Top 5 Life Insurance Companies In The World

4. The Allstate Corporation (NYSE:ALL)

Number of Hedge Fund Holders: 37

The Allstate Corporation (NYSE:ALL) is one of the largest providers of personal property and casualty insurance in the United States and Canada. The company sells a wide range of insurance products, including auto, homeowners, life, and commercial insurance. This October, Keefe Bruyette analyst Meyer Shields raised his price target on The Allstate Corporation (NYSE:ALL) to $158 from $136 and upgraded the stock to Outperform from Market Perform.

The Allstate Corporation (NYSE:ALL) has a strong cash position and has free cash flows of $3.92 billion. As of October 28, the company is worth $34 billion on the open market and is offering a forward dividend yield of 2.69%. The Allstate Corporation (NYSE:ALL) ranks high among the best life insurance companies in the world.

At the close of Q2 2022, 37 hedge funds were long The Allstate Corporation (NYSE:ALL) and held stakes worth $627.3 million in the company. Of those, AQR Capital Management is the most prominent shareholder in the company and has stakes of $215 million.