Allstate Will Weather the Storm

Picked up 1,872 shares of Allstate Corp. (ALL) at $53.39, for a current value of $100,956.96. Allstate had previously been mentioned in the post on Six Stocks for 2006. Allstate has a trailing price earnings of 19.55, but a forward price earnings of 8.91. This gives an averaged price earnings value of 14.23, which is a makes this stock a bargain buy. The company has a debt/equity ratio of 0.25, and will most likely surpass its previous 52-week high of $62 per share. Allstate pays a dividend of $1.28, which gives a dividend yield ratio of 2.40%.

Interesting Allstate News:

The Street.com: A Value Investor's Plan for 2006 "Allstate is undervalued, and its pricing model is more powerful than the market thinks. "

gurufocus.com: Allstate is owned by at least four Guru Investors.

CNN Money: Solid Insurance Outlook in 2006 "At an industry conference in November, Allstate chief executive Edward Liddy said the company is targeting double-digit rate increases in areas with exposure to hurricane activity, such as Louisiana, Alabama, Virginia and Texas."

MSN Money: Analysts see another big year for insurance stocks "Lehman Brothers insurance analyst Jay Gelb expects many of the major insurers to outperform their market during the next 12 months."

CarInsurance.com: Allstate Revolutionizing Car Insurance in America "With Your Choice Auto, Allstate is offering new rewards to consumers who drive safely and enhanced protection for those not able to stay out of harm's way."