Mizuho Maintains Outperform on Allstate, Raises Price Target to $300
Mizuho analyst Yaron Kinar maintains Allstate (NYSE:ALL) with a Outperform and raises the price target from $297 to $300.
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Allstate Reports August Catastrophe Losses Of $748M, Post-Tax Of $591M
Catastrophe losses for August include 21 events with approximately 50% of the losses related to one wind and hail event. Total catastrophe losses for July and August were $1.43 billion or $1.13 billion, after-tax.
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Mizuho Maintains Outperform on Allstate, Lowers Price Target to $297
Mizuho analyst Yaron Kinar maintains Allstate (NYSE:ALL) with a Outperform and lowers the price target from $300 to $297.
3 Insurers to Watch as Competition in Personal Auto Intensifies
The U.S. personal auto insurance industry is transitioning from a rate-increase phase to competitive growth as loss ratios improve. Leading insurers with superior underwriting, technology, and distribution capabilities are positioned to gain market share and sustain profitability. The Travelers, Allstate, and Progressive are well-positioned to benefit from this shift, though competitive pricing may moderate industry-wide returns.