Allstate has garnered attention with
strong stock performance and
value attributes. The company has announced its Q4 2024 Earnings Call to be held on Feb 6 while an underweight recommendation from Barclays surfaced regarding ALL's preferred security. Despite wildfires causing damages around $150 Billion, Allstate pledged $750K and launched digital claims support for victims. Analysts generally rate ALL as a moderate buy, and the stock has hit fresh highs. Keefe, Bruyette & Woods presented a positive forecast amidst its fluctuating valuation.
High consensus ROE, a quarterly dividend announcement, and a position establishment by TimesSquare Capital Management were positive recent events. However,
CEO Thomas Wilson sold $6.07 million in stock, and the company contended with catastrophe losses. The stock soared to all-time highs of $191.42 and $201.08 amid robust growth. With 79% institutional ownership, the stock is a favorite among big guns. Meanwhile, ALL navigates challenges, sells its Employer Voluntary Benefits business, and reports estimated catastrophe losses and rate changes for Q3 2024. As the next earnings announcement looms, Wall Street analysts express optimism, despite recent market volatility.
The Allstate Corporation ALL News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 11 Jan 2025 10:13:54 GMT -
Rating 6
- Innovation -3
- Information 7
- Rumor -5
