Allstate Corp (ALL) : Appaloosa Lp reduced its stake in Allstate Corp by 6.5% during the most recent quarter end. The investment management company now holds a total of 3,119,823 shares of Allstate Corp which is valued at $220,540,288 after selling 216,746 shares in Allstate Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Allstate Corp makes up approximately 5.73% of Appaloosa Lp’s portfolio.
Other Hedge Funds, Including , Wealthfront Inc boosted its stake in ALL in the latest quarter, The investment management firm added 922 additional shares and now holds a total of 13,968 shares of Allstate Corp which is valued at $987,398. Allstate Corp makes up approx 0.03% of Wealthfront Inc’s portfolio.Alliancebernstein reduced its stake in ALL by selling 1,136,256 shares or 12.48% in the most recent quarter. The Hedge Fund company now holds 7,970,520 shares of ALL which is valued at $553,552,614. Allstate Corp makes up approx 0.47% of Alliancebernstein’s portfolio.Tower Research Capital (trc) boosted its stake in ALL in the latest quarter, The investment management firm added 9,220 additional shares and now holds a total of 10,313 shares of Allstate Corp which is valued at $689,527. Allstate Corp makes up approx 0.06% of Tower Research Capital (trc)’s portfolio.Salzhauer Michael reduced its stake in ALL by selling 33 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 7,418 shares of ALL which is valued at $499,528. Allstate Corp makes up approx 0.37% of Salzhauer Michael’s portfolio.
Allstate Corp opened for trading at $71.8 and hit $72.2 on the upside on Monday, eventually ending the session at $72.02, with a gain of 0.33% or 0.24 points. The heightened volatility saw the trading volume jump to 29,98,304 shares. Company has a market cap of $26,521 M.
On the company’s financial health, Allstate Corp reported $1.26 EPS for the quarter, based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus estimate of $1.26. The company had revenue of $7869.00 million for the quarter, compared to analysts expectations of $7864.33 million. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.52 EPS.
Investors should note that on Nov 18, 2016, Allstate Corp announced a cash dividend of $0.3300. The company’s management has announced Nov 28, 2016 as the ex-dividend date and fixed the record date on Nov 30, 2016. The payable date has been fixed on Jan 3, 2017.
The Allstate Corporation is a holding company for Allstate Insurance Company. The Company and its subsidiaries including Allstate Insurance Company Allstate Life Insurance Company and other subsidiaries (collectively Allstate) are engaged in the property-liability insurance and life insurance business. It offers its products in the United States and Canada. Allstate operates in four business segments: Allstate Protection Discontinued Lines and Coverages Allstate Financial and Corporate and Other. The principal geographic markets for its auto homeowners and other personal property and casualty products are in the United States. Through its subsidiaries it sells various types of personal property and casualty insurance products in around 50 states the District of Columbia and Puerto Rico. It sells private passenger auto and homeowners insurance through agencies contact centers and Internet. It sells these products under Allstate Esurance and Encompass brand names.