Banque Cantonale Vaudoise Buys 11,541 Shares of The Allstate Corporation $ALL

Banque Cantonale Vaudoise increased its position in The Allstate Corporation (NYSE:ALL) by 263.6% in the 4th quarter, HoldingsChannel reports. The fund owned 15,920 shares of the insurance provider’s stock after buying an additional 11,541 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Allstate were worth $3,314,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Navalign LLC bought a new position in Allstate in the 4th quarter worth approximately $27,000. Dorato Capital Management bought a new position in shares of Allstate during the 4th quarter valued at approximately $27,000. Palisade Asset Management LLC bought a new position in shares of Allstate during the 3rd quarter valued at approximately $31,000. Princeton Global Asset Management LLC boosted its position in shares of Allstate by 101.3% during the 4th quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 76 shares during the last quarter. Finally, South Plains Financial Inc. boosted its position in shares of Allstate by 41.5% during the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 49 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO Mario Rizzo sold 18,578 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ALL shares. Zacks Research downgraded Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Wall Street Zen downgraded Allstate from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group reiterated a “neutral” rating and set a $231.00 target price on shares of Allstate in a research report on Thursday, March 5th. Weiss Ratings upgraded Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, March 23rd. Finally, Citigroup increased their price target on Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average target price of $241.67.

Allstate Stock Performance

Shares of Allstate stock opened at $221.95 on Thursday. The firm has a market cap of $57.13 billion, a P/E ratio of 4.90, a P/E/G ratio of 0.40 and a beta of 0.21. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $227.62. The stock’s fifty day moving average price is $211.90 and its 200-day moving average price is $207.84.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating the consensus estimate of $7.31 by $3.34. The firm had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.53 earnings per share. On average, equities research analysts expect that The Allstate Corporation will post 29.22 earnings per share for the current fiscal year.

Allstate Company 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.