Allstate shares are trading higher after the company agreed to sell its Employer Voluntary Benefits business to StanCorp Financial Group for $2.0 billion.
Portfolio Pulse from Benzinga Newsdesk
Allstate shares are trading higher after the company agreed to sell its Employer Voluntary Benefits business to StanCorp Financial Group for $2.0 billion.
August 14, 2024 | 2:35 pm
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Allstate shares are trading higher following the announcement of the sale of its Employer Voluntary Benefits business to StanCorp Financial Group for $2.0 billion.
The sale of a business unit for $2.0 billion is a significant transaction that positively impacts Allstate's stock price. Investors likely view this as a strategic move to streamline operations and improve financial health.
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