Shah Wealth Advisors LLC Buys Shares of 3,731 The Allstate Corporation $ALL

Posted by Geri Gentry on Sep 5th, 2026

Shah Wealth Advisors LLC purchased a new stake in shares of The Allstate Corporation (NYSE:ALL – Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,731 shares of the insurance provider’s stock, valued at approximately $888,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MV Capital Management Inc. purchased a new position in shares of Allstate during the 4th quarter worth approximately $25,000. Gables Capital Management Inc. purchased a new stake in Allstate in the second quarter valued at approximately $26,000. Navalign LLC acquired a new position in Allstate during the fourth quarter worth $27,000. Kelleher Financial Advisors acquired a new position in Allstate during the second quarter worth $28,000. Finally, Evolution Wealth Management Inc. boosted its position in shares of Allstate by 7,000.0% during the first quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after buying an additional 140 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total value of $14,870,388.00. Following the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This trade represents a 40.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John E. Dugenske sold 32,996 shares of Allstate stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the completion of the transaction, the insider owned 13,054 shares of the company’s stock, valued at $3,515,833.82. This represents a 71.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.55% of the company’s stock.

Key Allstate News

Here are the key news stories impacting Allstate this week:

Positive Sentiment: Allstate is included among insurers using artificial intelligence, data and technology to improve operating efficiency, underwriting and growth, which could support long-term margins and competitiveness. 3 Insurers to Add to Portfolio as AI Transforms Insurance Operations
Positive Sentiment: A review of Allstate’s financial strength and earnings outlook suggests the company may merit renewed investor consideration, reinforcing the case for its profitability and balance-sheet position. Affirmed Financial Strength And Earnings Outlook Might Change The Case For Investing In Allstate
Positive Sentiment: Allstate is highlighted as a value-oriented property-and-casualty insurer with premium growth, underwriting discipline and investment-portfolio gains. 3 P&C Insurers to Add for Better Returns in Sluggish September
Positive Sentiment: Allstate is listed among low-beta, dividend-paying stocks that could offer defensive characteristics during September volatility, with improving earnings estimates cited as a supporting factor. Buy 5 Stocks to Stay Safe in Wall Street’s Historically Worst Month
Neutral Sentiment: Comparisons with Tokio Marine focus on relative valuation and value-investing characteristics rather than a new company-specific catalyst. ALL or TKOMY: Which Is the Better Value Stock Right Now?
Neutral Sentiment: An Allstate driving-safety report ranking for Wichita provides local auto-insurance context but does not materially change the company’s financial outlook. How bad or good are Wichita drivers? See how the city ranks in Allstate report
Negative Sentiment: Allstate shares have declined since the latest earnings report, prompting questions about whether the stock can rebound despite the company’s stronger-than-expected results. Allstate Down 4.4% Since Last Earnings Report: Can It Rebound?
Negative Sentiment: A report that Tyler Perry paid an 81-year-old woman’s $18,000 repair bill after Allstate denied her claim could create reputational risk and renewed scrutiny of claims-handling practices, although it appears to be an isolated customer dispute. Tyler Perry pays 81-year-old woman’s $18K repair bill after Allstate denies claim

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALL. Zacks Research raised Allstate from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Roth Capital set a $300.00 target price on Allstate in a research note on Thursday, August 6th. Evercore set a $240.00 target price on Allstate in a report on Friday, July 10th. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research note on Monday, July 20th. Finally, Argus set a $238.00 price target on shares of Allstate in a research report on Friday, August 28th. Four analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $263.90.

Read Our Latest Analysis on ALL

Allstate Stock Down 1.4%

Allstate stock opened at $259.43 on Friday. The firm has a market capitalization of $65.60 billion, a P/E ratio of 5.18, a P/E/G ratio of 0.60 and a beta of 0.15. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24. The Allstate Corporation has a twelve month low of $188.08 and a twelve month high of $277.22. The stock’s fifty day simple moving average is $256.91 and its 200-day simple moving average is $228.76.

Allstate (NYSE:ALL – Get Free Report) last released its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.06 by $2.93. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $15.46 billion. During the same period last year, the business posted $5.94 earnings per share. Allstate’s revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts expect that The Allstate Corporation will post 34.78 earnings per share for the current fiscal year.

Allstate Announces Dividend

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

About Allstate

(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.