Allstate Corp

Earlier this year, the report, "Institutional Investment in ETFs: Versatility Fuels Growth" from Greenwich Associates, commissioned by BlackRock, the world's largest issuer of exchange-traded funds, said institutional investors were expected to continue increasing their use of ETFs....

Citi has initiated a pair trade recommendation of overweighting Allstate Corp (NYSE: ALL) and underweighting Progressive Corp (NYSE: PGR). "We think underlying margins for Progressive will deteriorate over the balance of 2016. This is the polar opposite of Allstate, where we expect...