Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Allstate ( (ALL) ) has shared an update.
On January 30, 2025, Allstate Corporation announced a definitive Equity Purchase Agreement with Nationwide Life Insurance Company to sell its group health business, including Direct General Life Insurance Company, NSM Sales Corporation, and The Association Benefits Solution, LLC, for $1.25 billion in cash. This transaction is subject to regulatory approvals and standard closing conditions, potentially impacting Allstate’s operational focus and market positioning by divesting its group health segment.
More about Allstate
Allstate Corporation operates in the insurance industry, primarily offering property, casualty, and life insurance products. The company focuses on providing a wide range of insurance services to individuals and businesses, positioning itself as a key player in the insurance market.
YTD Price Performance: -0.59%
Average Trading Volume: 1,635,103
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $50.57B
See more insights into ALL stock on TipRanks’ Stock Analysis page.
