Caisse DE Depot ET Placement DU Quebec Boosts Holdings in The Allstate Co. (NYSE:ALL)

Caisse DE Depot ET Placement DU Quebec grew its position in The Allstate Co. (NYSE:ALL) by 291.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 356,065 shares of the insurance provider’s stock after acquiring an additional 265,213 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.13% of Allstate worth $67,528,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BDF Gestion bought a new position in shares of Allstate during the second quarter valued at approximately $3,051,000. OFI Invest Asset Management bought a new stake in shares of Allstate during the second quarter worth $476,000. Diversified Trust Co boosted its stake in shares of Allstate by 505.3% during the second quarter. Diversified Trust Co now owns 7,923 shares of the insurance provider’s stock valued at $1,265,000 after purchasing an additional 6,614 shares during the period. Eagle Asset Management Inc. grew its holdings in shares of Allstate by 38.0% in the third quarter. Eagle Asset Management Inc. now owns 10,497 shares of the insurance provider’s stock worth $2,067,000 after purchasing an additional 2,888 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Allstate by 351.6% during the 1st quarter. Cetera Investment Advisers now owns 65,221 shares of the insurance provider’s stock valued at $11,284,000 after buying an additional 50,780 shares in the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BMO Capital Markets upped their target price on shares of Allstate from $205.00 to $214.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. StockNews.com cut Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods upped their target price on Allstate from $222.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Bank of America increased their price target on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Morgan Stanley upped their price objective on shares of Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.19.

Allstate Stock Performance

ALL opened at $207.39 on Friday. The Allstate Co. has a 52-week low of $134.17 and a 52-week high of $209.88. The firm’s 50-day moving average price is $193.02 and its 200-day moving average price is $179.10. The company has a market cap of $54.92 billion, a P/E ratio of 13.43, a price-to-earnings-growth ratio of 1.83 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share. As a group, equities analysts anticipate that The Allstate Co. will post 16.26 EPS for the current fiscal year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, November 29th. Allstate’s dividend payout ratio is presently 23.83%.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. This represents a 57.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 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.