Lazard Asset Management Adds $50M in The Allstate Corporation ($ALL)
Key Points
- Lazard Asset Management changed its The Allstate Corporation ($ALL) stake by 31% last quarter, boosting to 879,507 shares worth $212.11 million.
- Wall Street's consensus rating on $ALL is Hold and an average price target of $274.09.
- $ALL last traded around $241.17.
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Lazard Asset Management increased its position in The Allstate Corporation ($ALL) by 31% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 879,507 shares of The Allstate Corporation after buying 208,128 shares during the quarter. Lazard Asset Management's holdings in The Allstate Corporation were worth $212.11 million as of its most recent filing.
The Allstate Corporation Stock Down 7.1%
Shares of The Allstate Corporation ($ALL) traded around $241.17 on Saturday, down 7.1% for the day.
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About The Allstate Corporation
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in four segments: Allstate Protection; Run-off Property-Liability; Protection Services; and Corporate and Other. The company offers private passenger auto, homeowners, other personal lines and commercial insurance through exclusive agents, independent agents, contact centers and online under the Allstate, National General, Direct Auto and Answer Financial brands. It also provides consumer product protection plans, device and mobile data collection services, and analytic solutions using automotive telematics information, roadside assistance, and protection plans; and insurance products, such as identity protection and restoration. In addition, the company offers property and casualty insurance, as well as engages in company activities and certain non-insurance operations, including expenses associated with strategic initiatives. Further, it offers automotive protection; vehicle service contracts, guaranteed asset protection, road hazard tires and wheels, and paintless dent repair protection; and roadside assistance, mobility data collection services, and analytic solutions using automotive telematics information, identity theft protection, and remediation services. The Allstate Corporation was founded in 1931 and is headquartered in Northbrook, Illinois.
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