The Allstate Corporation (ALL) makes several significant announcements over the past weeks. The company conducted and disclosed outcomes of their annual
stockholders meeting, announced quarterly
dividends, and started hurricane season response, strongly encouraging property owners to prepare accordingly. Allstate also received a "
Sector Outperform" rating initiation. Investment entities, including Verum Partners LLC, Merit Financial Group LLC, Fulton Bank N.A., and GAMMA Investing LLC, reported sizable investments in Allstate's stock. Conversely, Legacy Private Trust Co. and Parallel Advisors LLC reduced their Allstate holdings. It's suggested that Allstate ranks as one of hedge funds' top insurance stocks, and CEO's significant paycheck this year appears unlikely. Allstate discloses key
growth strategy from their CFO and announces that Andréa Carter will become their new Chief Human Resources Officer. Interested investors are also informed of the
8.7% dividend hike plus the $1.5 billion buyback plan by Allstate, and the Q1 2025 earnings revealed strong
revenue growth despite hefty catastrophe losses. However, Q1 income drops by 52% due to record $3.3 billion gross catastrophe losses.
The Allstate Corporation ALL News Analytics from Wed, 30 Oct 2024 07:00:00 GMT to Sat, 07 Jun 2025 18:09:20 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor 1
