Allstate Stock Rises 5% After Reporting August Catastrophe Losses Of $213 Mln
The Allstate Corporation (ALL) gained 4.85 percent to 9.57, after the company reported estimated catastrophe losses of 168 million after-tax. Losses stemmed from 10 events, with about 70 percent tied to three major wind and hail events. The stock opened at 198.18 and 197.25 on the New York Stock Exchange. Trading volume reached 846,122 shares, below the average of 1.54 million. Allsta ...