Banque Cantonale Vaudoise Sells 3,159 Shares of The Allstate Corporation $ALL

Banque Cantonale Vaudoise lowered its position in The Allstate Corporation (NYSE:ALL) by 41.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,379 shares of the insurance provider’s stock after selling 3,159 shares during the period. Banque Cantonale Vaudoise’s holdings in Allstate were worth $940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ALL. Brighton Jones LLC increased its position in shares of Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after purchasing an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Allstate in the 4th quarter worth $231,000. AE Wealth Management LLC grew its stake in Allstate by 20.8% during the 2nd quarter. AE Wealth Management LLC now owns 4,288 shares of the insurance provider’s stock worth $863,000 after buying an additional 739 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Allstate during the 2nd quarter valued at about $640,000. Finally, Vise Technologies Inc. purchased a new stake in Allstate in the second quarter valued at about $1,225,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ALL. Citigroup boosted their price target on Allstate from $216.00 to $221.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Raymond James Financial reiterated a “strong-buy” rating and issued a $260.00 target price on shares of Allstate in a research note on Tuesday, March 3rd. Wells Fargo & Company dropped their target price on shares of Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Friday, February 20th. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 price target on shares of Allstate in a research note on Thursday, February 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $215.00 price target (down from $245.00) on shares of Allstate in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $238.88.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 19,593 shares of the stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the sale, the insider directly owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. This trade represents a 16.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Allstate Price Performance

Shares of NYSE ALL opened at $204.84 on Friday. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $216.75. The business’s 50 day moving average price is $204.47 and its 200 day moving average price is $204.66. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The firm has a market cap of $53.16 billion, a P/E ratio of 5.36, a P/E/G ratio of 0.43 and a beta of 0.23.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. The company had revenue of $17.35 billion during the quarter, compared to analyst estimates of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. Allstate’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $7.67 EPS. On average, sell-side analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be given a dividend of $1.08 per share. This is a boost from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, March 2nd. Allstate’s payout ratio is presently 11.31%.

Allstate Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.