Allstate's Milton Loss Hits $102M: Stock Reaches 52-Week High

Zacks11-22 22:27

The Allstate Corporation ALL recently announced estimated catastrophe (CAT) losses of $102 million, pretax, from Hurricane Milton. For October 2024 alone, the amount was estimated at $286 million or $...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2485298592?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/gvQnLlyFEhiu9_lHEI4F.g--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/72420a4ecb19e8dee78a7a9360ddaafa","is_english":true,"pubTime":"2024-11-22 22:27","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2485298592","market":"us","top_or_hot":-1,"title":"Allstate's Milton Loss Hits $102M: Stock Reaches 52-Week High","media":"Zacks","content":"<div>\n<p>The Allstate Corporation ALL recently announced estimated catastrophe (CAT) losses of $102 million, pretax, from Hurricane Milton. For October 2024 alone, the amount was estimated at $286 million or $...</p>\n\n<a href=\"https://finance.yahoo.com/news/allstates-milton-loss-hits-102m-142700511.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Allstate's Milton Loss Hits $102M: Stock Reaches 52-Week High</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAllstate's Milton Loss Hits $102M: Stock Reaches 52-Week High\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 22:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/allstates-milton-loss-hits-102m-142700511.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Allstate Corporation ALL recently announced estimated catastrophe (CAT) losses of $102 million, pretax, from Hurricane Milton. For October 2024 alone, the amount was estimated at $286 million or $...</p>\n\n<a href=\"https://finance.yahoo.com/news/allstates-milton-loss-hits-102m-142700511.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4149","symbol_name":"建筑机械与重型卡车","start_time":0,"source_url":"https://finance.yahoo.com/news/allstates-milton-loss-hits-102m-142700511.html","article_id":"2485298592","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/gvQnLlyFEhiu9_lHEI4F.g--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/72420a4ecb19e8dee78a7a9360ddaafa"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485298592","pubTimestamp":1732285620,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Allstate Corporation ALL recently announced estimated catastrophe  losses of $102 million, pretax, from Hurricane Milton. For October 2024 alone, the amount was estimated at $286 million or $226 million after taxes. Meanwhile, the company only recorded CAT losses of $68 million in the fourth quarter of 2023.October year-to-date catastrophe losses came in at $4.84 billion or $3.82 billion after taxes. Last month’s CAT losses include $144 million  in unfavorable reserve re-estimates from Hurricane Helene, primarily affecting Georgia, South and North Carolina.The consensus mark for ROOT’s current-year earnings indicates an 88.2% year-over-year improvement. It beat earnings estimates in each of the trailing four quarters, with an average surprise of 127.2%. Furthermore, the consensus estimate for Root’s 2024 revenues indicates 147.9% year-over-year growth.The consensus mark for AXIS Capital’s current-year earnings indicates 10.6% year-over-year growth. It beat earnings estimates in eac","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4149":"建筑机械与重型卡车","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","ALL":"好事达","BK4588":"碎股","LU0154245756.USD":"BNP PARIBAS US MID CAP \"C\" (USD) ACC","CAT":"卡特彼勒","LU0154245673.USD":"BNP PARIBAS US MID CAP \"C\" (USD) INC","BK4551":"寇图资本持仓","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","BK4505":"高瓴资本持仓","BRO":"布朗保险经纪","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","ROOT":"Root, Inc.","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","AXS":"埃克斯资本","BK4173":"保险经纪商","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4107":"财产与意外伤害保险","BK4516":"特朗普概念","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","BK4597":"股息贵族","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4532":"文艺复兴科技持仓","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU2355687059.USD":"NORDEA 1 GLOBAL IMPACT  \"BP\" (USD) ACC","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","BK4520":"美国基建股","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD"},"translate_title":"Allstate米尔顿亏损达1.02亿美元：股价创52周新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AXS":1,"ROOT":1,"CAT":1,"BRO":1,"ALL":1},"content_text":"The Allstate Corporation ALL recently announced estimated catastrophe (CAT) losses of $102 million, pretax, from Hurricane Milton. For October 2024 alone, the amount was estimated at $286 million or $226 million after taxes. Meanwhile, the company only recorded CAT losses of $68 million in the fourth quarter of 2023.\nOctober year-to-date catastrophe losses came in at $4.84 billion or $3.82 billion after taxes. Last month’s CAT losses include $144 million (pretax) in unfavorable reserve re-estimates from Hurricane Helene, primarily affecting Georgia, South and North Carolina.\nBeyond ALL’s CAT Losses\nLast month, the company reported a third-quarter 2024 adjusted net income of $3.91 per share, which outpaced the Zacks Consensus Estimate by a whopping 77.7%, after incurring catastrophe losses of $1.7 billion.\nInvestors are showing confidence, pushing the stock to a 52-week high. The stock closed at $203.48 on Thursday while registering a 52-week high of $203.53. The company continues to benefit from rising premiums from a diverse product portfolio, strategic acquisitions, and disciplined pricing.\nShares of Allstate have jumped 12.8% in the past three months compared with the industry’s growth of 3.9%.\nImage Source: Zacks Investment Research\nShould You Buy ALL?\nThe Zacks Consensus Estimate for ALL’s 2024 earnings is projected at $16.01 per share, a significant increase from 95 cents a year ago. The consensus mark for 2025 earnings signals a further 19.5% gain, indicating strong growth potential.\nEven at its 52-week high, now is a good time to increase your position in Allstate. The company is capitalizing on improved underwriting performance and efficiency-driven initiatives. By divesting non-core assets, Allstate is sharpening its focus on more profitable areas. It currently has a Zacks Rank #2 (Buy).\nOther Top-Ranked Stocks\nInvestors interested in the broader Finance space may look at some other top-ranked players like Root, Inc. ROOT, AXIS Capital Holdings Limited AXS and Brown & Brown, Inc. BRO. While Root currently sports a Zacks Rank #1 (Strong Buy), AXIS Capital and Brown & Brown carry a Zacks Rank #2 each. You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe consensus mark for ROOT’s current-year earnings indicates an 88.2% year-over-year improvement. It beat earnings estimates in each of the trailing four quarters, with an average surprise of 127.2%. Furthermore, the consensus estimate for Root’s 2024 revenues indicates 147.9% year-over-year growth.\nThe consensus mark for AXIS Capital’s current-year earnings indicates 10.6% year-over-year growth. It beat earnings estimates in each of the trailing four quarters, with an average surprise of 90.3%. Furthermore, the consensus estimate for AXS’ 2024 revenues indicates a 7.4% year-over-year increase.\nThe Zacks Consensus Estimate for Brown & Brown’s current-year earnings is pegged at $3.74 per share, which indicates 33.1% year-over-year growth. It has witnessed five upward estimate revisions against none in the opposite direction in the past month. BRO beat earnings estimates in each of the past four quarters, with an average surprise of 6.9%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nThe Allstate Corporation (ALL) : Free Stock Analysis Report\nAxis Capital Holdings Limited (AXS) : Free Stock Analysis Report\nBrown & Brown, Inc. (BRO) : Free Stock Analysis Report\nRoot, Inc. (ROOT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485298592"}