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Carl Icahn Owns Allstate Stock: Should You?

Carl Icahn Owns Allstate Stock: Should You?

Last month, investors learned that billionaire activist investor Carl Icahn had accumulated a $400 million stake in Allstate (NYSE: ALL). Icahn is best known for his shareholder activism, buying up companies when no one wants them and unlocking their value, which then delivers value to shareholders. The activist investor added the stock last year at around $90 a share.