BofA Securities analyst Joshua Shanker maintains $Allstate (ALL.US)$ with a buy rating, and adjusts the target price from $226 to $216.
According to TipRanks data, the analyst has a success rate of 64.4% and a total average return of 11.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Allstate (ALL.US)$'s main analysts recently are as follows:
It's anticipated that the third quarter's global catastrophe events will result in 'manageable' catastrophe losses for property and casualty insurers. Insurers are expected to incorporate 'placeholder' losses for Hurricane Milton in their fourth-quarter models, although the full impact remains uncertain following the storm's recent landfall. The changes in the sector's expectations reflect the events of the past quarter and adjustments in various price-to-earnings multiples.
The fundamental outlook for the property and casualty sector is viewed positively heading into the third-quarter reports. However, this optimism is tempered by existing bullish sentiment and stock valuations. Key advantages include firm pricing and a defensive risk profile for the sector, but there is a sense that expectations for underwriters' margins and brokers' sales growth are on the higher side.
Property & Casualty insurance stocks performed well in the third quarter, benefiting from a milder natural catastrophe season and market positioning, which propelled stocks to new highs. Despite the market dynamic shifting due to Hurricane Helene and Hurricane Milton, it is anticipated that underwriters will report satisfactory results for the third quarter of 2024.
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美银证券分析师Joshua Shanker维持$好事达 (ALL.US)$买入评级,并将目标价从226美元下调至216美元。
根据TipRanks数据显示,该分析师近一年总胜率为64.4%,总平均回报率为11.3%。
此外,综合报道,$好事达 (ALL.US)$近期主要分析师观点如下:
预计第三季度的全球灾难事件将给财产和意外伤害保险公司带来 “可控的” 灾难损失。预计保险公司将在第四季度模型中纳入飓风米尔顿的 “占位性” 损失,尽管在风暴最近登陆后,其全部影响仍不确定。该行业预期的变化反映了上个季度的事件以及各种市盈倍数的调整。
在第三季度报告发布之前,财产和意外伤害行业的基本前景被视为乐观。但是,现有的看涨情绪和股票估值抑制了这种乐观情绪。主要优势包括稳健的定价和该行业的防御性风险状况,但有人认为,对承销商利润率和经纪商销售增长的预期偏高。
财产和意外伤害保险股在第三季度表现良好,这得益于较温和的自然灾害季节和市场定位,这推动股市创下新高。尽管由于飓风海伦和飓风米尔顿,市场动态发生了变化,但预计承销商将公布2024年第三季度的令人满意的业绩。
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