Published on 25 May 2024 on Simply Wall St. via Yahoo Finance
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than that, you probably want to see it rise more than the market average. Unfortunately for shareholders, while the The Allstate Corporation (NYSE:ALL) share price is up 73% in the last five years, that's less than the market return. However, more recent buyers should be happy with the increase of 50% over the last year.
So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress.