If what I’m reading is true... and Allstate is really selling Allstate Life Insurance, I am so sorry to all those that will be impacted.
This company seems to stop at nothing.
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Some analysts have the stock at a 139.00 price per share. I look at it as a win for me. I was thankful to be part of the RIF at the end of November, 2020. The severance was fine. Have a lot of the stock, and knowing that these snakes number one goal is to make money at employee costs, tells you they will sell Grandma to accomplish this. However, I think the stock is a good investment right now, and they are projected to make 3.94 earnings per share as opposed to 2.94 per share in Quarter 3, 2020. From an investment standpoint, this is the only good thing about the Allstate Insurance Company which is ran by scum bags.
"Transformative Growth" has not been a good thing for anyone but Allstate company and shareholders, in my opinion.
2020 and 2021 transformative growth = ship your job to India.
I fear with the NatGen purchase, claims India going hot full go soon, and continued "Transformative Growth" the lay offs in 2021 are sadly just getting started.