Allstate Faces Catastrophe Losses but Sees Earnings Beat
The Allstate Corporation (NYSE:ALL) reported catastrophe losses of $870M in April due to wind and hail events, while also beating Q1 earnings estimates with adjusted EPS of $10.65 against a consensus estimate of $7.24. Piper Sandler raised its price target for ALL from $252 to $268.
Tickers: $ALL