Bank of New York Mellon Corp Takes $425.48 Million Position in The Allstate Corporation $ALL

Key Points

• Bank of New York Mellon purchased 1.79 million Allstate shares worth approximately $425.5 million, giving it a 0.69% stake. Institutional investors collectively own 76.47% of the insurer.
• Allstate significantly exceeded quarterly expectations, reporting $8.99 earnings per share versus the $6.06 consensus and $18.60 billion in revenue, up 11.8% year over year. The company also declared a quarterly dividend of $1.08 per share.
• Insiders sold approximately 91,446 shares worth $24.2 million over the past 90 days, while analysts maintained a mixed outlook with a consensus “Hold” rating and a $265.26 price target.

Bank of New York Mellon Corp bought a new stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,788,200 shares of the insurance provider's stock, valued at approximately $425,484,000. Bank of New York Mellon Corp owned about 0.69% of Allstate as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. State of Wyoming purchased a new position in Allstate during the second quarter worth about $962,000. ABN AMRO Bank N.V. bought a new position in shares of Allstate during the 2nd quarter worth approximately $4,694,000. Kelleher Financial Advisors purchased a new position in shares of Allstate in the 2nd quarter worth approximately $28,000. GSA Capital Partners LLP bought a new position in shares of Allstate in the second quarter valued at approximately $2,782,000. Finally, Pacific Sage Partners LLC bought a new position in shares of Allstate in the second quarter valued at approximately $242,000. