Arrowstreet Capital Limited Partnership has reduced its position in
Allstate, while
O'Shaughnessy Asset Management and several other firms increased theirs. The financial company is seen as a good investment among billionaires, with its stock poised to beat earnings estimates again. Allstate recently completed the sale of its
Employer Voluntary Benefits Business, unlocking a $625M gain. Additionally, price target on Allstate was adjusted to $227 by Evercore ISI, maintaining an outperform rating. Moreover,
Allstate has had large growth in short interest, and has announced
Andréa Carter as the new Chief Human Resources Officer. Also, the company reported a
4Q 2024 strong revenue growth and strategic moves. Allstate is boosting its investor returns with a 8.7% dividend increase along with a $1.5B buyback plan. Furthermore, they are also selling their group health business to Nationwide and have estimated February catastrophe losses at $92M. Lastly, Allstate has sweetened the deal with a dividend hike and is viewed as an undervalued insurance stock deserving investment.
The Allstate Corporation ALL News Analytics from Sun, 06 Oct 2024 07:00:00 GMT to Sat, 05 Apr 2025 21:32:19 GMT -
Rating 7
- Innovation 5
- Information 5
- Rumor -5
