These updates from the financial world highlight paradigmatic shifts in the
The Allstate Corporation (ALL) footprint. A surge in stock purchases by multiple financial institutions like
Paradigm Asset Management Co.,
CIBC Asset Management, and
Rhumbline Advisers was observed. Various stock holdings are seeing increases, including
Principal Financial Group Inc and
TimesSquare Capital Management LLC. Allstate also reported
Q4 2024 earnings, having surpassed the estimates. They also announced that they sold their
Group Health business to Nationwide. It is predicted that the
stock will surge from LA Wildfire recovery efforts. Considerable stakes are held in Allstate by
Kentucky Retirement Systems Insurance Trust Fund and
AustralianSuper Pty Ltd.
Allstate faced challenges in California wildfires, causing a $1.1 billion loss but reported strong 2024 financial results. The stock is considered a strong buy by many including Goldman Sachs and
CFRA, boosting the financial outlook. Finally, Allstate announced quarterly dividends payable in January 2025.
The Allstate Corporation ALL News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Sat, 22 Feb 2025 13:20:09 GMT -
Rating 7
- Innovation -2
- Information 8
- Rumor -4
