Allstate (ALL) Stock

Is Allstate (ALL) a strong choice for momentum investors? Let's take a closer look.

Allstate (ALL) shares have begun to rise and could keep increasing soon, based on positive changes in earnings forecasts.

Investors should closely monitor Allstate (ALL) stock due to recent changes in the options market.

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) has announced that Tom Wilson, the Chair, President, and CEO, will speak at the Goldman Sachs U.S. Financial Services Conference at 7:40 a.m. Central Time on Tuesday, December 10. You can watch the presentation live on www.allstateinvestors.com, where a replay will also be available shortly after it concludes. This will include important financial updates about The Allstate Corporation.

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) has revealed that its board of directors has approved a quarterly dividend of $0.92 per share for its common stock. This dividend will be paid in cash on January 2, 2025, to shareholders who are on record as of the end of business on November 29, 2024. For financial updates and important news about The Allstate Corporation, visit www.allstateinvestors.com.

The Allstate Corporation (NYSE:ALL) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 9:00 AM ET. Participants from the company include Alastair Gobin, Tom Wilson, Jess Merten, and Mario Rizzo. Analysts from various firms, such as JPMorgan and Morgan Stanley, will also be joining the call.

Allstate (ALL) reported quarterly earnings of $3.91 per share, which is higher than the Zacks Consensus Estimate of $2.20 per share. This is an increase compared to earnings of $0.81 per share from the same time last year.

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) has announced its financial results for the third quarter of 2024. For the three months ending September 30, the company reported consolidated revenues of $16,627 million, a 14.7% increase from the previous year. Additionally, net income for common shareholders was $1,161 million, compared to a loss in the same period last year.

ALL's earnings for the third quarter are expected to have increased due to rising premiums, although this may be somewhat balanced out by higher costs.