Why Allstate Stock Zoomed Nearly 6% Skyward on Friday
On the success of a rival, veteran insurance company Allstate (NYSE: ALL) capped off the trading week with a nice share-price surge. Its stock closed the day almost 6% higher following the publication of encouraging and solid monthly results from (NYSE: PGR).
Investors plowed money into Allstate after learning about how well Progressive did in September.
For the month, the latter insurer's net premiums written climbed by a sturdy 22% year over year to reach just under $4.9 billion. Net premiums earned more or less tracked with this growth, advancing by 20% to more than $4.6 billion.
Source Fool.com
Progressive Corp. Aktie
224,30 €
-0,07 %
Starkes Buy-Sentiment bei Progressive Corp. mit 41 Buy- gegenüber 3 Sell-Einschätzungen.
Ein Kursziel von 229 € für Progressive Corp. zeigt ein leicht positives Potenzial im Vergleich zum aktuellen Kurs von 224.3 €.
