Allstate Corp (ALL) : Highland Capital Management reduced its stake in Allstate Corp by 0.59% during the most recent quarter end. The investment management company now holds a total of 137,669 shares of Allstate Corp which is valued at $9,511,551 after selling 818 shares in Allstate Corp , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Allstate Corp makes up approximately 0.81% of Highland Capital Management’s portfolio.
Other Hedge Funds, Including , Private Trust Co Na reduced its stake in ALL by selling 12 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 11,382 shares of ALL which is valued at $786,382. Allstate Corp makes up approx 0.20% of Private Trust Co Na’s portfolio. Atria Investments sold out all of its stake in ALL during the most recent quarter. The investment firm sold 3,360 shares of ALL which is valued $229,152.Canandaigua National Bank Trust Co reduced its stake in ALL by selling 105 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 10,112 shares of ALL which is valued at $689,638. Allstate Corp makes up approx 0.20% of Canandaigua National Bank Trust Co’s portfolio.Arvest Bank Trust Division reduced its stake in ALL by selling 1,158 shares or 0.58% in the most recent quarter. The Hedge Fund company now holds 197,655 shares of ALL which is valued at $13,525,532. Allstate Corp makes up approx 1.14% of Arvest Bank Trust Division’s portfolio.
Allstate Corp closed down -0.29 points or -0.42% at $68.2 with 17,23,922 shares getting traded on Tuesday. Post opening the session at $68.31, the shares hit an intraday low of $67.89 and an intraday high of $68.465 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.