Banque Cantonale Vaudoise Has $1.13 Million Holdings in The Allstate Co. (NYSE:ALL)

Banque Cantonale Vaudoise cut its stake in shares of The Allstate Co. (NYSE:ALL) by 52.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,955 shares of the insurance provider’s stock after selling 6,593 shares during the period. Banque Cantonale Vaudoise’s holdings in Allstate were worth $1,129,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ALL. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate in the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Allstate in the third quarter valued at approximately $29,000. Versant Capital Management Inc raised its position in shares of Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after buying an additional 78 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Allstate in the second quarter valued at approximately $38,000. Finally, MCF Advisors LLC raised its position in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after buying an additional 84 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Trading Up 0.4 %

Shares of ALL stock opened at $197.29 on Thursday. The company has a 50-day simple moving average of $190.76 and a two-hundred day simple moving average of $177.36. The company has a market capitalization of $52.24 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.76 and a beta of 0.48. The Allstate Co. has a 52-week low of $134.17 and a 52-week high of $201.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The business had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the prior year, the company posted $0.81 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Research analysts anticipate that The Allstate Co. will post 16.01 EPS for the current fiscal year.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s dividend payout ratio is presently 23.83%.

Wall Street Analyst Weigh In

ALL has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price target on shares of Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Wells Fargo & Company boosted their price objective on shares of Allstate from $175.00 to $186.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Raymond James boosted their price objective on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Friday, October 4th. BMO Capital Markets boosted their price objective on shares of Allstate from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, UBS Group boosted their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $214.19.

Insider Activity

In other news, insider John E. Dugenske sold 36,367 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the sale, the insider now owns 27,364 shares in the company, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Allstate Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.