Ameriprise Financial Inc. Grows Stake in The Allstate Corporation $ALL

Ameriprise Financial Inc. significantly increased its holdings in The Allstate Corporation by 20% in the third quarter, now owning 1,662,652 shares valued at $356,956,000. Other institutional investors also adjusted their stakes, with hedge funds and institutions collectively holding 76.47% of Allstate’s stock. Analysts generally maintain a “Moderate Buy” rating for Allstate, with a consensus price target of $238.88, following a strong earnings beat in Q4 and a dividend increase.

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