The Allstate Corp

  • Auto Insurers: Does Pricing "Discrimination" Pay?

    By BA McKenna - July 31, 2013 | Tickers: PGR, ALL, TRV

    The Consumer Federation of America recently released a report condemning some insurance companies, such as Progressive (NYSE: PGR), for using education level and occupation to set rates for auto coverage, while commending others, such as Allstate (NYSE: ALL) and Travelers (NYSE: TRV), for not using these factors.

    The CFA calls the practice "discriminatory," while others view it as adept underwriting. Judgments aside, I wondered: Is there a difference in performance more »

  • Do Low Expectations Mean There Is Upside in This Stock?

    By Chad Henage - July 23, 2013 | Tickers: AFL, AIG, ALL, TRV

    Call me an optimist, but it seems like the market isn’t giving enough credit to AFLAC's (NYSE: AFL) management. At the present time, this company that has historically grown both earnings and its dividend and an admirable pace is selling for a lower forward P/E ratio then several of its competitors. Concerns over the company’s exposure to the Yen, and questions about the company’s ability more »

  • Still Room for This Turnaround to Run

    By Marshall Hargrave - July 15, 2013 | Tickers: AIG, ALL, CB

    American International General (NYSE: AIG) has been in "turnaround" mode since the U.S. Treasury orchestrated a $700 billion bailout of the insurer back in 2008. But in December 2012, the U.S. Treasury sold its remaining stake in AIG, so what's the future catalyst to drive the stock higher? It appears the company has refocused on insurance and is now, once again, one of the top players in more »

  • Billionaire David Harding’s Inexpensive Picks

    By Meena Krishnamsetty - July 12, 2013 | Tickers: XOM, LMT, NOC, RTN, ALL

    Value investors often begin their search for attractive stocks by looking for those which are “cheap” in terms of having low price-to-earnings multiples. We at Insider Monkey maintain a database of quarterly 13F filings from hundreds of hedge funds as part of our work developing investment strategies and can also screen picks from individual managers in search of potential value opportunities that investors might want to research further. Here are more »

  • Billionaire Andreas Halvorsen’s Cheap Stock Picks

    By Meena Krishnamsetty - June 27, 2013 | Tickers: COF, LYB, MPC, ALL, VLO

    Viking Global, a hedge fund managed by billionaire and Tiger Cub Andreas Halvorsen, filed its 13F for the first quarter of 2013 with the SEC in May. These filings disclose many of hedge funds’ long equity positions in U.S. stocks as of the end of the most recent fiscal quarter; despite the age of this information, we’ve actually found that the most popular small cap stocks among hedge more »

  • Insiders Are Buying These 3 Stocks

    By Madhukar Dubey - June 26, 2013 | Tickers: AGNC, NOC, ALL

    According to section 16 of the SEC, a company's management and any other person who holds more than 10% stake in a company's equity are considered an insider. Transactions by these insiders are not always illegal, but activity is considered illegal if it occurs prior to any important news not yet published.

    To make the transaction legal, insiders must file Form 4 with the SEC regarding any change more »

  • Three Reasons to Buy AIG

    By Andrés Cardenal - June 24, 2013 | Tickers: AIG, ALL, CB, TRV

    AIG (NYSE: AIG) was the poster child of the financial crisis, but the company has come a long way since them. The insurance giant is now a much healthier and more transparent company, and business is showing clear signs of improvement.  This may be a good time grab some shares of this insurance powerhouse while the stock is still cheap.

    Back on track

    The company really messed up during the more »

  • Billionaire Ken Griffin’s Cheap Stock Picks

    By Meena Krishnamsetty - June 20, 2013 | Tickers: AAPL, PNC, ALL, UTX, USB

    There are a number of ways for investors to make use of the information in quarterly 13F filings, despite the fact that the information is a bit behind by the time it is released. For one, we have found that the most popular small-cap stocks among hedge funds generate an average excess return of 18 percentage points per year, and think that other strategies are possible as well.

    We can more »

  • Billionaire Ken Griffin's Favorite 5 Stocks

    By Marshall Hargrave - May 31, 2013 | Tickers: AMT 131116P00072500, EOG, IVZ, ALL, DIS

    Billionaire Ken Griffin started trading stock options back in 1986 from his Harvard dorm room. During his sophomore year, he launched a convertible-bond arbitrage fund and soon started Citadel Investment Group, which is now one of the largest funds in the world. Citadel's strategy lies in bottom-up company analysis. Outlined below are Griffin and his hedge fund's top five stocks going into the second quarter; let's check more »
  • 1 Mind-Blowing Revelation the Buffett Bulls Might’ve Missed

    By Meena Krishnamsetty - May 28, 2013 | Tickers: AIG, BRK-B, HIG, ALL, TRV

    Berkshire Hathaway (NYSE: BRK-B) held its annual meeting a few weekends ago at the Century Link Center in Omaha; see Insider Monkey's recap from the meeting. An annual spring rite of passage for value investors, the meeting attracted thousands of shareholders who flocked to the Midwest to pay homage to the Oracle of Omaha. During the course of the meeting, and in his annual shareholder letter, Buffett discussed future more »

