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. Stock
€197.82
2.810%
With 32 Buy predictions and 3 Sell predictions Progressive Corp. is one of the favorites of our community.
As a result the target price of 219 € shows a slightly positive potential of 10.71% compared to the current price of 197.82 € for Progressive Corp..
