Summit Financial Wealth Advisors buys $5.3 Million stake in Allstate Corp (ALL)

Allstate Corp (ALL) : Summit Financial Wealth Advisors scooped up 1,584 additional shares in Allstate Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 78,007 shares of Allstate Corp which is valued at $5.3 Million.Allstate Corp makes up approximately 2.27% of Summit Financial Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Quadrature Capital Ltd reduced its stake in ALL by selling 2,707 shares or 9.52% in the most recent quarter. The Hedge Fund company now holds 25,733 shares of ALL which is valued at $1.7 Million. Allstate Corp makes up approx 0.24% of Quadrature Capital Ltd’s portfolio.New Mexico Educational Retirement Board reduced its stake in ALL by selling 600 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 42,884 shares of ALL which is valued at $2.9 Million. Allstate Corp makes up approx 0.14% of New Mexico Educational Retirement Board’s portfolio.Daiwa Securities Group boosted its stake in ALL in the latest quarter, The investment management firm added 6,730 additional shares and now holds a total of 21,130 shares of Allstate Corp which is valued at $1.4 Million. Allstate Corp makes up approx 0.01% of Daiwa Securities Group’s portfolio.Bronfman E.l. Rothschild boosted its stake in ALL in the latest quarter, The investment management firm added 342 additional shares and now holds a total of 1,813 shares of Allstate Corp which is valued at $121,652. Allstate Corp makes up approx 0.02% of Bronfman E.l. Rothschild’s portfolio.Burney Co boosted its stake in ALL in the latest quarter, The investment management firm added 16,878 additional shares and now holds a total of 24,436 shares of Allstate Corp which is valued at $1.6 Million. Allstate Corp makes up approx 0.12% of Burney Co’s portfolio.

Allstate Corp closed down -0.16 points or -0.24% at $67.28 with 17,15,470 shares getting traded on Wednesday. Post opening the session at $67.68, the shares hit an intraday low of $67.205 and an intraday high of $67.83 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Allstate Corp reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.68. The company had revenue of $7723.00 million for the quarter, compared to analysts expectations of $7765.30 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 EPS.

Many Wall Street Analysts have commented on Allstate Corp. 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.

Leave a Reply

Allstate Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on Allstate Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.