On June 27, Allstate rose 3.11% in regular trading, trading at approximately $238.96/share, with turnover of $205 million. The stock extended its recovery trajectory as the broader Property & Casualty Insurance sector strengthened collectively.

On the news front, Goldman Sachs recently raised its price target on Allstate to $233 from $226 while maintaining a Neutral rating. The company had previously disclosed combined April and May catastrophe losses of $1.16 billion ($915 million after tax), which the market has now fully priced in. Total Q1 catastrophe losses reached $1.24 billion, with April alone accounting for $870 million from 10 wind and hail events. Meanwhile, the stock continues to benefit from strong Q1 earnings momentum, having reported adjusted EPS of $10.65 versus the consensus estimate of $7.29.

Within the Property & Casualty Insurance sector, peers posted broad gains: Progressive up 3.34%, Chubb up 2.93%, Hartford Insurance up 2.40%, Travelers up 2.25%, and American International Group up 0.44%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)