Allstate Corp (ALL) : Uss Investment Management Ltd added new position in Allstate Corp during the most recent quarter end. The investment management firm now holds 509,000 shares of Allstate Corp which is valued at $34,932,670 , the company said in a statement filed on Aug 1, 2016 with the SEC.Allstate Corp makes up approximately 0.58% of Uss Investment Management Ltd’s portfolio.
Other Hedge Funds, Including , Shelton Capital Management reduced its stake in ALL by selling 200 shares or 6.02% in the most recent quarter. The Hedge Fund company now holds 3,124 shares of ALL which is valued at $214,400. Allstate Corp makes up approx 0.02% of Shelton Capital Management’s portfolio.Smith Salley Associates boosted its stake in ALL in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 4,493 shares of Allstate Corp which is valued at $307,007. Allstate Corp makes up approx 0.07% of Smith Salley Associates’s portfolio.Calamos Advisors reduced its stake in ALL by selling 45,366 shares or 43.63% in the most recent quarter. The Hedge Fund company now holds 58,602 shares of ALL which is valued at $4,035,334. Allstate Corp makes up approx 0.04% of Calamos Advisors’s portfolio.Seminole Management boosted its stake in ALL in the latest quarter, The investment management firm added 114,834 additional shares and now holds a total of 245,648 shares of Allstate Corp which is valued at $16,915,321. Allstate Corp makes up approx 1.67% of Seminole Management’s portfolio.Farmers Trust Co reduced its stake in ALL by selling 105 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 7,128 shares of ALL which is valued at $493,258. Allstate Corp makes up approx 0.16% of Farmers Trust Co’s portfolio.
Allstate Corp closed down -0.01 points or -0.01% at $68.62 with 21,49,815 shares getting traded on Thursday. Post opening the session at $67.99, the shares hit an intraday low of $67.99 and an intraday high of $69.24 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.
Investors should note that on Jul 14, 2016, Allstate Corp announced a cash dividend of $0.3300. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Oct 3, 2016.
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 .Company shares were Reiterated by Deutsche Bank on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 79 from a previous price target of $71 .
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.