11,484 Shares in The Allstate Corporation (NYSE:ALL) Purchased by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise purchased a new position in The Allstate Corporation (NYSE:ALL) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 11,484 shares of the insurance provider’s stock, valued at approximately $2,378,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in Allstate during the first quarter valued at approximately $28,000. Kapitalo Investimentos Ltda bought a new position in shares of Allstate during the fourth quarter valued at approximately $29,000. Meeder Asset Management Inc. grew its holdings in shares of Allstate by 113.8% during the first quarter. Meeder Asset Management Inc. now owns 186 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 99 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Allstate during the fourth quarter valued at approximately $40,000. Finally, Mattson Financial Services LLC bought a new position in shares of Allstate during the fourth quarter valued at approximately $44,000. 76.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on ALL shares. Wall Street Zen lowered Allstate from a “buy” rating to a “hold” rating in a report on Monday. William Blair started coverage on Allstate in a report on Friday, June 6th. They set a “sector outperform” rating for the company. UBS Group upped their target price on Allstate from $230.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Allstate in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. increased their price objective on Allstate from $217.00 to $222.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $227.07.

Allstate Stock Performance

ALL opened at $193.83 on Wednesday. The company has a market capitalization of $51.33 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.00 and a beta of 0.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.40 and a quick ratio of 0.40. The Allstate Corporation has a 1-year low of $168.36 and a 1-year high of $213.18. The business has a 50 day moving average price of $198.69 and a two-hundred day moving average price of $197.01.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 EPS for the quarter, missing analysts’ consensus estimates of $3.98 by ($0.45). Allstate had a net margin of 6.19% and a return on equity of 24.62%. The company had revenue of $14.30 billion for the quarter, compared to analyst estimates of $16.41 billion. During the same quarter last year, the company posted $5.13 EPS. Allstate’s revenue was up 7.8% on a year-over-year basis. Research analysts predict that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.06%. Allstate’s dividend payout ratio (DPR) is presently 27.32%.

Allstate Company 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.