Peddock Capital Advisors buys $850,610 stake in Allstate Corp (ALL)

Allstate Corp (ALL) : Peddock Capital Advisors scooped up 76 additional shares in Allstate Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 12,269 shares of Allstate Corp which is valued at $850,610.Allstate Corp makes up approximately 0.56% of Peddock Capital Advisors’s portfolio.

Other Hedge Funds, Including , Pennsylvania Trust Co boosted its stake in ALL in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 5,425 shares of Allstate Corp which is valued at $376,115. Allstate Corp makes up approx 0.03% of Pennsylvania Trust Co’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in ALL by selling 2,058 shares or 2.12% in the most recent quarter. The Hedge Fund company now holds 94,847 shares of ALL which is valued at $6,490,380. Allstate Corp makes up approx 0.14% of Exxonmobil Investment Management Inc Tx’s portfolio. Independent Portfolio Consultants sold out all of its stake in ALL during the most recent quarter. The investment firm sold 1,262 shares of ALL which is valued $85,576.

Allstate Corp opened for trading at $69.47 and hit $69.82 on the upside on Friday, eventually ending the session at $69.33, with a gain of 0.35% or 0.24 points. The heightened volatility saw the trading volume jump to 23,24,272 shares. Company has a market cap of $25,753 M.

On the company’s financial health, Allstate Corp reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.58. The company had revenue of $7814.00 million for the quarter, compared to analysts expectations of $7834.00 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Allstate Corp. Company shares were Reiterated by Deutsche Bank on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 78 from a previous price target of $77 .

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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