Allstate Corporation in Q1-2025 reports a strong financial performance.
Bison Wealth LLC,
Schonfeld Strategic Advisors LLC, and
Becker Capital Management Inc decreased their stock position, while< i>Voleon Capital Management LP and
Pinebridge Investments L.P. acquired shares.
Nelson Peltz considers
Allstate among his top picks with high upside potential. Despite heavy catastrophe losses, sales enhanced.
Q1 Earnings beat the estimates with a 7.8% rise in revenues to $16.5 billion. Hedge Funds consider
Allstate as one of the best insurance stocks to buy. The company is undervalued, and it reported a First Quarter profit despite catastrophe losses tripling.
Allstate stands strong amidst market challenges, and there were some strategic business moves to enhance shareholder value.
Nationwide will acquire Allstate's Employer Stop Loss Business for $1.25 billion. The company's CFO isexpected to calm Insurance Market Fears with a presentation in March.
The Allstate Corporation ALL News Analytics from Tue, 31 Dec 2024 08:00:00 GMT to Sat, 03 May 2025 10:41:27 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor -3
