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Allstate reported strong earnings, exceeding expectations, despite investment firms reducing their shares.
In Q4, several investment firms sold shares of Allstate, reducing their holdings.
Despite this, Allstate reported strong earnings of $7.67 per share, exceeding analysts' expectations by $2.27.
The company, with a market cap of $51.04 billion, offers insurance products in the US and Canada through five segments.
Allstate has a "Moderate Buy" consensus rating and an average price target of $219.27.
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Allstate reportó ganancias fuertes, superando las expectativas, a pesar de que las empresas de inversión redujeron sus acciones.