Allstate is a holding company. Through its subsidiary, Allstate Insurance Company, and other subsidiaries, Co. engages in the property and casualty insurance business. Co.'s segments are: Allstate Protection, which provides private passenger auto, homeowners, other personal lines and commercial insurance products; Protection Services, which includes Allstatesm Protection Plans, Allstate Dealer Services®, and Allstate Roadside; Allstate Health and Benefits, which provides financial protection against the risk of accidents, illness and mortality; Run-off Property Liability, which includes property and casualty insurance coverage that relates to policies written; and Corporate and Other. We show 52 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. |
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Video: The Importance of Market Cap
