MidFirst Bank Buys Shares of 10,633 The Allstate Corporation $ALL

Posted by George Bondi on Aug 18th, 2026

MidFirst Bank purchased a new position in shares of The Allstate Corporation (NYSE:ALL – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,633 shares of the insurance provider’s stock, valued at approximately $2,530,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Allstate by 5.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552,120 shares of the insurance provider’s stock worth $112,533,000 after buying an additional 26,586 shares during the last quarter. Strategic Global Advisors LLC increased its holdings in shares of Allstate by 19.2% during the fourth quarter. Strategic Global Advisors LLC now owns 48,882 shares of the insurance provider’s stock worth $10,175,000 after buying an additional 7,870 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its stake in shares of Allstate by 130.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 19,288 shares of the insurance provider’s stock valued at $4,016,000 after acquiring an additional 10,936 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Allstate by 69.2% during the 4th quarter. CIBC Asset Management Inc now owns 63,011 shares of the insurance provider’s stock valued at $13,116,000 after acquiring an additional 25,764 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Allstate during the 4th quarter valued at $161,000. 76.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Andrea Redmond sold 2,225 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $202.91, for a total value of $451,474.75. Following the sale, the director directly owned 2,225 shares in the company, valued at $451,474.75. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Mario Rizzo sold 56,225 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This represents a 40.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 92,996 shares of company stock valued at $24,543,894. Insiders own 1.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ALL shares. Cantor Fitzgerald upped their target price on Allstate from $236.00 to $242.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods lifted their price target on Allstate from $242.00 to $255.00 and gave the company a “market perform” rating in a research note on Wednesday, July 8th. Mizuho upped their price objective on Allstate from $255.00 to $272.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Finally, Weiss Ratings upgraded shares of Allstate from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $265.53.

Get Our Latest Analysis on Allstate

Allstate Stock Down 1.4%

Shares of NYSE:ALL opened at $257.88 on Tuesday. The firm has a market cap of $65.21 billion, a P/E ratio of 5.15, a P/E/G ratio of 0.41 and a beta of 0.16. The Allstate Corporation has a 12-month low of $188.08 and a 12-month high of $277.22. The business has a fifty day simple moving average of $247.38 and a 200 day simple moving average of $223.47. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24.

Allstate (NYSE:ALL – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $2.93. The firm had revenue of $15.43 billion for the quarter, compared to analyst estimates of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.94 EPS. Analysts predict that The Allstate Corporation will post 33.92 earnings per share for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. Allstate’s payout ratio is currently 8.63%.

Allstate Company Profile

(Free Report)

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.