Edgar Lomax Co Has Trimmed Stake in Allstate Corporation (ALL) by $13.90 Million

August 25, 2018 - By Robert Reynolds

The Allstate Corporation (NYSE:ALL) LogoInvestors sentiment decreased to 0.81 in 2018 Q1. Its down 0.15, from 0.96 in 2017Q4. It is negative, as 62 investors sold ALL shares while 314 reduced holdings. 78 funds opened positions while 228 raised stakes. 260.00 million shares or 2.34% less from 266.22 million shares in 2017Q4 were reported. Burney Communication has invested 0.28% in The Allstate Corporation (NYSE:ALL). Checchi Capital Advisers Ltd accumulated 3,625 shares or 0.05% of the stock. Cap Advisors Ltd Limited Liability Company owns 349 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 230,890 shares or 0.2% of its portfolio. Dupont Capital Corp accumulated 65,467 shares or 0.15% of the stock. Canada Pension Plan Inv Board accumulated 0.1% or 625,913 shares. First Quadrant Ltd Partnership Ca reported 0.06% of its portfolio in The Allstate Corporation (NYSE:ALL). Shelton Capital Management accumulated 0.25% or 40,624 shares. Axa owns 0.02% invested in The Allstate Corporation (NYSE:ALL) for 60,200 shares. Moreover, Sumitomo Mitsui Asset Mgmt Limited has 0.04% invested in The Allstate Corporation (NYSE:ALL) for 28,201 shares. 61,890 are held by Bokf Na. Usca Ria Ltd holds 0.08% of its portfolio in The Allstate Corporation (NYSE:ALL) for 7,667 shares. Ohio-based Cleararc Capital has invested 0.13% in The Allstate Corporation (NYSE:ALL). Mackenzie Financial Corp has invested 0% in The Allstate Corporation (NYSE:ALL). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt holds 0.1% or 112,700 shares in its portfolio.

Edgar Lomax Co decreased its stake in Allstate Corporation (ALL) by 17.97% based on its latest 2018Q1 regulatory filing with the SEC. Edgar Lomax Co sold 147,850 shares as the company’s stock declined 0.31% with the market. The institutional investor held 675,026 shares of the property-casualty insurers company at the end of 2018Q1, valued at $63.99 million, down from 822,876 at the end of the previous reported quarter. Edgar Lomax Co who had been investing in Allstate Corporation for a number of months, seems to be less bullish one the $34.46B market cap company. The stock increased 0.38% or $0.38 during the last trading session, reaching $99.53. About 1.88 million shares traded or 1.65% up from the average. The Allstate Corporation (NYSE:ALL) has risen 10.63% since August 25, 2017 and is uptrending. It has underperformed by 1.94% the S&P500.

Edgar Lomax Co, which manages about $1.38 billion and $1.39B US Long portfolio, upped its stake in Amgen Inc Com (NASDAQ:AMGN) by 27,625 shares to 85,478 shares, valued at $14.57M in 2018Q1, according to the filing. It also increased its holding in Merck & Co. Inc. (NYSE:MRK) by 409,550 shares in the quarter, for a total of 547,258 shares, and has risen its stake in Southern Co. (NYSE:SO).

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on November, 7. They expect $2.08 EPS, up 30.00 % or $0.48 from last year’s $1.6 per share. ALL’s profit will be $720.15 million for 11.96 P/E if the $2.08 EPS becomes a reality. After $1.90 actual EPS reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts 9.47 % EPS growth.

More news for The Allstate Corporation (NYSE:ALL) were recently published by: Seekingalpha.com, which released: “Heritage, Allstate, AIG among insurers exposed to potential Hawaii storm” on August 21, 2018. Seekingalpha.com‘s article titled: “Benefitfocus: Can The Rally Continue?” and published on August 24, 2018 is yet another important article.

The Allstate Corporation (NYSE:ALL) Ratings Coverage

Among 6 analysts covering Allstate (NYSE:ALL), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Allstate had 11 analyst reports since March 27, 2018 according to SRatingsIntel. The stock of The Allstate Corporation (NYSE:ALL) has “Neutral” rating given on Tuesday, August 7 by FBR Capital. Citigroup maintained the stock with “Buy” rating in Tuesday, April 10 report. On Sunday, April 1 the stock rating was upgraded by Keefe Bruyette & Woods to “Hold”. The stock has “Buy” rating by Citigroup on Friday, May 4. The firm has “Hold” rating given on Monday, April 16 by FBR Capital. The firm has “Buy” rating given on Tuesday, March 27 by Citigroup. Buckingham Research upgraded the shares of ALL in report on Wednesday, July 18 to “Neutral” rating. The stock has “Neutral” rating by FBR Capital on Monday, July 16. The firm earned “Buy” rating on Wednesday, May 9 by Argus Research. The firm has “Buy” rating by Citigroup given on Friday, July 20.

The Allstate Corporation (NYSE:ALL) Institutional Positions Chart

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