Allstate Announces May 2024 Catastrophe Losses
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Allstate (ALL) PT Lowered to $178 at Evercore ISI
June 21, 2024 4:58 AM EDTEvercore ISI analyst David Motemaden lowered the price target on Allstate (NYSE: ALL) to $178.00 (from $180.00) while maintaining a In Line rating.
The analyst comments "ALL announced May natcat losses of $1.4b, tracking worse than our prior 2Q24 est but roughly in line with expectations following PGRs ~$800m May Natcats. 70% of the losses came from 5 wind & SCS events in TX, CO and IL (compares to... More
