Latest news with #TheAllstateCorporation
Business Wire
21-05-2025
- Business
- Business Wire
Allstate to Present at William Blair Growth Stock Conference on June 5
NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) announced that Jess Merten, Chief Financial Officer, will present at the William Blair Growth Stock Conference at 8:40 a.m. Central Time on Thursday, June 5. A webcast of the presentation can be accessed at A replay will also be posted there shortly after the presentation ends. Financial information, including material announcements about The Allstate Corporation, is routinely posted on
Yahoo
27-04-2025
- Business
- Yahoo
The Allstate Corporation (ALL): Among Billionaire Nelson Peltz's Stock Picks with Highest Upside Potential
We recently published a list of . In this article, we are going to take a look at where The Allstate Corporation (NYSE:ALL) stands against other billionaire Nelson Peltz's stock picks with highest upside potential. Nelson Peltz is one of the renowned figures in the financial world mainly due to his role as a billionaire who has served as a board member of some large corporations and also due to being the co-founder of Trian Fund Management. As per Forbes, his current net worth is $1.6 billion whereas Trian Fund Management has around $8.5 billion as assets under management. Nelson Peltz was born in 1942 and entered the business world through his family's wholesale food distribution company A. Peltz & Sons. He started his journey as a delivery truck driver and later transformed the company with his brother Peter May. Peltz shifted the gears of his family business by transitioning its focus to international frozen foods and launched a new brand called Flagstaff Corp, which later went public and was sold for $150 million in 1972. Later, Peltz turned his modest income to build a multi-million fortune by a series of bold moves, starting with leveraged buyouts financed with junk bonds. For reference, junk bonds are bonds with a higher risk of default as compared to other bonds issued by corporations and governments. However, because of this higher risk investors are compensated with lucrative interest rates, therefore junk bonds are also high-yield bonds. Notably, Peltz acquired Triangle Industries in 1983 and later sold it for $4 billion 5 years later. He also acquired Snapple, turned its business to profitability, and sold it 3 years later at a significant upside. These numerous acquisitions of underperforming and undervalued businesses, being sold at profitability, demonstrate his ability to fix businesses. Nelson Peltz has a famous quote that says: 'I spent most of my career operating businesses and fixing businesses, not staring at a Bloomberg screen.' The form of investment that billionaire Peltz follows is known as Activist Investment, which essentially means an investor or a group of investors buys a stake in a public company to influence the operations of the company. Mostly, activist investors do this by taking a seat on the board of directors. Peltz defines an activist investor in a quote that says: 'The activists play the balance sheet by selling a division to buy back stock and leveraging the balance sheet and buying back more stock.' Currently, Peltz is the co-founder of Trian Fund and also serves on the boards of some major public corporations. As of March 2024, Trian Fund Management oversees discretionary assets totaling $6,202,444,791 for 25 clients. To compile the list of billionaire Nelson Peltz's 8 stock picks with the highest upside potential, we sifted through 13F filings of Trian Partners, from Insider Monkey. From these filings, we checked each stock's upside potential from CNN and ranked the stocks in ascending order of the upside potential. We have also added the Trian Partners stake in each company and the hedge fund sentiment around each stock. Please note that the data was recorded on April 21, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A financial advisor giving advice to a couple, illustrating the personal finance and insurance products the company Allstate Corporation (NYSE:ALL) is an insurance provider that covers a range of needs for both individuals and businesses. Its portfolio ranges from auto insurance to life and health insurance. The company operates through a wide network of Allstate agents, independent agents, benefits brokers, and online channels. On April 22, Joshua Shanker, an analyst from Bank of America Securities, reiterated the Buy rating on the stock while keeping the price target the same at $279. The company faced higher than anticipated catastrophe losses during the fiscal fourth quarter of 2024, which increased $294 million year-over-year to reach $315 million. This was mainly due to Hurricane Milton and re-estimates for Hurricane Helene. Nevertheless, the analyst noted that The Allstate Corporation (NYSE:ALL) was able to manage these losses effectively and has shown resilience by adjusting its premium written projections upwards. The company increased its