Nelson Peltz's activist hedge fund Trian Fund Management has created a stake in insurance company Allstate , according to a report from Reuters.
Allstate has struggled with the fallout from various natural disasters, the most recent of which include the Maui wildfire in Hawaii. The move could increase the pressure on CEO Tom Wilson. The company has posted five quarters of losses. Allstate shares jumped 3.8% Monday during after hours trading. — Hakyung Kim
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures tick up as Wall Street look towards busy earnings week: Live updatesStock futures rose slightly Monday as corporate earnings season begins to pick up.
Source: NBCNewYork - 🏆 270. / 63 Read more »
Stock futures tick up as Wall Street look towards busy earnings week: Live updatesStock futures rose slightly Monday as corporate earnings season begins to pick up.
Source: CNBC - 🏆 12. / 72 Read more »
Top Wall Street analysts believe in the long-term potential of these stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.
Source: NBCLA - 🏆 319. / 59 Read more »
Top Wall Street analysts believe in the long-term potential of these stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Amazon and Meta.
Source: NBCDFW - 🏆 288. / 63 Read more »