Buying back a large amount of agent owned stock makes me incredibly nervous. Could possibly be priming everyone for a buy out or complete take over. Who knows, we sure as heck are getting the mushroom treatment!!
Based on various technical indicators, price movement, future outlook, etc. a stock split is now predicted for Allstate by several research services. This would not only drive up price in the short run, but would correct excessive ALL concentration of institutional ownership. Split announcement is predicted for 3rd week in February. Cheers, Leslie
Allstate has no immediate plans for a stock split since most of its sharholders are institutions. The lure of a lower price to attract individual investors is not on their agenda unless of course individual investors such as you and I begin buying!