B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 41,707 shares of the insurance provider's stock, valued at approximately $9,924,000.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Allstate during the 2nd quarter valued at approximately $5,439,448,000. Deutsche Bank AG purchased a new stake in Allstate during the second quarter worth $1,008,648,000. Norges Bank purchased a new stake in Allstate during the fourth quarter worth $531,294,000. Bank of New York Mellon Corp acquired a new stake in Allstate during the second quarter valued at $425,484,000. Finally, GQG Partners LLC grew its position in Allstate by 36.0% during 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 during the period. Institutional investors and hedge funds own 76.47% of the company's stock.
Wall Street Analyst Weigh In
ALL has been the subject of a number of analyst reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $280.00 price objective on shares of Allstate in a research report on Friday, August 7th. Wall Street Zen upgraded Allstate from a "hold" rating to a "buy" rating in a research report on Monday, July 20th. Citigroup lowered Allstate from a "neutral" rating to a "sell" rating and lifted their price target for the company from $226.00 to $240.00 in a research note on Tuesday, August 11th. Zacks Research raised Allstate from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, Barclays increased their price target on Allstate from $213.00 to $226.00 and gave the stock an "underweight" rating in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $265.26.
Read Our Latest Report on ALL
Allstate Stock Down 2.1%
ALL stock opened at $254.29 on Friday. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $277.22. 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 has a 50-day simple moving average of $249.69 and a 200-day simple moving average of $224.74. The stock has a market capitalization of $64.30 billion, a P/E 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 posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, topping the consensus estimate of $6.06 by $2.93. The company had revenue of $18.60 billion during the quarter, compared to analyst estimates of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%.Allstate's quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned $5.94 EPS. Equities analysts forecast that The Allstate Corporation will post 34.5 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. Investors of record on Monday, August 31st will be paid 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 dividend payout ratio is currently 8.63%.
Allstate News Roundup
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
Insider Activity at Allstate
In other news, Director Andrea Redmond sold 2,225 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $202.91, for a total value of $451,474.75. Following the completion of the sale, the director directly 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 Securities & Exchange Commission, which is available at this link. Also, COO Mario Rizzo sold 56,225 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was 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 directly owned 82,227 shares in the company, valued at approximately $21,747,396.96. This represents a 40.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 91,446 shares of company stock valued at $24,208,675. 1.55% of the stock is owned by insiders.
About Allstate
(
Free Report)
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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