241,483 Shares in The Allstate Corporation $ALL Purchased by NFJ Investment Group LLC

Key Points

• NFJ Investment Group acquired 241,483 Allstate shares worth approximately $57.5 million, making the insurer its 10th-largest holding and representing about 1.9% of its portfolio.
• Allstate reported stronger-than-expected quarterly results, with earnings of $8.99 per share and revenue of $18.60 billion, up 11.8% year over year. The company also declared a quarterly dividend of $1.08 per share, yielding approximately 1.7% annually.
• Allstate shares opened at $254.29, while analyst sentiment remained mixed: the consensus rating was “Hold” with an average price target of $265.26, and insiders sold more than $24.2 million of stock during the quarter.

NFJ Investment Group LLC acquired a new stake in The Allstate Corporation (NYSE:ALL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 241,483 shares of the insurance provider's stock, valued at approximately $57,458,000. Allstate comprises approximately 1.9% of NFJ Investment Group LLC's portfolio, making the stock its 10th largest position. NFJ Investment Group LLC owned 0.09% of Allstate as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Allstate by 60.2% in the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC acquired a new position in Allstate during the fourth quarter valued at approximately $231,000. WINTON GROUP Ltd purchased a new stake in Allstate during the 2nd quarter worth $210,000. Treasurer of the State of North Carolina boosted its position in shares of Allstate by 2.5% in the second quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider's stock worth $24,816,000 after buying an additional 3,051 shares during the period. Finally, Ieq Capital LLC lifted its position in Allstate by 20.1% during the 2nd quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider's stock worth $7,713,000 after acquiring an additional 6,412 shares in the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Trading Down 2.1%

ALL opened at $254.29 on Friday. The Allstate Corporation has a 12-month low of $188.08 and a 12-month 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. The stock has a market capitalization of $64.30 billion, a PE ratio of 5.08, a P/E/G ratio of 0.40 and a beta of 0.16. The firm's fifty day moving average price is $249.69 and its 200 day moving average price is $224.74.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $5.94 EPS. The company's revenue was up 11.8% on a year-over-year basis. As a group, research analysts expect that The Allstate Corporation will post 34.5 EPS for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors 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 of this dividend is Monday, August 31st. Allstate's payout ratio is currently 8.63%.

Insider Buying and Selling at Allstate

In other Allstate 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 transaction of $451,474.75. Following the sale, the director 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 filing with the SEC, which is available through this link. Also, COO Mario Rizzo sold 56,225 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total value of $14,870,388.00. Following the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $21,747,396.96. This represents a 40.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 91,446 shares of company stock worth $24,208,675 over the last quarter. 1.55% of the stock is owned by corporate insiders.

Trending Headlines about Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Long-term earnings estimates increased. Zacks Research raised its EPS forecasts for Q1 2027, Q4 2027, Q1 2028 and Q2 2028, while maintaining a “Strong-Buy” rating. The revisions suggest analysts expect Allstate’s underlying insurance profitability and earnings growth to remain strong. MarketBeat Allstate analyst estimates
• Positive Sentiment: Zacks upgraded Allstate from “Hold” to “Strong-Buy.” The upgrade reinforces the constructive view on the insurer’s valuation and earnings outlook, particularly following its recent quarterly performance, which exceeded consensus expectations. Zacks Allstate upgrade
• Neutral Sentiment: A customer complaint could create limited reputational risk. A Maple Heights homeowner alleged that Allstate would not pay to repair hail damage. The report concerns an individual claim and does not indicate a material financial impact, but insurance-claim disputes can attract negative attention. Maple Heights Allstate hail damage report
• Negative Sentiment: July catastrophe losses totaled $682 million before tax, or $539 million after tax. Allstate’s pre-tax catastrophe losses for the current aggregate year reached approximately $2.402 billion after July. The elevated claims burden may pressure near-term underwriting results and earnings, making this the most important negative catalyst. Allstate July 2026 monthly release
• Negative Sentiment: Keefe, Bruyette & Woods reaffirmed its “Underperform” rating and cut its price target to $250 from $255. The lower target reflects continued caution about Allstate’s near-term risk-reward profile, despite the company’s favorable longer-term earnings revisions. Benzinga Allstate analyst action

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. HSBC cut Allstate from a "buy" rating to a "hold" rating and upped their price target for the stock from $244.00 to $264.00 in a report on Monday, July 6th. Mizuho boosted their target price on shares of Allstate from $255.00 to $272.00 and gave the stock an "outperform" rating in a research report on Thursday, July 9th. Zacks Research upgraded shares of Allstate from a "hold" rating to a "strong-buy" rating in a research note on Monday. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and set a $250.00 price target (down from $255.00) on shares of Allstate in a research note on Thursday. Finally, Weiss Ratings upgraded shares of Allstate from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $265.26.

Allstate Company 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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