Allstate Corp (ALL) : Croft-leominster Inc reduced its stake in Allstate Corp by 1.44% during the most recent quarter end. The investment management company now holds a total of 133,535 shares of Allstate Corp which is valued at $9,231,275 after selling 1,957 shares in Allstate Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Allstate Corp makes up approximately 1.99% of Croft-leominster Inc’s portfolio.
Other Hedge Funds, Including , Dubuque Bank Trust Co reduced its stake in ALL by selling 41,884 shares or 99.82% in the most recent quarter. The Hedge Fund company now holds 76 shares of ALL which is valued at $5,254.Employees Retirement System Of Texas boosted its stake in ALL in the latest quarter, The investment management firm added 18,000 additional shares and now holds a total of 184,000 shares of Allstate Corp which is valued at $12,719,920. Allstate Corp makes up approx 0.17% of Employees Retirement System Of Texas’s portfolio.Westport Resources Management Inc boosted its stake in ALL in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 10,925 shares of Allstate Corp which is valued at $755,245. Allstate Corp makes up approx 0.24% of Westport Resources Management Inc’s portfolio.Blair William Coil reduced its stake in ALL by selling 8,853 shares or 15.16% in the most recent quarter. The Hedge Fund company now holds 49,550 shares of ALL which is valued at $3,424,401. Allstate Corp makes up approx 0.03% of Blair William Coil’s portfolio. Todd Asset Management added ALL to its portfolio by purchasing 163,937 company shares during the most recent quarter which is valued at $11,250,996. Allstate Corp makes up approx 0.35% of Todd Asset Management’s portfolio.
Allstate Corp opened for trading at $68.27 and hit $68.92 on the upside on Monday, eventually ending the session at $68.74, with a gain of 1.10% or 0.75 points. The heightened volatility saw the trading volume jump to 16,46,995 shares. Company has a market cap of $25,534 M.
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.