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Why Allstate Stock Is Up Today
ALLAallstate(ALL) The Motley Fool·2024-02-08 17:21

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 5.82pershareinthefourthquarteronrevenueof5.82 per share in the fourth quarter on revenue of 14.83 billion, beating Wall Street's consensus 3.99pershareon3.99 per share on 12.94 billi ...