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Stock Market & Financial Investment News

News Breaks
February 21, 2014
13:19 EDTALLAllstate weakness creates buying opportunity, says Argus
Argus believes that Allstate's results are becoming more consistent, although 2014 estimates for the company are weakening due to the winter storms. But the firm thinks the weakness creates a buying opportunity, and it keeps a $60 price target and Buy rating on the stock.
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October 16, 2014
11:50 EDTALLAllstate September catastrophe losses higher than expected, says Wells Fargo
Wells Fargo attributes today's move lower in Allstate to its report of September catastrophe losses that came in higher than expected. The firm lowered its Q3 EPS estimate to $1.23 from $1.56 based on the losses, but maintains its Outperform rating on the stock, calling it one of the firm's top-picks among non-life insurers.
09:06 EDTALLAllstate reports Q3 catastrophe losses of $517M
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09:04 EDTALLAllstate reports September catastrophe loss estimate $250M
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