Should Investors Reassess Allstate’s Valuation After Its Strong Multi Year Share Price Rally?
Allstate’s share price has delivered robust returns over multiple time frames, which is an important backdrop before digging into valuation. Investors have seen the stock rise 8.9% year to date and 12.6% over the past year, while the 3 year and 5 year gains stand at 66.6% and 123.1% respectively.
While there was a modest 0.1% dip over the last 30 days, the stock still climbed 3.9% in just the past week, suggesting sentiment remains constructive. This pattern hints that short term pullbacks have so far been treated more as pauses in an uptrend rather than a reversal in the longer term story.
Such performance naturally raises the question of whether the current price fairly reflects Allstate’s fundamentals or if investors…
