Allstate is a holding company. Through its subsidiary, Co. is engaged, principally in the U.S., in the property and casualty insurance business. Co.'s primary business is the sale of private passenger auto and homeowners insurance. Co. also provides several other personal property and casualty insurance products, select commercial property and casualty coverages, consumer product protection plans, device and mobile data collection services and analytic solutions using automotive telematics information, roadside assistance, finance and insurance products, employer voluntary benefits and group accident and health insurance and identity protection. We show 57 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 Allstate market cap history over the course of time is important for investors
interested in comparing Allstate'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 Allstate versus a peer is one thing; comparing
Allstate 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 Allstate can fluctuate over the course of history.
With this page we aim to empower investors researching Allstate by allowing them to research the Allstate market cap history. |
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Video: The Importance of Market Cap
