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Is This Insurance Stock Worthy of Your Money?

By David Hanson and Matt Koppenheffer - Feb 22, 2014 at 7:00AM

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Is Allstate a long-term winner for investors despite competition from Progressive and others?

Allstate (ALL 2.92%), the giant insurer, has had a very mediocre 10 year-run as competition from upstarts like Progressive (PGR 0.31%) and Geico have brought intense competition into the already competitive insurance space. With a newly minted buyback program approved, does Allstate look like an attractive stock going forward?

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Allstate's past business performance and tell investors what they think of the stock going forward.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends Progressive. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Stocks Mentioned

The Allstate Corporation Stock Quote
The Allstate Corporation
ALL
$127.41 (2.92%) $3.62
The Progressive Corporation Stock Quote
The Progressive Corporation
PGR
$121.27 (0.31%) $0.38

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