Allstate Corp (NYSE:ALL), one of the largest U.S. property and casualty insurers, has seen a significant surge in its stock price over the past three months. With a current market cap of $33.67 billion and a price of $128.71, the company's stock has gained 9.42% over the past week and a whopping 24.50% over the past three months. Allstate Corp operates in the insurance industry, offering a range of products primarily through its network of about 10,000 company agencies across North America.
Noted investor Bill Ackman (Trades, Portfolio) has recently increased his stake in Howard Hughes Holdings Inc (NYSE:HHH), a leading real estate company in the USA. This article will delve into the details of the transaction, provide an overview of both the guru and the traded company, and analyze the potential implications of this move. This move increased his total holdings in HHH to 16,669,282 shares, representing 11.45% of his portfolio and 33.27% of the company's traded stock.
In his second-quarter portfolio, the Baupost leader revealed a new position in Amazon, changes to several holdings and an exit from Garrett Motion preferred stock.
Bill Ackman (Trades, Portfolio), the renowned activist investor and co-investment manager for hedge-fund group Gotham Partners LP, has recently increased his stake in The Howard Hughes Corporation (NYSE:HHH). This article will delve into the details of this transaction, provide an overview of Ackman's investment philosophy and portfolio, and analyze the financial performance of The Howard Hughes Corporation. On August 18, 2023, Ackman added 16,363 shares of The Howard Hughes Corporation to his portfolio at a trade price of $75.74 per share.