Allstate is a holding company. Through its subsidiaries, Co. is engaged in the property and casualty insurance business. Co.'s segments include: Allstate Protection, which provides private passenger auto, homeowners, other personal lines and commercial insurance through agents, contact centers and online; Protection Services, which includes Allstate Protection Plans that provides consumer protection plans and related technical support; Allstate Life, which consists of interest-sensitive and variable life insurance products; and Allstate Benefits, which provides voluntary benefits products, including life, accident, critical illness, short-term disability and other health insurance products. We show 47 historical shares outstanding datapoints in our ALL shares outstanding history coverage, used to compute ALL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ALL market cap history over the course of time is important for investors
interested in comparing ALL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ALL versus a peer is one thing; comparing
ALL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ALL can fluctuate over the course of history.
With this page we aim to empower investors researching ALL by allowing them to research the ALL market cap history. |
Video: The Importance of Market Cap
