The Allstate Corporation (NYSE:ALL) [Trend Analysis] shares price plummeted -0.42% to close at $64.26. The Allstate Insurance Firm (ALL) revealed that Judith P. Greffin, executive vice president and chief investment officer, is retiring, effective March 31. Allstate Chief Financial Officer Steve Shebik will serve in an expanded role as interim chief investment officer while a search is conducted for Greffin’s replacement. Greffin became chief investment officer at Allstate in 2008, following around two decades of investment experience with the firm. She helped guide the firm through a period of turmoil in global markets, and developed a senior team of investment professionals to proactively manage Allstate’s $78 billion portfolio.
Allstate chairman and chief executive officer, Thomas J. Wilson stated that they would like to thank Judy for her important contributions to Allstate during a 25-year career that spanned a wide variety of investment climates. This comprises the proactive approach we took during the 2009 financial market crisis and our recent shift to raise our performance-based investments. “She also has led a strong investment team that spans a diverse, talented group of around 300 professionals.” Its return of equity was recorded 10.70% and its return on investment was calculated 9.30%. Its 50-Day moving average was 4.57% and 200-Day moving average was 3.42%.
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United Technologies Corporation (NYSE:UTX) [Trend Analysis] finished trading at $96.18. Universal Electronics Inc. (UEIC) reported that Ecolink Intelligent Technology, its wholly owned subsidiary, has entered into an contract with UTC Fire & Security Americas Corporation, Inc. (UTC F&S) / Interlogix , part of UTC Climate, Controls & Security, a unit of United Technologies Corporation (UTX). Through this contract Ecolink’s security sensors will be accessible exclusively through all Interlogix sales channels within the residential and commercial security section.
This contract pairs the innovation and agility of Ecolink with the strong sales and distribution expertise of Interlogix to build a more robust presence in the security space. “Ecolink has been a solid supplier of security products for many years. Their experience and knowledge in developing innovative sensors for all the major alarm brands will enable Interlogix to expand its product lines and accelerate growth in this industry. “We are excited about the prospects to supply our consumers with the best security solutions accessible .” Corporation has the current ratio of 1.20 for the most recent quarter with 52-week high price of $-18.83% and its 52-week low was recorded at $16.20%.
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General Dynamics Corporation (NYSE:GD) [Trend Analysis] has 311.16 million outstanding shares and its share price finished at $133.57 by increasing 1.26% in last traded session. General Dynamics United Kingdom Limited has been awarded £135 million contract from the UK Ministry of Defence to provide improved Bowman tactical communications systems to the British Armed Forces. The BCIP5.6 contract will allow for the Bowman tactical communications equipment presently used by the UK military to receive a series of enhancements and upgrades. These include the roll-out of about 12,000 new data terminals and an updated version of the Battle Management System.
Defence Secretary Michael Fallon stated that this is more evidence of what this Government’s decision to grow our Defence budget can do for the UK. It will create highly skilled jobs in Wales and help our Armed Forces to keep Britain safe for years to come. As the returns are concern, return on equity was recorded 26.80% and firm surged its return on investment of 21.50% while its return on asset stayed at 8.90%.
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