Banque Cantonale Vaudoise trimmed its position in shares of The Allstate Co. (NYSE:ALL – Get Rating) by 37.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,200 shares of the insurance provider’s stock after selling 3,100 shares during the period. Banque Cantonale Vaudoise’s holdings in Allstate were worth $705,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Accurate Wealth Management LLC bought a new stake in shares of Allstate during the 4th quarter worth about $27,000. Cowa LLC bought a new stake in shares of Allstate during the 1st quarter worth about $30,000. Standard Family Office LLC bought a new stake in shares of Allstate during the 3rd quarter worth about $37,000. CI Investments Inc. raised its position in shares of Allstate by 981.8% during the 3rd quarter. CI Investments Inc. now owns 357 shares of the insurance provider’s stock worth $44,000 after buying an additional 324 shares in the last quarter. Finally, New England Capital Financial Advisors LLC bought a new stake in shares of Allstate during the 4th quarter worth about $46,000. 77.48% of the stock is owned by institutional investors and hedge funds.
Allstate Price Performance
Shares of ALL opened at $111.04 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.55. The Allstate Co. has a 52 week low of $103.20 and a 52 week high of $142.15. The company’s 50 day moving average price is $113.98 and its 200 day moving average price is $125.37.
Allstate Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 2nd will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, June 1st. Allstate’s dividend payout ratio is -40.14%.
Analyst Ratings Changes
A number of analysts have commented on the stock. Piper Sandler boosted their price target on shares of Allstate from $144.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 4th. William Blair upgraded shares of Allstate from a “market perform” rating to an “outperform” rating in a report on Monday, April 3rd. Bank of America boosted their target price on shares of Allstate from $146.00 to $149.00 and gave the stock a “buy” rating in a report on Thursday, May 18th. Roth Capital reiterated a “buy” rating on shares of Allstate in a report on Thursday, February 2nd. Finally, Evercore ISI dropped their target price on shares of Allstate from $138.00 to $132.00 and set an “in-line” rating on the stock in a report on Thursday, March 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $141.31.
The Allstate Corp. engages in the property and casualty insurance business and the provision of protection solutions. It operates through following business segments: Allstate Protection, Protection Services, Allstate Health and Benefits, Run-off Property-Liability, and Corporate and Other. The Allstate Protection segment offers private passenger auto, homeowners, other personal lines, and commercial insurance marketed under the Allstate, National General, and Answer Financial brand names.
- Get a free copy of the StockNews.com research report on Allstate (ALL)
- 3 Electrical Gear Makers: Hidden Gems Amid Growing Digitization
- Can ULTA’s Defensive Product Line Stand Against This Down Cycle
- A Reversal Is Brewing For Medtronic: Buying The Dip
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
Want to see what other hedge funds are holding ALL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Allstate Co. (NYSE:ALL – Get Rating).
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.