61,418 Shares in The Allstate Corporation $ALL Purchased by Allworth Financial LP

Key Points

• Allworth Financial acquired 61,418 Allstate shares worth approximately $14.6 million in the second quarter. Institutional investors now own 76.47% of Allstate’s outstanding stock.
• Allstate reported quarterly earnings of $8.99 per share, well above the $6.06 consensus estimate, while revenue rose 11.8% year over year to $18.6 billion. The company also declared a quarterly dividend of $1.08 per share, yielding about 1.7% annually.
• The outlook is mixed: analysts have raised long-term earnings estimates, but $682 million in July catastrophe losses may pressure near-term results, and KBW maintained an “Underperform” rating while lowering its price target to $250.

Allworth Financial LP acquired a new position in The Allstate Corporation (NYSE:ALL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 61,418 shares of the insurance provider's stock, valued at approximately $14,614,000.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Allstate during the second quarter worth $5,439,448,000. Deutsche Bank AG bought a new position in shares of Allstate in the second quarter worth about $1,008,648,000. Norges Bank purchased a new position in Allstate in the 4th quarter worth about $531,294,000. Bank of New York Mellon Corp bought a new stake in Allstate during the 2nd quarter valued at about $425,484,000. Finally, GQG Partners LLC lifted its holdings in Allstate by 36.0% during the 4th 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. Institutional investors own 76.47% of the company's stock.

Key Stories Impacting 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

Allstate Stock Performance

Shares of Allstate stock opened at $254.29 on Friday. The Allstate Corporation has a one year low of $188.08 and a one year high of $277.22. The company has a 50-day simple moving average of $249.69 and a two-hundred day simple moving average of $224.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The company 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.

Allstate (NYSE:ALL - Get Free Report) last announced its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, beating 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 period last year, the firm earned $5.94 earnings per share. Allstate's revenue was up 11.8% compared to the same quarter last year. Research analysts expect that The Allstate Corporation will post 34.5 EPS 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 given a dividend of $1.08 per share. 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%.

Analysts Set New Price Targets

A number of brokerages have commented on ALL. Atlantic Securities set a $319.00 target price on shares of Allstate in a research note on Wednesday, July 15th. UBS Group lifted their price target on shares of Allstate from $261.00 to $275.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Wells Fargo & Company lowered Allstate from an "equal weight" rating to an "underweight" rating and boosted their price target for the company from $243.00 to $250.00 in a report on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on Allstate from $282.00 to $292.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Finally, Roth Capital set a $300.00 target price on Allstate in a research report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Allstate presently has a consensus rating of "Hold" and a consensus target price of $265.26.

Insider Activity

In related news, COO Mario Rizzo sold 56,225 shares of the stock in a transaction that occurred on 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. This represents a 40.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John E. Dugenske sold 32,996 shares of the firm's stock in a transaction on Friday, August 7th. The stock was 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 91,446 shares of company stock valued at $24,208,675 over the last ninety days. 1.55% of the stock is currently owned by insiders.

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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