Allstate Corporation (The) stock price

Allstate Corporation (The) latest news:

  • 09/19/2017 19:16:28

    Allstate CEO calls for revamping U.S. flood insurance system

    NEW YORK (Reuters) - Allstate Corp's Chief Executive Officer Tom Wilson on Tuesday called on U.S. lawmakers to overhaul a government subsidized flood insurance program, calling for a more streamlined...

  • 08/28/2017 07:56:03

    Insurance stocks clobbered as investors await loss estimates for hurricane Harvey

    Insurance stocks were mostly lower Monday, as investors awaited the initial estimates of losses from hurricane Harvey, which devastated Texas over the weekend. "While it is early days and Harvey is expected to bring even more rain and flooding for another week, our best guess at this point is Harvey could result in $10-$20bn of industry insured losses making it one of the top 10 most costly hurricanes to hit the U.S.," J.P. Morgan analyst Sarah DeWitt wrote in a Monday note. CreditSights analysts said the most vulnerable lines of business include allied lines, commercial and private auto, commercial multiple peril, homeowners and farmowners multiple peril, crop mulitple peril, private crop, fire, flood and inland marine. Among the companies that are most exposed to the region, Allstate Corp. shares fell 1.7%, Progressive Corp. shares were down 2.5%, Chubb Ltd. fell 1.6%, CNA Financial Corp. was down 0.5% and Hartford Financial Services Group Inc. was down 2%. RenaissanceRe Holdings Ltd. fell 1.8% and Everest Re Group Ltd. fell 2.5%. Dow Jones Industrial Average component Travelers Cos. Inc. fell 3%, to shave about 20 points off the price-weighted index. The S&P 500 was flat. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 08/02/2017 10:00:31

    Allstate (ALL) Beats Earnings on Higher Revenues in Q2

    Allstate Corporation s ALL second quarter 2017 operating earnings per share of 1 38 beat the Zacks Consensus Estimate of 90 cents Earnings also soared 122 6 year over year on higher revenues Allstate generated total revenue of 9 6 billion in the second quarter The top line

  • 08/01/2017 14:32:54

    Allstate shares rise on earnings beat, share buyback program

    Allstate Corp. shares rose in the extended session Tuesday after the insurance company reported quarterly results that topped Wall Street estimates and a share buyback program. Allstate shares rose 3.5% to $94.21 after hours. The company reported second-quarter net income of $550 million, or $1.49 a share, compared to $242 million, or 64 cents a share, in the year-ago period. Operating earnings were $1.38 a share. Revenue rose to $9.59 billion from $9.16 billion in the year-ago period. Analysts surveyed by FactSet had estimated 88 cents a share on revenue of $8.31 billion. Allstate also announced its board had approved a $2 billion share buyback program, which is expected to conclude by February 2019.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.

  • 07/18/2017 09:47:28

    From catalogs to catastrophe: A Sears timeline

    As Sears Holdings Corp. , the parent of Sears and Kmart, follows CEO Eddie Lampert down the fiery road to what will likely be its ultimate demise, remember that the brick-and-mortar once had better days. Now the victim of disruption caused by the rise of Amazon , it's easy to forget that Sears was once the one doing the disrupting. Founded as the R.W. Sears Watch Company in 1896, Sears came to be the saving grace of rural farmers, offering mail-order wholesale at a steep discount when compare to monopolistic general stores. Sears grew to be the dominant force in catalog shopping before opening its first store in Chicago in 1925. Brick and mortar locations subsequently spread throughout the U.S. and eventually internationally. Beyond retail, Sears once encompassed brands including Allstate , Discover , and many more. It wasn't until the end of the millennium that things took a turn as Sears was forced to shut down it's unprofitable catalog business in 1993 and was eventually bought by Kmart under Lampert in 2004. Now, the struggling retailer is struggling to stay alive, as it rapidly closes stores and considers selling its numerous iconic retail brands amid what could be a futile attempt at refinancing. How long will it be until Sears is just another missed question on a history test? More on Sears: Sears Is Still Headed for a Fiery Ugly Death, Despite $200 Million Gift From Its Best Friend Sears Continues on Path to Close All Its Stores -- Here Are 50 Reasons the Company Is Dying We Went to Sears for the First Time in More Than 10 Years and Instantly Saw Why It's Dying We Sent a Millennial to a Decaying Kmart Store and Couldn't Believe the Horrors She Discovered 18 Big Retailers Besides Sears Canada That Have Filed Bankruptcy This Year and Are Near Death Video provided by TheStreet        

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