How Allstate (ALL) Stock Stands Out in a Strong Industry

One stock that might be an
intriguing choice for investors right now is
The Allstate Corporation
ALL. This is
because this security in the Insurance - Property and Casualty
space is seeing solid earnings estimate revision activity, and is
in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will
lift all boats in an industry, as there can be broad trends taking
place in a segment that are boosting securities across the board.
This is arguably taking place in the Insurance - Property and
Casualty space as it currently has a Zacks Industry Rank of 36 out
of more than 250 industries, suggesting it is well-positioned from
this perspective, especially when compared to other segments out
there.

Meanwhile, Allstate is actually looking pretty good on its
own too. The firm has seen solid earnings estimate revision
activity over the past month, suggesting analysts are becoming a
bit more bullish on the firm's prospects in both the short and long
term.

In fact, over the past month,
current quarter estimates have risen from $3.18 per share to $3.52
per share, while current year estimates have risen from $12.59 per
share to $12.95 per share. This has helped ALL to earn a Zacks Rank
#2 (Buy), further underscoring the company's solid position. You
can see

the complete list of today's Zacks #1 Rank (Strong Buy)
stocks here.

So, if you are looking for a decent pick in a strong
industry, consider Allstate. Not only is its industry currently in
the top third, but it is seeing solid estimate revisions as of
late, suggesting it could be a very interesting choice for
investors seeking a name in this great industry segment.

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