Rep. Michael A. Rulli Sells The Allstate Corporation (NYSE:ALL) Stock

Key Points

• Rep. Michael A. Rulli sold between $1,001 and $15,000 of Allstate stock on August 12 from a Merrill Lynch managed account, according to a disclosure filed September 2.
• Allstate reported a strong quarter, with EPS of $8.99 versus the $6.06 consensus and revenue of $18.60 billion, up 11.8% year over year. The company also declared a quarterly dividend of $1.08 per share, equivalent to a 1.6% annual yield.
• Analyst sentiment remains mixed: Allstate has a consensus “Hold” rating and a $263.90 price target, while several firms maintain underperform or underweight ratings. Company insiders have also recently sold shares, including significant reductions by the COO and another insider.

Representative Michael A. Rulli (Republican-Ohio) recently sold shares of The Allstate Corporation NYSE: ALL. In a filing disclosed on September 02nd, the Representative disclosed that they had sold between $1,001 and $15,000 in Allstate stock on August 12th. The trade occurred in the Representative's "MERRILL LYNCH SIMPLE MANAGED ACCOUNT" account.

Representative Michael A. Rulli also recently made the following trade(s):

• Sold $50,001 - $100,000 in shares of Alphabet NASDAQ: GOOGL on 8/24/2026.
• Purchased $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 8/7/2026.
• Sold $1,001 - $15,000 in shares of Crown Castle NYSE: CCI on 8/6/2026.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 7/1/2026.
• Purchased $1,001 - $15,000 in shares of KLA NASDAQ: KLAC on 7/1/2026.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 6/29/2026.
• Purchased $1,001 - $15,000 in shares of Micron Technology NASDAQ: MU on 6/25/2026.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 6/25/2026.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 6/25/2026.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 6/25/2026.

Allstate Price Performance

ALL stock opened at $263.63 on Friday. The firm has a 50 day simple moving average of $256.51 and a two-hundred day simple moving average of $228.55. The stock has a market cap of $66.66 billion, a PE ratio of 5.26, a P/E/G ratio of 0.60 and a beta of 0.15. The Allstate Corporation has a one year low of $188.08 and a one year high of $277.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) 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 company had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same period in the previous year, the firm posted $5.94 EPS. The firm's revenue was up 11.8% compared to the same quarter last year. On average, analysts predict that The Allstate Corporation will post 34.78 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, August 31st will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.32 dividend on an annualized basis and a yield of 1.6%. Allstate's payout ratio is currently 8.63%.

Insiders Place Their Bets

In other Allstate news, COO Mario Rizzo sold 56,225 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer owned 82,227 shares in the company, valued at approximately $21,747,396.96. The trade was a 40.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Dugenske sold 32,996 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the transaction, the insider directly owned 13,054 shares of the company's stock, valued at approximately $3,515,833.82. This trade represents a 71.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on ALL. Wells Fargo & Company lowered Allstate from an "equal weight" rating to an "underweight" rating and lifted their price target for the stock from $243.00 to $250.00 in a research note on Friday, August 7th. Barclays boosted their target price on Allstate from $213.00 to $226.00 and gave the stock an "underweight" rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $250.00 target price (down from $255.00) on shares of Allstate in a research note on Thursday, August 20th. Evercore set a $240.00 price target on shares of Allstate in a research report on Friday, July 10th. Finally, Wall Street Zen raised shares of Allstate from a "hold" rating to a "buy" rating in a research note on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Allstate presently has a consensus rating of "Hold" and a consensus price target of $263.90.

Institutional Investors Weigh In On Allstate

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Financial Management LLC increased its stake in Allstate by 24.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 226 shares of the insurance provider's stock worth $54,000 after purchasing an additional 45 shares during the period. Advus Financial Partners LLC purchased a new position in shares of Allstate in the second quarter worth $351,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Allstate during the 2nd quarter valued at $57,962,000. California State Teachers Retirement System raised its holdings in Allstate by 24,845.7% during the 2nd quarter. California State Teachers Retirement System now owns 97,055,726 shares of the insurance provider's stock valued at $23,093,439,000 after buying an additional 96,666,658 shares during the last quarter. Finally, Ameritas Advisory Services LLC boosted its position in Allstate by 16.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 4,829 shares of the insurance provider's stock valued at $1,149,000 after buying an additional 695 shares during the period. Institutional investors own 76.47% of the company's stock.

About Representative Rulli

Michael Rulli (Republican Party) is a member of the U.S. House, representing Ohio's 6th Congressional District. He assumed office on June 25, 2024. His current term ends on January 3, 2027. Rulli (Republican Party) is running for re-election to the U.S. House to represent Ohio's 6th Congressional District. He declared candidacy for the 2026 election. Michael Rulli graduated from Poland Seminary High School. He earned a degree from Emerson College. Rulli's career experience includes working as the director of operations with Rulli Bros. Markets.

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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