Revenue Update on Allstate Corp(NYSE:ALL)

Allstate Corp(NYSE:ALL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $9.16B. Analysts estimated a revenue of $8.15B. Earnings per share were $0.62. Analysts had estimated an EPS of $0.57.

Allstate Corp (ALL) made into the market gainers list on Fridays trading session with the shares advancing 0.03% or 0.02 points. Due to strong positive momentum, the stock ended at $69.13, which is also near the day’s high of $69.25. The stock began the session at $69.06 and the volume stood at 9,03,080 shares. The 52-week high of the shares is $70.38 and the 52 week low is $54.12. The company has a current market capitalization of $25,679 M and it has 37,14,60,920 shares in outstanding.

Allstate Corp has also declared a cash dividend of $0.3300 on Jul 14, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed on Aug 31, 2016. The dividend payable date has been fixed on Oct 3, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Steven E Shebik (EVP & Chief Financial Officer) sold 20,000 shares at $67.46 per share price.Also, On May 10, 2016, Judith A Sprieser (director) sold 4,000 shares at $66.92 per share price.On Mar 30, 2016, Mary Alice Taylor (director) sold 3,300 shares at $66.92 per share price, according to the Form-4 filing with the securities and exchange commission.

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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