Balyasny Asset Management LLC Decreased Its Allstate Corp (ALL) Stake by $71.28 Million

October 2, 2018 - By Winifred Garcia

The Allstate Corporation (NYSE:ALL) LogoInvestors sentiment increased to 0.89 in Q2 2018. Its up 0.08, from 0.81 in 2018Q1. It improved, as 46 investors sold ALL shares while 286 reduced holdings. 60 funds opened positions while 237 raised stakes. 254.16 million shares or 2.24% less from 260.00 million shares in 2018Q1 were reported. Baltimore holds 72,767 shares. Pillar Pacific Management Ltd Liability Corporation has invested 0.04% in The Allstate Corporation (NYSE:ALL). Advisory Net Limited Liability Company has 11,852 shares. Veritable Lp owns 0.03% invested in The Allstate Corporation (NYSE:ALL) for 15,111 shares. Bancorporation Of Nova Scotia stated it has 0.02% in The Allstate Corporation (NYSE:ALL). Butensky And Cohen Security Incorporated reported 1.53% of its portfolio in The Allstate Corporation (NYSE:ALL). Hugh Johnson Advsrs Ltd Llc owns 50,193 shares for 1.33% of their portfolio. Bb&T Limited Company holds 0.13% or 138,715 shares in its portfolio. Eagle Asset Mngmt holds 0% or 3,197 shares in its portfolio. Comerica Inc invested in 0.05% or 4,359 shares. Parallax Volatility Advisers LP has invested 0% in The Allstate Corporation (NYSE:ALL). Destination Wealth owns 46 shares. Boston Private Wealth Ltd Liability Corporation has invested 0.06% of its portfolio in The Allstate Corporation (NYSE:ALL). Ontario Teachers Pension Plan Board reported 111,767 shares. Westpac Bk Corporation has invested 0% in The Allstate Corporation (NYSE:ALL).

Since September 13, 2018, it had 0 insider purchases, and 1 sale for $1.04 million activity.

Balyasny Asset Management Llc decreased its stake in Allstate Corp (ALL) by 29.43% based on its latest 2018Q2 regulatory filing with the SEC. Balyasny Asset Management Llc sold 783,268 shares as the company’s stock rose 4.62% with the market. The hedge fund held 1.88 million shares of the property-casualty insurers company at the end of 2018Q2, valued at $171.46M, down from 2.66M at the end of the previous reported quarter. Balyasny Asset Management Llc who had been investing in Allstate Corp for a number of months, seems to be less bullish one the $34.23 billion market cap company. The stock increased 0.35% or $0.35 during the last trading session, reaching $98.88. About 757,626 shares traded. The Allstate Corporation (NYSE:ALL) has risen 6.22% since October 2, 2017 and is uptrending. It has underperformed by 9.40% the S&P500.

Balyasny Asset Management Llc, which manages about $14.49 billion and $22.03 billion US Long portfolio, upped its stake in Workday Inc (NYSE:WDAY) by 555,997 shares to 580,997 shares, valued at $70.37 million in 2018Q2, according to the filing. It also increased its holding in First Horizon Natl Corp (NYSE:FHN) by 199,015 shares in the quarter, for a total of 251,015 shares, and has risen its stake in Paypal Hldgs Inc.

Analysts await The Allstate Corporation (NYSE:ALL) to report earnings on November, 7. They expect $2.08 earnings per share, up 30.00 % or $0.48 from last year’s $1.6 per share. ALL’s profit will be $720.13 million for 11.88 P/E if the $2.08 EPS becomes a reality. After $1.90 actual earnings per share reported by The Allstate Corporation for the previous quarter, Wall Street now forecasts 9.47 % EPS growth.

Another recent and important The Allstate Corporation (NYSE:ALL) news was published by which published an article titled: “Barron’s Picks And Pans: Allstate, CBS, Owens-Illinois, 3M And More” on September 15, 2018.

The Allstate Corporation (NYSE:ALL) Ratings Coverage

Among 5 analysts covering Allstate (NYSE:ALL), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Allstate had 10 analyst reports since April 10, 2018 according to SRatingsIntel. The company was maintained on Tuesday, August 7 by FBR Capital. The firm has “Buy” rating by Citigroup given on Friday, May 4. Citigroup maintained the shares of ALL in report on Tuesday, April 10 with “Buy” rating. The firm has “Neutral” rating given on Monday, July 16 by FBR Capital. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, August 28. Citigroup maintained the shares of ALL in report on Friday, July 20 with “Buy” rating. On Wednesday, July 18 the stock rating was upgraded by Buckingham Research to “Neutral”. The rating was maintained by FBR Capital on Monday, April 16 with “Hold”. Argus Research maintained the stock with “Buy” rating in Wednesday, May 9 report.

The Allstate Corporation (NYSE:ALL) Institutional Positions Chart

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