AMG National Trust Bank Takes Position in The Allstate Corporation $ALL

Key Points

• AMG National Trust Bank purchased 8,658 Allstate shares during the second quarter, valued at approximately $2.06 million. Institutional investors collectively own 76.47% of Allstate’s outstanding stock.
• 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. Analysts’ average rating remains “Hold,” with an average price target of $265.53.
• Insiders sold nearly 93,000 shares worth approximately $24.5 million over the past 90 days, including a 56,225-share sale by COO Mario Rizzo. Allstate also declared a quarterly dividend of $1.08 per share, equivalent to a 1.7% annualized yield.

AMG National Trust Bank purchased a new position in The Allstate Corporation (NYSE:ALL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,658 shares of the insurance provider's stock, valued at approximately $2,060,000.

Several other hedge funds have also recently made changes to their positions in ALL. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Allstate by 5.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552,120 shares of the insurance provider's stock valued at $112,533,000 after acquiring an additional 26,586 shares during the period. Strategic Global Advisors LLC lifted its position in Allstate by 19.2% during the fourth quarter. Strategic Global Advisors LLC now owns 48,882 shares of the insurance provider's stock valued at $10,175,000 after purchasing an additional 7,870 shares in the last quarter. Elevation Point Wealth Partners LLC grew its holdings in Allstate by 130.9% during the first quarter. Elevation Point Wealth Partners LLC now owns 19,288 shares of the insurance provider's stock valued at $4,016,000 after purchasing an additional 10,936 shares during the period. CIBC Asset Management Inc increased its position in Allstate by 69.2% in the fourth quarter. CIBC Asset Management Inc now owns 63,011 shares of the insurance provider's stock worth $13,116,000 after buying an additional 25,764 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Allstate in the fourth quarter worth about $161,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allstate

In related news, COO Mario Rizzo sold 56,225 shares of the firm's stock in a transaction 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 completion of the transaction, the chief operating officer directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Q. Prindiville sold 1,550 shares of the business's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of the sale, the insider owned 27,558 shares in the company, valued at $5,959,968.66. This represents a 5.32% decrease in their position. The disclosure for this sale is available in the SEC filing. 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.

Analysts Set New Price Targets

Several research analysts have recently commented on ALL shares. Evercore set a $240.00 price objective on Allstate in a research note on Friday, July 10th. HSBC downgraded Allstate from a "buy" rating to a "hold" rating and boosted their price objective for the company from $244.00 to $264.00 in a research note on Monday, July 6th. JPMorgan Chase & Co. raised their target price on shares of Allstate from $282.00 to $292.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of Allstate from a "hold" rating to a "buy" rating in a report on Monday, July 20th. Finally, Raymond James Financial reiterated a "strong-buy" rating and issued a $315.00 price target on shares of Allstate in a research report on Tuesday, August 11th. Three investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $265.53.

Key Headlines Impacting 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 Stock Down 0.1%

ALL opened at $261.26 on Monday. The company has a market capitalization of $66.06 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 0.41 and a beta of 0.16. The firm has a 50-day simple moving average of $246.52 and a two-hundred day simple moving average of $223.02. 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 issued its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.06 by $2.93. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The firm had revenue of $15.43 billion for the quarter, compared to analysts' expectations of $15.46 billion. During the same period in the previous year, the firm posted $5.94 earnings per share. The business's revenue was up 11.8% compared to the same quarter last year. Analysts forecast that The Allstate Corporation will post 33.92 earnings per share for the current fiscal year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, August 31st will be paid a $1.08 dividend. 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 1.7%. Allstate's payout ratio is presently 8.63%.

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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