premiums by 15.3% year-over-year reflecting higher average premiums and policies in force growth of 2.4%. Looking ahead, The Allstate Corporation (NYSE:ALL) expects to close the sale of its employer voluntary benefits business to Stancorp Financial for $2 billion and health business to Nationwide for $1.25 billion. Both deals are expected to close in 2025. Analysts expect more than 16% upside for the stock and billionaire Nelson Peltz has a stake worth more than $59 million. It is one of the billionaire Nelson Peltz's stock picks with the highest upside potential. Overall, ALL ranks 6th on our list of billionaire Nelson Peltz's stock picks with highest upside potential. While we acknowledge the potential of ALL to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ALL but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
The Allstate Corporation (NYSE:ALL): One of the Best Insurance Stocks to Buy According to Hedge Funds
We recently published a list of the 10 Best Insurance Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where The Allstate Corporation (NYSE:ALL) stands against the other insurance stocks held by hedge funds. The insurance stocks have done better in 2025 despite the losses from wildfires earlier this year. The industry-leading ETFs, SPDR S&P Insurance ETF and iShares US Insurance ETF, have surged nearly 6% and 8.60% year-to-date, respectively. At the same time, the S&P 500 index, which tracks large-cap stocks, has plunged over 8%. Read More: 10 Most Undervalued Insurance Stocks to Buy Now Investors are holding back as the market feels uneasy due to the tariff policies. The Trump Administration has addressed to the market that it plans to reposition the U.S. economy as a leader. The government has imposed heavy tariffs to drive companies to invest in the domestic market. The U.S. Treasury Secretary Scott Bessent acknowledged that these policies may create short-term disruption, even if they turn out to be effective eventually. Apart from the market-changing conditions in the U.S., there are geopolitical conflicts in Europe and the Middle East. Once again, the economic data is warning of a potential recession, and U.S. consumers are financially quitting. The changing economic landspace in the U.S. could have significant implications for insurers, leading to potential supply chain changes and shifts in overall profitability. According to the Underwriting Director at Lloyd's Market Association, Elizabeth Wooliston, the effects of tariffs on insurers will differ as increased uncertainty and market volatility could raise business risks. 'There is no doubt we are living in unpredictable times, and even looking at a 12-month insurance contract could feel as if we are trying to predict a long way ahead,' Wooliston added. She further said, 'In the U.S., as the end price of goods is likely to rise, the most obvious and immediate concern for insurers will be managing their 'value at risk', with brokers paying close attention to avoid underinsureance for their customers.' Apart from underwriting for profitability, insurers also rely on investing their capital in various financial instruments. If market uncertainty increases in the long term, it can hurt the overall profitability of insurers. However, analysts at Keefe, Bruyette & Woods believe that insurers should be able to overcome the tariff challenges. Industry players will potentially have enough time to request rate increases, which state regulators are likely to approve. The analysts expect the tariffs to mainly impact personal insurance, along with auto damage, commercial property, surety, and marine lines. These segments will potentially be hit harder by tariffs due to increased claim costs. Despite the current market circumstances and losses from wildfire, the insurance industry in the U.S. remains steady. The U.S. has some of the largest insurance companies that drive the overall market. A suburban home with people walking in front, representing the protection provided by the Property & Casualty Insurance. Our Methodology We used a Finviz screener to shortlist insurance companies with a market capitalization of more than $1 billion. We then looked for the insurance stocks widely held by hedge funds. Data for the number of hedge fund investors for each stock was taken from Insider Monkey's database, updated as of Q4 2024. Finally, the 10 best insurance stocks to buy were ranked in ascending order based on the number of hedge funds holding stakes in them. