The Allstate Corporation (ALL) has been a strong performer in the industry, with shares rising 45% in a year and experts stating it is a value and momentum stock. As a result, hedge funds have expressed bullish sentiment, and institutional owners currently hold 79% of the company. Moreover, analysts have made underweight recommendations for Allstate Corporation's preferred stock. The company seems to be well-positioned within its market and is focused on strategic insight and growth, with an aim at beating estimates and struggling to bounce back from an earnings report downturn. It has further announced significant turnarounds in Q1 2024 earnings, and a swing to outperform at BMO. However, EVP Robert Toohey sold over $3 million worth of the corporation’s stock, indicating potential concerns while all-time high stock prices were achieved multiple times. The auto-insurer has suffered from rising rates, and estimates a $226M initial loss from Hurricane Beryl, but has rewarded shareholders with a 3.4% dividend hike.
The Allstate Corporation ALL News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sat, 07 Sep 2024 13:01:17 GMT - Rating 8 - Innovation 2 - Information 6 - Rumor -2
