Carl Icahn holds about $400 million stake in Allstate – WSJ

Icahn has not yet made any demands as he supports the insurer’s move to cut costs and sell more products directly to consumers, the report added. (

Allstate and Icahn Capital did not immediately respond to Reuters requests for comment.

Shares of Allstate rose as much as 1.4% after the news surfaced. The company has a market value of nearly $40.46 billion.

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