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). No. of Hedge Fund Holders: 71 The Allstate Corporation (NYSE:ALL) provides a wide range of insurance services and products, including property and casualty, health, and protection products. Its offerings include auto, home, life, and supplemental insurance. The company also provides analytics solutions, roadside assistance, and consumer protection plans. The Allstate Corporation (NYSE:ALL) has closed the divestiture of its Employer Voluntary Benefits business. Sold to StanCorp Financial Group, Allstate received nearly $2 billion from the sale of its business unit. This sale has ended in a pre-tax book gain of almost $625 million, while the funds will improve the company's approach to capital management. It will also support Allstate's $1.5 billion share repurchase program, which will run through September 2026. Wall Street analysts expect ALL to post earnings per share of $3.68 for Q1 2025. The revenue estimates are around $16.50 billion, with rate hikes supporting the revenue. Paul Newsome from Piper Sandler recently reiterated an Overweight rating on ALL, maintaining a price target of $248. Newsome expects the company to achieve positive auto policy-in-force (PIF) growth in 2025. Diamond Hill Large Cap Concentrated Strategy stated the following regarding The Allstate Corporation (NYSE:ALL) in its Q2 2024 investor letter: 'Among our bottom Q2 contributors were Abbott Laboratories, ConocoPhillips, and The Allstate Corporation (NYSE:ALL). Allstate, one of the US's largest auto and homeowners' insurance providers has seen the pace of premium price increases decelerate, weighing on investor sentiment around the stock. However, the company's underlying fundamentals are intact, margin expansion should continue through the year, and the outlook remains constructive.' Overall, ALL ranks 4th among the 10 best insurance stocks to buy now. While we acknowledge the potential of insurance companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ALL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks To Invest In According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
Is The Allstate Corporation (ALL) Among the Best Financial Stocks Billionaires Are Investing In?
We recently published a list of 10 Best Financial Stocks to Buy According to Billionaires. In this article, we are going to take a look at where The Allstate Corporation (NYSE:ALL) stands against other best financial stocks to invest in. Financial stocks had a great run in 2024, jumping over 30% by mid-December and outpacing the broader market. Fidelity noted that concerns about bank failures faded as the economy stayed strong, and improving fundamentals kept the sector on track. With the Fed cutting rates for the first time since the pandemic, lower borrowing costs could boost economic activity, even if they squeeze bank profit margins a bit. There are still risks, like commercial real estate exposure and loan defaults, but the post-election landscape looks favorable, with lighter regulations and more deal-making. Heading into 2025, financial stocks have solid momentum and plenty of tailwinds. This shift is creating fresh opportunities across the financial sector, from capital markets to private credit. According to Morgan Stanley, capital markets are making a big comeback in 2025, strengthened by lower interest rates, easing inflation, and steady economic growth. After a period of uncertainty, companies and investors are finally feeling confident enough to jump back into mergers, acquisitions, and major spending. With more cash flowing into the market, demand for private credit and infrastructure investments, especially in AI, is on the rise. Private credit is also having a moment, offering companies more flexible financing options. It is growing fast, with assets under management expected to double in the next few years. Many businesses are using private markets to refinance debt and fuel expansion. 2025 is shaping up to be a huge year for strategic deals, leveraged buyouts, and capital raising. Mergers and acquisitions in financial services are set to stay strong in 2025. After a year of big-money deals in 2024, companies are still looking for ways to grow, stay competitive, and adapt to market shifts. While economic uncertainty and geopolitical tensions remain, financial firms are using M&A to keep up with new technologies, changing customer expectations, and regulatory changes. Many banks and financial institutions are eyeing fintech acquisitions to stay ahead in the digital space while selling off underperforming parts of their business to free up capital for high-growth opportunities. Larger deals are becoming more common, especially as potential financial deregulation in the US could shake up global markets. Some of the wealthiest billionaires have built some of the world's largest financial firms or continue to hold major ownership positions in them. These companies specialize in asset management, financial data services, and cryptocurrency trading. Take Warren Buffett, for instance. Investors around the world look to his portfolio for guidance. His investment strategy heavily favors financial stocks, with significant holdings in banks, payment technology firms, and insurance companies. By the end of 2024, he had committed over $100 billion to the financial sector, representing a substantial share of his estimated $267 billion portfolio. Like Buffett, there are lots of billionaire portfolios to watch out for. So, let's dive into the best financial