The
Allstate Corporation (NYSE:ALL) has recently been the subject of noteworthy activity in both earnings and stock trading. It outperformed competitors on several strong trading days. Several financial entities, like
Merit Financial Group, Victory Capital Management, and
Simplicity Solutions have increased their investments in the company. Analysts from both
Citigroup and
Raymond James continue to maintain strong buy recommendations for Allstate. It repoted significant improvements in its
Q1, Q3, and Q4 of 2023 Earnings and substantial turnaround in
Q1 2024 Earnings. Allstate also declared a
$0.89 dividend and its auto premiums earned were up 11% in Q1. While the company is being praised for its consistent dividend, some have raised concerns regarding rate hikes potential impact on new business. Allstate's
strong underwriting margins were recognized, although some projections suggested that shares may be due for a pause. Corporate insiders have been seen to sell shares, specifically Executive VP, Robert Toohey.
The Allstate Corporation ALL News Analytics from Fri, 14 Jul 2023 07:00:00 GMT to Fri, 10 May 2024 10:45:55 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor -3
