1ST Source Bank Invests $7.27 Million in The Allstate Corporation $ALL

Key Points

• 1ST Source Bank acquired a new $7.27 million position in Allstate during the second quarter, buying 30,553 shares. Institutional investors and hedge funds collectively own 76.47% of the insurer.
• Allstate reported a strong quarter, with EPS of $8.99 versus the $6.06 consensus estimate and revenue up 11.8% year over year to $15.43 billion. The company also declared a quarterly dividend of $1.08 per share, equating to a 1.7% yield.
• Analyst sentiment is mixed: Piper Sandler raised its target to $300 and rated the stock overweight, but the broader consensus remains “Hold” with a $265.53 price target. Meanwhile, insiders sold nearly $24.5 million of shares over the past 90 days.

1ST Source Bank bought a new position in shares of The Allstate Corporation (NYSE:ALL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,553 shares of the insurance provider's stock, valued at approximately $7,270,000.

Other large investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Allstate by 3.7% in the 4th quarter. State Street Corp now owns 12,297,551 shares of the insurance provider's stock valued at $2,571,600,000 after purchasing an additional 438,034 shares during the period. Bank of America Corp DE grew its position in Allstate by 8.1% during the first quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider's stock valued at $1,640,748,000 after buying an additional 596,321 shares during the period. GQG Partners LLC increased its holdings in Allstate by 36.0% in 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 buying an additional 1,452,993 shares in the last quarter. Franklin Resources Inc. raised 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 worth $1,042,321,000 after acquiring an additional 1,131,172 shares during the period. Finally, Boston Partners raised its position in shares of Allstate by 14.9% in the third quarter. Boston Partners now owns 3,050,780 shares of the insurance provider's stock worth $654,652,000 after acquiring an additional 395,195 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on ALL shares. Roth Capital set a $300.00 price objective on Allstate in a report on Thursday, August 6th. Wall Street Zen raised shares of Allstate from a "hold" rating to a "buy" rating in a research note on Monday, July 20th. Piper Sandler boosted their price target on shares of Allstate from $268.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Evercore set a $240.00 price objective on shares of Allstate in a research report on Friday, July 10th. Finally, Weiss Ratings raised shares of Allstate from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday, August 6th. Three equities 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $265.53.

Allstate Price Performance

Shares of NYSE ALL opened at $261.26 on Monday. The firm has a 50-day simple moving average of $246.52 and a 200-day simple moving average of $223.02. The stock has a market capitalization of $66.06 billion, a price-to-earnings ratio of 5.22, a price-to-earnings-growth ratio of 0.41 and a beta of 0.16. 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 52 week low of $188.08 and a 52 week high of $277.22.

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. The firm had revenue of $15.43 billion for the quarter, compared to analyst estimates of $15.46 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. Allstate's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $5.94 earnings per share. On average, equities analysts predict that The Allstate Corporation will post 33.92 earnings per share for the current fiscal year.

Allstate Announces Dividend

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

Insider Buying and Selling

In other Allstate news, Director Andrea Redmond sold 2,225 shares of Allstate stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the transaction, the director directly owned 2,225 shares of the company's stock, valued at $451,474.75. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 $21,747,396.96. The trade was a 40.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,996 shares of company stock valued at $24,543,894 over the last 90 days. Insiders own 1.55% of the company's stock.

Trending Headlines about Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Analyst earnings estimates were raised. Dowling & Partners increased its FY2026 EPS estimate for Allstate to $35.50 from $30.50, reinforcing expectations for continued profitability. FY2026 EPS estimates article
• Positive Sentiment: JPMorgan reportedly expects further upside. The analyst maintained an overweight rating and raised its price target to $292 from $282, supporting the bullish case following Allstate’s recent earnings beat. JPMorgan analyst article
• Positive Sentiment: Allstate is investing in quantum computing. CEO Tom Wilson said the insurer plans to expand its current 10-person quantum team so it can build expertise and potentially gain a competitive advantage as the technology matures. The investment is strategically positive, although financial benefits are likely long term. Allstate quantum computing article
• Positive Sentiment: Claims operations are receiving additional investment. Allstate opened a 33,000-square-foot training campus in Dallas for its 23,000 claims professionals. Improved claims accuracy and customer service could support retention and operating efficiency. Allstate Claims University announcement
• Neutral Sentiment: Recent earnings remain a major backdrop. Allstate’s latest quarter produced $8.99 in EPS versus the $6.06 consensus estimate, while revenue rose 11.8% year over year to $15.43 billion. However, the stock is trading near its 52-week high, increasing sensitivity to any signs that profitability may moderate.
• Negative Sentiment: Insiders sold substantial holdings. COO Mario Rizzo sold 56,225 shares for approximately $14.9 million, reducing his direct position by 40.6%. Separate reports also disclosed a sizable sale by John Dugenske, potentially weighing on investor sentiment. Allstate insider sales article
• Negative Sentiment: Allstate lost an Ontario coverage challenge. Definity prevailed in court over Allstate’s excluded-driver coverage position, creating a potential legal and claims-related concern in the Canadian market. Ontario court coverage challenge article
• Negative Sentiment: Valuation concerns remain. One analysis argues Allstate’s share price assumes a 94.1% combined ratio that the company has never sustained, raising questions about whether its recent operating returns can persist.

Allstate Profile

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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