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Stock Market & Financial Investment News

News Breaks
February 6, 2013
16:23 EDTALLAllstate says Sandy loss estimate updated to $1.117B from $1.075B
Allstate said its Q4 property-liability underlying combined ratio was 86.7, versus 90.7 in Q4 of 2011, driven by improvements in auto and homeowners. The Q4 recorded combined ratio was 101.7 and included 10 catastrophe events estimated to cost $1.16B, offset by favorable reserve reestimates of prior catastrophe losses worth $103M, $80M of which were for pre-2012 catastrophe events. The loss estimate for Sandy was updated from an initial estimate of $1.075B to $1.117B. Of the increase, approximately $22M was due to higher losses not covered by our reinsurance programs, with the balance resulting from claim expenses not recoverable under the National Flood Insurance Program, additional reinsurance premiums and Fair Plan assessments.
News For ALL From The Last 14 Days
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February 12, 2016
14:31 EDTALLAllstate boosts quarterly dividend by 10% to 33c
Allstate announced its board has approved a quarterly dividend of 33c on each outstanding share of the corporation's common stock, payable in cash on April 1, to stockholders of record at the close of business on February 29. This represents a 10% increase from the dividend declared in the previous quarter. "The increase in the quarterly common stock dividend reflects our earnings capacity and capital strength," said Steve Shebik, CFO.
February 5, 2016
10:02 EDTALLOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Abbott (ABT) upgraded on valuation at Argus... Allstate (ALL) upgraded to Buy from Neutral at Citi... CACI (CACI) upgraded to Buy from Neutral at Citi... Coca-Cola Enterprises (CCE) upgraded to Neutral from Negative at Susquehanna... Coca-Cola (KO) upgraded to Neutral from Negative at Susquehanna... Comcast (CMCSA) upgraded following Q4 results at Argus... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Fluidigm (FLDM) upgraded to Buy from Neutral at Mizuho... Glu Mobile (GLUU) upgraded to Buy from Hold at Benchmark... Goldman Sachs (GS) upgraded to Buy at UBS... JPMorgan (JPM) upgraded to Buy from Neutral at UBS... KeyCorp (KEY) upgraded to Buy from Neutral at UBS... Kona Grill (KONA) upgraded to Outperform from Market Perform at Telsey Advisory... LPL Financial (LPLA) upgraded to Neutral at Susquehanna... Level 3 (LVLT) upgraded to Overweight from Equal Weight at Stephens... Resolute Forest (RFP) upgraded to Outperform from Sector Perform at RBC Capital... Suburban Propane (SPH) upgraded to Buy from Neutral at Citi... Sysco (SYY) upgraded at Argus... U.S. Concrete (USCR) upgraded to Buy from Neutral at Citi... Ubiquiti (UBNT) upgraded to Buy from Hold at Wunderlich... United Natural Foods (UNFI) upgraded to Sector Perform from Underperform at RBC Capital... Weatherford (WFT) upgraded to Strong Buy from Market Perform at Raymond James... Whole Foods (WFM) upgraded to Neutral from Underperform at Longbow... Wi-LAN (WILN) upgraded to Speculative Buy from Hold at Canaccord.
06:20 EDTALLAllstate upgraded to Buy from Neutral at Citi
Citi analyst James Naklicki upgraded Allstate to Buy saying he's finally seeing loss trends in the company's auto business begin to moderate. He expects Allstate Brand Auto margins to return to normal by 2017 and raised his price target for the shares to $72 from $64.
February 4, 2016
08:35 EDTALLAllstate shares likely to advance today, says Wells Fargo
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February 3, 2016
16:34 EDTALLAllstate reports book value per share $47.34
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16:29 EDTALLAllstate reports Q4 operating EPS $1.60, consensus $1.35
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14:48 EDTALLNotable companies reporting after market close
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05:36 EDTALLAIG downgraded to Market Perform from Outperform at William Blair
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February 2, 2016
07:24 EDTALLAllstate volatility elevated into Q4 and outlook
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