Dragon Claws A famous Portfolio manager says the market is broken because of passive investing and hardly anyone will give him an argument on that. Why is this statement and its implications so important for the Seeking Alpha community? It would suggest that fundamental analysis of stocks is not working as it should. Eventually, fundamental analysis and the efficient market theory determine price, but in the short term a lot of money can be lost when the market returns is out of sync with fair value. Fair v ...

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) today announced estimated catastrophe losses for the month of January of $276 million or $218 million, after-tax. Estimated January catastrophe losses of $325 million were primarily driven by two events that comprised approximately 80% of the losses, partially offset by favorable reserve reestimates for prior events. “Allstate continues to pursue rate increases as we execute the auto insurance profit improvement plan and keep pace wit ...

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL), one of the nation’s largest publicly held personal lines insurers, announced that Jess Merten, its Chief Financial Officer, will present at the Raymond James Annual Institutional Investors Conference at 7:40 a.m. Central on Monday, March 4. A webcast of the presentation can be accessed at www.allstateinvestors.com. A replay will also be posted there shortly after the presentation ends. Financial information, including material announ ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Allstate (ALL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.Allstate is a member of our Finance group, which includes 857 different companies ...

The Allstate Corporation (ALL) reported a fourth-quarter 2023 adjusted net income of $5.82 per share, which surpassed the Zacks Consensus Estimate by 50.4%. The company reported a loss of $1.33 per share in the year-ago quarter.Operating revenues of $14.9 billion rose 10% year over year in the quarter under review. The year-over-year growth was due to a 10.7% increase in Property-Liability insurance premiums earned. Yet, the top line fell short of the consensus mark by a whisker.The quarterly results benefi ...

| --- | --- | --- | |-------------------------------------------------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | 02.08.2024 The Allstate Corporation Fourth Quarter 2023 Earnings Presentation | | | | | | | | | | | | | | | | | | | | | | | Forward-looking statements and non-GAAP financial information This presentation contains forward-looking statements and information. This presentation also contains non- GAAP measures that are denoted with an asterisk. Y ...

The Allstate Corporation (NYSE:ALL) Q4 2023 Earnings Conference Call February 8, 2024 9:00 AM ET Company Participants Brent Vandermause - Head, Investor Relations Tom Wilson - Chairman, President and CEO Mario Rizzo - President, Property-Liability, Allstate Insurance Company Jesse Merten - Chief Financial Officer Conference Call Participants Jimmy Bhullar - JPMorgan Gregory Peters - Raymond James Yaron Kinar - Jefferies Elyse Greenspan - Wells Fargo Bob Huang - Morgan Stanley Josh Shanker - Bank of America ...

Allstate (ALL 1.87%) shareholders were in good hands this earnings season. The company easily topped expectations in the fourth quarter, helping to send the stock up as much as 6% in Thursday trading.Mild weather leads to better resultsIt has been a relatively mild winter in North America, and that has been a big boost to home and auto insurers like Allstate. The company earned $5.82 per share in the fourth quarter on revenue of $14.83 billion, beating Wall Street's consensus $3.99 per share on $12.94 billi ...

For the quarter ended December 2023, Allstate (ALL) reported revenue of $14.91 billion, up 10% over the same period last year. EPS came in at $5.82, compared to -$1.36 in the year-ago quarter.The reported revenue represents a surprise of -0.94% over the Zacks Consensus Estimate of $15.05 billion. With the consensus EPS estimate being $3.87, the EPS surprise was +50.39%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

Allstate (ALL) came out with quarterly earnings of $5.82 per share, beating the Zacks Consensus Estimate of $3.87 per share. This compares to loss of $1.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50.39%. A quarter ago, it was expected that this insurer would post earnings of $0.39 per share when it actually produced earnings of $0.81, delivering a surprise of 107.69%.Over the last four quarters, the company has surpass ...