  • 1 Property & Casualty Insurance Company To Buy

    By Wes Patoka - May 21, 2013 | Tickers: ALL, CB, TRV

    Property and casualty insurance companies are some of the most profitable and necessary companies around. Unlike their peers in healthcare, there are not mandates that restrict the profit margins of these companies; it is all a balance of raising premiums and keeping customers happy. Today, we will look at three companies in this segment: Travelers (NYSE: TRV), Allstate (NYSE: ALL) and Chubb (NYSE: CB). All three of these companies have more »

  • 3 Names in the Property & Casualty Insurance Business

    By Victor Selva - May 16, 2013 | Tickers: HTH, PRA, ALL

    Lately, the property and casualty insurance business has been showing a few market outperformers, companies showing strong sings of post-crisis recoveries and aiming towards double-digit growth and above average profitability. Three very interesting companies in this sector are Hilltop Holdings (NYSE: HTH), ProAssurance (NYSE: PRA) and Allstate (NYSE: ALL)

    A promising stock

    After reporting a strong fiscal first quarter on May 6, Hilltop’s stock price rose by 8%. However more »

  • Will Driverless Cars Run Over Auto Insurers?

    By Eileen Rojas - May 13, 2013 | Tickers: GOOG, PGR, ALL

    As the possibility of having driverless cars on the road approaches, how will auto insurers react and adjust to this potentially disruptive technology? A lot could be at stake for the $200 billion personal and commercial auto insurance industry, and companies such as Allstate (NYSE: ALL) and Progressive (NYSE: PGR) may find their profits threatened by this new technology.

    Insurance Companies Complacent?

    Google's (NASDAQ: GOOG) driverless car technology is more »

  • This Insurance Powerhouse Will Continue Outperforming

    By Andrés Cardenal - May 7, 2013 | Tickers: AIG, ALL, CB, TRV

    American International Group (NYSE: AIG) rose by nearly 5% on Friday after the company announced better than expected earnings figures on Thursday after the close. The stock is up by more than 20% in the last year, but make no mistake, there is still plenty of upside room in this recovering insurance giant.

    After the storm

    AIG made the worst possible kind of bet during the credit bubble; the company more »

  • The Return of AIG: Deleveraged, Focused, and Undervalued

    By Jay Jenkins - April 1, 2013 | Tickers: AIG, ALL, TRV

    The markets still value American International Group (NYSE: AIG)  through the lens of 2008. But the AIG of today has materially improved its risk profile and generated financial results comparable to its peer group. Now is the time to invest, before the markets realize that today's AIG isn't the same company that got bailed out in September 2008.

    The biggest difference: simplified risk

    Over the past 5 years more »

  • New SEC Fiduciary Duty Standards Loom Large for Financial Service Providers

    By Kyle Colona - March 27, 2013 | Tickers: AMP, PRI, ALL

    The SEC is crafting so-called new Fiduciary Standards for broker-dealers and investment advisers that could also affect an array of previously exempt financial service providers.

    As has widely been reported the Securities Exchange Commission has been tasked with devising new standards of care under the Dodd-Frank reform measure. While broker-dealers and investment advisers customarily performed similar duties, brokers have primarily acted in a sales capacity while not offering investment advice more »

  • New SEC Fiduciary Duty Standards Loom Large for Financial Service Providers

    By Kyle Colona - March 27, 2013 | Tickers: AMP, PRI, ALL

    The SEC is crafting so-called new Fiduciary Standards for broker-dealers and investment advisers that could also affect an array of previously exempt financial service providers.

    As has widely been reported, the Securities Exchange Commission has been tasked with devising new standards of care under the Dodd-Frank reform measure. While broker-dealers and investment advisers customarily performed similar duties, brokers have primarily acted in a sales capacity while not offering investment advice more »

  • Buy Insurance to Ensure Profits

    By Ken McGaha - March 25, 2013 | Tickers: BRK-A, ALL, CB, TRV

    When looking for safe investment opportunities, it's really hard to find a better way to make money than to put yourself in a position to use other people’s money while they are paying you to hold it for them. Does that sound too good to be true? Would you believe it if it came from one of the richest men in the world?

    Well it did!

    “Meanwhile, we more »

  • Is it Time to Buy Travelers Insurance?

    By Wes Patoka - March 25, 2013 | Tickers: ALL, TRV

    Minnesota based Travelers Insurance co. (NYSE: TRV) is a best of breed national Property & Casualty (P&C) insurance company. Insurance looks like a great place to invest now as premiums start to creep up across the board, and the industry continues to see consolidation of smaller players. The immense cost of maintaining the best underwriting databases is currently putting pressure on the industry to consolidate. National insurers like Travelers, Allstate more »

  • This Great Company Still Has 3 Ways to Get Better

    By Chad Henage - March 15, 2013 | Tickers: AFL, AIG, ALL, TRV

    When investors consider a company, it makes sense to look for both strengths and weaknesses. The company's strengths need to be examined to determine if they are sustainable. On the other hand, if a company has a weakness, this could either be a problem to keep an eye on, or an area for improvement in the future. When I look at a company like Aflac (NYSE: AFL), I see more »

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