Prudential Financial Reduces $27M in The Allstate Corporation ($ALL)
Key Points
- Prudential Financial changed its The Allstate Corporation ($ALL) stake by 16.2% last quarter, cutting to 645,062 shares worth $141.35 million.
- Wall Street's consensus rating on $ALL is Buy and an average price target of $240.55.
- $ALL last traded around $219.12.
Prudential Financial reduced its position in The Allstate Corporation ($ALL) by 16.2% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 645,062 shares of The Allstate Corporation after selling 124,629 shares during the quarter. Prudential Financial's holdings in The Allstate Corporation were worth $141.35 million as of its most recent filing.
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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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