.66% to a price of $108.46 a share with some 1.71 million shares trading hands.

Starting the day trading at $105.73, Allstate Corporation (The) reached an intraday high of $108.50 and hit intraday lows of $105.73. Shares gained $2.81 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 329.19 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $77.00 to $109.55.

On the basis of premium sales, Allstate is one of the largest U.S. property-casualty insurers. Personal auto represents the largest percentage of revenue, but the company offers homeowners insurance and other insurance products. Life insurance contributes about 10% of revenue. Allstate products are sold in North America primarily by about 10,000 company agencies.

Allstate Corporation (The) has its corporate headquarters located in Northbrook, IL and employs 45,700 people. Its market cap has now risen to $35.7 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 1.58, and P/FCF n/a.

The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

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