Allstate Corp (ALL) : Litman Gregory Asset Management added new position in Allstate Corp during the most recent quarter end. The investment management firm now holds 500 shares of Allstate Corp which is valued at $33,690 , the company said in a statement filed on May 11, 2016 with the SEC.Allstate Corp makes up approximately 0.03% of Litman Gregory Asset Management’s portfolio.
Other Hedge Funds, Including , Caprock Group added ALL to its portfolio by purchasing 4,886 company shares during the most recent quarter which is valued at $329,219. Allstate Corp makes up approx 0.08% of Caprock Group’s portfolio.Ibm Retirement Fund reduced its stake in ALL by selling 44,610 shares or 46.87% in the most recent quarter. The Hedge Fund company now holds 50,562 shares of ALL which is valued at $3.4 Million. Allstate Corp makes up approx 0.13% of Ibm Retirement Fund’s portfolio.Diam Ltd. boosted its stake in ALL in the latest quarter, The investment management firm added 2,361 additional shares and now holds a total of 40,194 shares of Allstate Corp which is valued at $2.7 Million. Allstate Corp makes up approx 0.04% of Diam Ltd.’s portfolio.Great West Life Assurance Co Can reduced its stake in ALL by selling 156,014 shares or 24.73% in the most recent quarter. The Hedge Fund company now holds 474,813 shares of ALL which is valued at $30.9 Million. Allstate Corp makes up approx 0.11% of Great West Life Assurance Co Can’s portfolio.
Allstate Corp opened for trading at $67.19 and hit $67.79 on the upside on Monday, eventually ending the session at $67.55, with a gain of 0.25% or 0.17 points. The heightened volatility saw the trading volume jump to 20,19,819 shares. Company has a market cap of $25,289 M.
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.