Allstate plans to sell small unit

ALLSTATE CORP. $132 is a hold. The company (New York symbol ALL; Finance sector; Shares outstanding: 261.7 million; Market cap: $34.5 billion; Dividend yield: 2.7%; Takeover Target Rating: Medium; www.allstate.com) is a leading provider of property and casualty, and other insurance products in the U.S. and Canada.
Activist investor Nelson… Read More

Two Canadian insurers spurred by Asia

Insurers write policies, collect premiums from customers, and then invest those premiums to meet future claims. That need to cover claims means they invest significant amounts of their funds in fixed-income instruments, namely bonds. That also means high interest rates are a boon to their… Read More

Two Canadian insurers with gains ahead

Insurers write policies, collect premiums from customers, and then invest those premiums to meet future claims. They’re required to invest significant amounts of that money in fixed-income instruments, namely bonds. That means high interest rates are a boon to their returns. Both these insurance stocks… Read More