The Allstate

ALL

The Allstate Corporation is an American-based insurance company, headquartered in Northfield Township, Illinois, near Northbrook since 1967. Founded in 1931 as part of Sears, Roebuck and Co., it was spun off in 1993. The company also has personal lines insurance operations in Canada. Allstate is a large corporation, and with 2018 revenues of $39.8 billion it ranked 79th in the 2019 Fortune 500 list of the largest United States corporations by total revenue. Its current advertising campaign, in use since 2004, asks, "Are you in good hands?", leveraging its well-established prior ads showing a suburban-styled dwelling, cradled protectively in a pair of presumably giant human hands.

The Allstate has been a target of short sellers for a while. The current short interest of 2.50% is roughly at the average of the last 12 months (2.34%).