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

Allstate Corp (ALL) : F&v Capital Management reduced its stake in Allstate Corp by 2.28% during the most recent quarter end. The investment management company now holds a total of 77,875 shares of Allstate Corp which is valued at $5,424,773 after selling 1,820 shares in Allstate Corp , the firm said in a disclosure report filed with the SEC on Jul 8, 2016.Allstate Corp makes up approximately 3.96% of F&v Capital Management’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp boosted its stake in ALL in the latest quarter, The investment management firm added 94,265 additional shares and now holds a total of 237,739 shares of Allstate Corp which is valued at $16,560,899. Allstate Corp makes up approx 0.14% of British Columbia Investment Management Corp’s portfolio. Iowa State Bank added ALL to its portfolio by purchasing 407 company shares during the most recent quarter which is valued at $28,352. Allstate Corp makes up approx 0.01% of Iowa State Bank’s portfolio.Stock Yards Bank Trust Co reduced its stake in ALL by selling 2 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 3,754 shares of ALL which is valued at $260,190. Allstate Corp makes up approx 0.03% of Stock Yards Bank Trust Co’s portfolio.

Allstate Corp closed down -0.32 points or -0.46% at $69.28 with 20,02,685 shares getting traded on Wednesday. Post opening the session at $69.71, the shares hit an intraday low of $69.22 and an intraday high of $69.75 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.

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