Causeway Capital Management buys $132,530,782 stake in Allstate Corp (ALL)

Allstate Corp (ALL) : Causeway Capital Management scooped up 172,153 additional shares in Allstate Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,917,124 shares of Allstate Corp which is valued at $132,530,782.Allstate Corp makes up approximately 2.68% of Causeway Capital Management’s portfolio.

Other Hedge Funds, Including , Legg Mason Asset Management (japan) Ltd. reduced its stake in ALL by selling 200 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 9,000 shares of ALL which is valued at $622,170. Allstate Corp makes up approx 0.63% of Legg Mason Asset Management (japan) Ltd.’s portfolio. Girard Partners Ltd. added ALL to its portfolio by purchasing 2,913 company shares during the most recent quarter which is valued at $201,376. Allstate Corp makes up approx 0.07% of Girard Partners Ltd.’s portfolio.Citadel Advisors reduced its stake in ALL by selling 361,967 shares or 77.3% in the most recent quarter. The Hedge Fund company now holds 106,316 shares of ALL which is valued at $7,349,625. Allstate Corp makes up approx 0.02% of Citadel Advisors’s portfolio. Bridgewater Associates Lp sold out all of its stake in ALL during the most recent quarter. The investment firm sold 6,300 shares of ALL which is valued $435,519.Glassman Wealth Services boosted its stake in ALL in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 1,187 shares of Allstate Corp which is valued at $82,034. Allstate Corp makes up approx 0.07% of Glassman Wealth Services’s portfolio.

Allstate Corp closed down -0.3 points or -0.44% at $68.66 with 16,99,016 shares getting traded on Thursday. Post opening the session at $68.97, the shares hit an intraday low of $68.32 and an intraday high of $69.08 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Allstate Corp reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.58. The company had revenue of $7814.00 million for the quarter, compared to analysts expectations of $7834.00 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Allstate Corp. Company shares were Reiterated by Deutsche Bank on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 78 from a previous price target of $77 .

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.

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