F&v Capital Management Lowers stake in Allstate Corp (ALL)

Allstate Corp (ALL) : F&v Capital Management reduced its stake in Allstate Corp by 9.42% during the most recent quarter end. The investment management company now holds a total of 79,695 shares of Allstate Corp which is valued at $5,307,687 after selling 8,285 shares in Allstate Corp , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Allstate Corp makes up approximately 4.12% of F&v Capital Management’s portfolio.

Allstate Corp opened for trading at $66.49 and hit $67.33 on the upside on Monday, eventually ending the session at $67.3, with a gain of 1.05% or 0.7 points. The heightened volatility saw the trading volume jump to 19,68,905 shares. Company has a market cap of $25,460 M.

Other Hedge Funds, Including , Kanaly Trust Co reduced its stake in ALL by selling 49 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 4,286 shares of ALL which is valued at $285,448. Allstate Corp makes up approx 0.06% of Kanaly Trust Co’s portfolio.Gofen Glossberg Il boosted its stake in ALL in the latest quarter, The investment management firm added 2,819 additional shares and now holds a total of 177,394 shares of Allstate Corp which is valued at $11,814,440. Allstate Corp makes up approx 0.50% of Gofen Glossberg Il’s portfolio.Central Bank Trust Co boosted its stake in ALL in the latest quarter, The investment management firm added 1,029 additional shares and now holds a total of 3,843 shares of Allstate Corp which is valued at $255,944. Allstate Corp makes up approx 0.07% of Central Bank Trust Co’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in ALL in the latest quarter, The investment management firm added 5,296 additional shares and now holds a total of 92,107 shares of Allstate Corp which is valued at $6,134,326. Allstate Corp makes up approx 0.14% of Exxonmobil Investment Management Inc Tx’s portfolio.Charter Trust Co reduced its stake in ALL by selling 600 shares or 4.23% in the most recent quarter. The Hedge Fund company now holds 13,593 shares of ALL which is valued at $907,876. Allstate Corp makes up approx 0.11% of Charter Trust Co’s portfolio.

On the company’s financial health, Allstate Corp reported $1.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $1.34. The company had revenue of $7684.00 million for the quarter, compared to analysts expectations of $7711.49 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 EPS.

Many Wall Street Analysts have commented on Allstate Corp. Allstate Corp was Upgraded by Citigroup to ” Buy” on Feb 5, 2016. Shares were Reiterated by RBC Capital Mkts on Feb 5, 2016 to “Sector Perform” and Lowered the Price Target to $ 67 from a previous price target of $69 .Allstate Corp was Upgraded by Macquarie to ” Outperform” on Jan 19, 2016.

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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