The Allstate Corporation (NYSE:ALL) is featured in the top 20 NYSE stocks with the lowest P/E ratios, with Keefe, Bruyette & Woods (KBW) reiterating a $246 price target and outperform rating. Despite $213 million in catastrophic losses in August, Allstate saw growth in its customer base, particularly in auto and residential policies.

Allstate provides personal lines, commercial, homeowners, and auto insurance products in the U.S. and Canada through various channels. The company has approximately 38 million insurance policies in total, with steady policy growth despite challenges from extreme weather events. Keefe, Bruyette & Woods remains positive on Allstate due to reduced expected future losses and policy growth.

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Read more at Yahoo Finance: Keefe, Bruyette & Woods (KBW) Reiterates $246 PT and Outperform Rating on The Allstate Corporation (ALL)