Allstate Corp
ALL: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$355.00 | Hdrt | Bqhsfnpp |
Allstate Continues to Face Headwinds in Q1
Allstate continued to struggle against headwinds in its auto insurance operations during the first quarter, but considering the industry backdrop we think the company’s results were reasonable. We will maintain our $125 per share fair value estimate and no-moat rating.