Summit Financial Wealth Advisors Lowers stake in Allstate Corp (ALL)

Allstate Corp (ALL) : Summit Financial Wealth Advisors reduced its stake in Allstate Corp by 0.81% during the most recent quarter end. The investment management company now holds a total of 77,374 shares of Allstate Corp which is valued at $5,389,873 after selling 633 shares in Allstate Corp , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Allstate Corp makes up approximately 2.23% of Summit Financial Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in ALL by selling 118,697 shares or 26.29% in the most recent quarter. The Hedge Fund company now holds 332,835 shares of ALL which is valued at $23,185,286. Allstate Corp makes up approx 0.10% of Bnp Paribas Arbitrage Sa’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in ALL by selling 26 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 15,140 shares of ALL which is valued at $1,049,353. Allstate Corp makes up approx 0.20% of First Financial Bank N.a. – Trust Division’s portfolio.Boltwood Capital Management boosted its stake in ALL in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 24,008 shares of Allstate Corp which is valued at $1,663,994. Allstate Corp makes up approx 1.39% of Boltwood Capital Management’s portfolio.Integrated Investment Consultants boosted its stake in ALL in the latest quarter, The investment management firm added 209 additional shares and now holds a total of 2,483 shares of Allstate Corp which is valued at $172,097. Allstate Corp makes up approx 0.09% of Integrated Investment Consultants’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 opened for trading at $69.66 and hit $70.12 on the upside on Monday, eventually ending the session at $69.94, with a gain of 0.40% or 0.28 points. The heightened volatility saw the trading volume jump to 16,98,173 shares. Company has a market cap of $26,183 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.

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