The Allstate Corporation (NYSE:ALL – Get Free Report) COO Mario Rizzo sold 56,225 shares of the company’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 transaction of $14,870,388.00. Following the completion of the transaction, the chief operating officer owned 82,227 shares in the company, valued at approximately $21,747,396.96. This represents a 40.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Allstate Stock Down 2.4%
Shares of NYSE:ALL traded down $6.28 during trading on Wednesday, reaching $255.95. 2,591,088 shares of the company traded hands, compared to its average volume of 1,693,893. The firm has a fifty day simple moving average of $243.78 and a 200 day simple moving average of $221.66. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $277.22. The firm has a market cap of $64.72 billion, a P/E ratio of 5.11, a price-to-earnings-growth ratio of 0.44 and a beta of 0.16.
Allstate (NYSE:ALL – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The business had revenue of $15.43 billion for the quarter, compared to the consensus estimate of $15.46 billion. During the same period in the prior year, the business posted $5.94 earnings per share. Allstate’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts anticipate that The Allstate Corporation will post 31.93 earnings per share for the current fiscal year.
Allstate Announces Dividend
Analyst Upgrades and Downgrades
ALL has been the subject of several recent research reports. Evercore set a $240.00 target price on shares of Allstate in a research report on Friday, July 10th. Cantor Fitzgerald raised their price target on shares of Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Barclays lifted their price objective on shares of Allstate from $213.00 to $226.00 and gave the company an “underweight” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Allstate from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, August 6th. Finally, Atlantic Securities set a $319.00 target price on shares of Allstate in a research report on Wednesday, July 15th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Allstate presently has an average rating of “Hold” and a consensus price target of $265.53.
Institutional Trading of Allstate
Several large investors have recently modified their holdings of ALL. BlackRock Inc. acquired a new position in Allstate in the 2nd quarter valued at $5,439,448,000. State Street Corp lifted its position in Allstate by 3.7% during the 4th quarter. State Street Corp now owns 12,297,551 shares of the insurance provider’s stock worth $2,571,600,000 after acquiring an additional 438,034 shares during the last quarter. Bank of America Corp DE lifted its position in Allstate by 8.1% during the 1st quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider’s stock worth $1,640,748,000 after acquiring an additional 596,321 shares during the last quarter. GQG Partners LLC boosted its holdings in Allstate by 36.0% during the fourth quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock valued at $1,142,449,000 after acquiring an additional 1,452,993 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Allstate by 29.2% in the fourth quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock valued at $1,042,321,000 after purchasing an additional 1,131,172 shares during the last quarter. 76.47% of the stock is owned by institutional investors.
Key Allstate News
Here are the key news stories impacting Allstate this week:
- Positive Sentiment: JPMorgan raised its price target on Allstate from $282 to $292 and maintained an “overweight” rating, indicating confidence in further appreciation. Benzinga report
- Positive Sentiment: Piper Sandler forecast strong price appreciation for Allstate, adding to the constructive analyst outlook for the insurer. Piper Sandler forecast article
- Positive Sentiment: DOWLING & PARTN raised its FY2026 EPS forecast to $35.50 from $30.50 and increased its FY2027 estimate to $25.50 from $24.00. The revisions suggest improved expectations for near-term profitability.
- Neutral Sentiment: Analysts focused on five questions during Allstate’s second-quarter earnings call, likely addressing earnings quality, operating performance, and the durability of recent results. Allstate recently reported quarterly EPS of $8.99, well above the $6.06 consensus estimate, while revenue increased 11.8% year over year. Allstate Q2 earnings call article
- Neutral Sentiment: Allstate is preparing its Allie platform to support an agentic artificial-intelligence strategy. The initiative could improve efficiency and customer service, but its financial benefits remain uncertain. Allstate AI strategy article
- Negative Sentiment: Citi downgraded Allstate to “sell”, warning that recent operating returns appear “unsustainable.” The report raises concerns about whether the company’s strong recent profitability can persist. Citi downgrade article
- Negative Sentiment: Insider John Dugenske sold 32,996 shares for approximately $8.9 million, reducing his holdings by 71.65%. Although insider sales can be personal or planned, the size of the transaction may pressure sentiment. Allstate insider sale article
- Negative Sentiment: DOWLING & PARTN’s FY2028 EPS estimate is $25.50, signaling a potential slowdown from the company’s elevated near-term earnings outlook and reinforcing longer-term growth concerns.
About Allstate
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.
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