Summit Financial Wealth Advisors Lowered Allstate (ALL) Stake By $1.05 Million; Clough Global Allocation Fund (GLV) Has 0.73 Sentiment

February 15, 2018 - By Ellis Scott

Summit Financial Wealth Advisors Llc decreased Allstate Corp (ALL) stake by 24.47% reported in 2017Q3 SEC filing. Summit Financial Wealth Advisors Llc sold 11,580 shares as Allstate Corp (ALL)’s stock rose 4.59%. The Summit Financial Wealth Advisors Llc holds 35,743 shares with $3.29M value, down from 47,323 last quarter. Allstate Corp now has $33.38 billion valuation. The stock decreased 1.06% or $1.01 during the last trading session, reaching $94.02. About 1.15M shares traded. The Allstate Corporation (NYSE:ALL) has risen 25.87% since February 15, 2017 and is uptrending. It has outperformed by 9.17% the S&P500.

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The company has market cap of $142.21 million. The fund primarily invests in the public equity and fixed income markets across the globe. It has a 7.78 P/E ratio. It seeks to invest in securities of companies operating across diversified sectors.

Among 21 analysts covering The Allstate Corporation (NYSE:ALL), 8 have Buy rating, 2 Sell and 11 Hold. Therefore 38% are positive. The Allstate Corporation had 49 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of ALL in report on Friday, February 5 with “Sector Perform” rating. The rating was maintained by Keefe Bruyette & Woods on Wednesday, August 2 with “Hold”. Citigroup maintained the stock with “Buy” rating in Monday, October 2 report. The firm earned “Neutral” rating on Tuesday, December 1 by Citigroup. The firm earned “Sector Perform” rating on Tuesday, August 4 by RBC Capital Markets. On Thursday, February 8 the stock rating was maintained by Bank of America with “Buy”. On Friday, January 6 the stock rating was downgraded by Credit Suisse to “Neutral”. The company was initiated on Thursday, October 15 by Piper Jaffray. The firm has “Hold” rating given on Friday, June 16 by Wood. Keefe Bruyette & Woods downgraded The Allstate Corporation (NYSE:ALL) on Tuesday, January 2 to “Underperform” rating.

Investors sentiment increased to 0.91 in Q3 2017. Its up 0.15, from 0.76 in 2017Q2. It improved, as 44 investors sold ALL shares while 300 reduced holdings. 92 funds opened positions while 221 raised stakes. 263.23 million shares or 1.26% less from 266.58 million shares in 2017Q2 were reported. Howe & Rusling, New York-based fund reported 101 shares. Vanguard holds 24.66 million shares or 0.11% of its portfolio. 5,720 were reported by South State. Spc Fincl holds 11,355 shares or 0.26% of its portfolio. Everence Cap Mgmt reported 13,209 shares. Srb holds 0.02% in The Allstate Corporation (NYSE:ALL) or 1,903 shares. Hm Payson & stated it has 0.06% in The Allstate Corporation (NYSE:ALL). 1.61 million were reported by Swiss Fincl Bank. Canada Pension Plan Board owns 0.09% invested in The Allstate Corporation (NYSE:ALL) for 491,833 shares. Tarbox Family Office Inc has 40 shares for 0% of their portfolio. Burt Wealth Advsr reported 0.01% stake. British Columbia Invest Management Corp invested in 264,730 shares. Illinois-based Ubs Asset Mngmt Americas has invested 0.15% in The Allstate Corporation (NYSE:ALL). Bancorp Of America Corp De holds 0.05% or 3.41 million shares in its portfolio. Fjarde Ap reported 88,477 shares.

Summit Financial Wealth Advisors Llc increased Valero Energy Corp New (NYSE:VLO) stake by 18,241 shares to 46,254 valued at $3.56 million in 2017Q3. It also upped Vanguard Index Fds (VUG) stake by 9,768 shares and now owns 116,053 shares. Intel Corp (NASDAQ:INTC) was raised too.

The stock increased 0.96% or $0.13 during the last trading session, reaching $13.7. About 19,683 shares traded. Clough Global Dividend and Income Fund (GLV) has risen 16.42% since February 15, 2017 and is uptrending. It has underperformed by 0.28% the S&P500.

Saba Capital Management L.P. holds 2.56% of its portfolio in Clough Global Dividend and Income Fund for 1.81 million shares. Jaffetilchin Investment Partners Llc owns 154,310 shares or 0.51% of their US portfolio. Moreover, Sit Investment Associates Inc has 0.17% invested in the company for 487,878 shares. The Illinois-based Rivernorth Capital Management Llc has invested 0.16% in the stock. Advisors Asset Management Inc., a Colorado-based fund reported 71,907 shares.

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