stocks that Wall Street moguls are backing. A financial advisor giving advice to a couple, illustrating the personal finance and insurance products the company offers. To collect data for this article, we scanned Insider Monkey's database of billionaires' stock holdings and picked the top 10 companies operating in the financial services industry with the highest number of billionaire investors in Q4 of 2024. The stocks are ranked in ascending order based on the number of billionaire investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Billionaire Investors: 19 The Allstate Corporation (NYSE:ALL) is an Illinois-based provider of auto, home, and commercial insurance across the United States and Canada, selling through agents, call centers, and online. It also offers roadside assistance, identity protection, and insurance for health, life, and disability. It is one of the best financial stocks to buy, given it holds the interest of 19 billionaire investors and 71 hedge funds in total as of Q4 2024. On January 30, The Allstate Corporation (NYSE:ALL) disclosed that it is selling its Group Health business to Nationwide for $1.25 billion in cash, pending regulatory approval. In the first nine months of 2024, the business brought in $608 million in revenue and $69 million in profit. The sale is part of Allstate's plan to focus on its core strengths, following a separate $2 billion deal to sell its Employer Voluntary Benefits division. The company is still deciding whether to keep or sell its Individual Health business. The sale will boost capital by $0.9 billion and result in a $450 million gain. The deal is expected to close in 2025. The Allstate Corporation (NYSE:ALL) raised its quarterly dividend by 8.7% to $1.00 per share on February 26. The dividend is payable on April 1, 2025, to shareholders on record as of March 10. The company also approved a $1.5 billion share buyback program running through September 2026. On February 5, The Allstate Corporation (NYSE:ALL) announced that its Q4 revenue rose 11% to $16.5 billion, and its net income grew 30% to $1.9 billion. Strong performance in auto, homeowners insurance, and protection services drove an adjusted net income of $4.9 billion for the year. Investment income rose 25% to $3.1 billion in 2024, while homeowners insurance earned $1.3 billion despite $3.7 billion in catastrophe losses. Allstate minimized wildfire losses through reinsurance and reduced market exposure. The company expanded Property-Liability, grew Protection Plans revenue to nearly $2 billion for the year, and increased policies by 60% since 2019. It sold two Health and Benefits businesses for $3.25 billion and expects auto insurance growth in 2025. Overall, ALL ranks 7th on our list of the best financial stocks to buy according to billionaires. While we acknowledge the potential of ALL to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ALL but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Associated Press
20-03-2025
- Automotive
- Associated Press
February 2025 Monthly Release
NORTHBROOK, Ill.--(BUSINESS WIRE)--Mar 20, 2025-- The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of February of $92 million or $73 million, after-tax. Total catastrophe losses for February year-to-date were $1.17 billion or $922 million, after-tax. Allstate Protection policies in force are as follows: Allstate Protection Policies in Force (1) (in thousands) February 28, 2025 January 31, 2025 February 29, 2024 Jan. 31, 2025 Feb. 28, 2025 v Feb. 29, 2024 Auto 24,894 24,835 25,115 0.2 % (0.9 )% Homeowners 7,537 7,521 7,354 0.2 % 2.5 % Other personal lines 4,873 4,866 4,853 0.1 % 0.4 % Commercial lines 196 204 276 (3.9 )% (29.0 )% Total 37,500 37,426 37,598 0.2 % (0.3 )% (1) Policy counts are based on items rather than customers. A multi-car customer would generate multiple item (policy) counts, even if all cars were insured under one policy. Lender-placed policies are excluded from policy counts because relationships are with the lenders. Financial information, including material announcements about The Allstate Corporation, is routinely posted on Forward-Looking Statements This news release contains 'forward-looking statements' that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements do not relate strictly to historical or current facts and may be identified by their use of words like 'plans,' 'seeks,' 'expects,' 'will,' 'should,' 'anticipates,' 'estimates,' 'intends,' 'believes,' 'likely,' 'targets' and other words with similar meanings. We believe these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements may be found in our filings with the U.S. Securities and Exchange Commission, including the 'Risk Factors' section in our most recent annual report on Form 10-K. Forward-looking statements are as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statement. Media Relations (847) 402-5600Allister Gobin (847) 402-2800 SOURCE: The Allstate Corporation Copyright Business Wire 2025. PUB: 03/20/2025 08:51 AM/DISC: 03/20/2025 08:51 AM
