45,681 Shares of The Allstate Corporation $ALL Bought by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management established a new Allstate position, buying 45,681 shares worth approximately $10.3 million in the third quarter. Institutional investors collectively own 76.47% of the company’s stock.
• Allstate reported quarterly earnings of $9.76 per share, beating the $6.89 consensus estimate, and revenue of $17.35 billion, above expectations. However, earnings were down from $11.17 per share in the year-earlier quarter.
• Analyst sentiment is mixed: MarketBeat reports a consensus rating of Hold and an average price target of $270.52. The article also notes that Allstate’s COO sold 56,225 shares in August.

Rakuten Investment Management Inc. bought a new stake in The Allstate Corporation (NYSE:ALL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 45,681 shares of the insurance provider's stock, valued at approximately $10,297,000.

Other large investors have also modified their holdings of the company. Provenance Wealth Advisors LLC raised its stake in Allstate by 20.2% during the third quarter. Provenance Wealth Advisors LLC now owns 2,056 shares of the insurance provider's stock valued at $456,000 after buying an additional 346 shares in the last quarter. Associated Banc Corp bought a new position in Allstate during the 3rd quarter worth approximately $19,346,000. Integrity Advisory Solutions LLC grew its position in shares of Allstate by 17.9% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 1,068 shares of the insurance provider's stock worth $237,000 after acquiring an additional 162 shares in the last quarter. Summit Wealth Group LLC Co. grew its position in shares of Allstate by 28.0% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 1,987 shares of the insurance provider's stock worth $441,000 after acquiring an additional 435 shares in the last quarter. Finally, Providence Wealth Advisors LLC grew its position in shares of Allstate by 0.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 13,887 shares of the insurance provider's stock worth $3,107,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 76.47% of the company's stock.

Allstate Stock Performance

Shares of NYSE ALL opened at $267.51 on Friday. 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 firm's 50-day moving average price is $245.96 and its two-hundred day moving average price is $229.53. The Allstate Corporation has a 52-week low of $191.13 and a 52-week high of $281.11. The stock has a market capitalization of $67.64 billion, a P/E ratio of 6.16, a P/E/G ratio of 0.59 and a beta of 0.13.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, beating the consensus estimate of $6.89 by $2.87. The company had revenue of $17.35 billion during the quarter, compared to analyst estimates of $15.87 billion. Allstate had a return on equity of 38.48% and a net margin of 16.57%. The business's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $11.17 earnings per share. As a group, sell-side analysts forecast that The Allstate Corporation will post 36.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ALL. Atlantic Securities set a $319.00 price target on Allstate in a report on Wednesday, July 15th. Weiss Ratings upgraded Allstate from a "buy (a)" rating to a "buy (a+)" rating in a research note on Thursday, October 29th. Wells Fargo & Company raised shares of Allstate from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $250.00 to $236.00 in a report on Monday, October 12th. Piper Sandler reaffirmed an "overweight" rating on shares of Allstate in a report on Monday, September 28th. Finally, Morgan Stanley lowered their target price on shares of Allstate from $265.00 to $240.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $270.52.

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 stock was 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 approximately $21,747,396.96. This trade represents a 40.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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: Q3 earnings of $9.76 per share topped analyst estimates of roughly $7, while adjusted net income reached $2.5 billion. Growth in Protection Services and higher investment income helped drive the beat. Allstate Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Auto policies grew 3.4%, indicating customer and policy-count momentum. Allstate also signaled plans to launch a personal AI agentic assistant in early 2027, which could support customer service and operating efficiency over time. Allstate grows auto policies 3.4% Allstate signals early 2027 launch of personal agentic assistant
• Neutral Sentiment: Barclays raised its price target from $221 to $228 but maintained an “underweight” rating, signaling continued caution despite the higher target. Barclays stock recommendations
• Negative Sentiment: Catastrophe losses contributed to a roughly 45% year-over-year decline in reported net income, and underlying loss costs are rising even as average premiums fall. These trends could pressure underwriting margins; earnings were also below the year-ago level of $11.17 per share. Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses
• Negative Sentiment: Investors bought substantially more put options than usual, suggesting increased demand for downside protection, though options activity alone does not establish a market direction. Allstate trading information

Allstate Profile

Allstate Corp. NYSE: ALL is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.

The company also provides roadside assistance, identity-protection services and protection plans for consumer products. Through its acquisition of National General, Allstate expanded its presence in independent-agent distribution and specialty personal insurance.

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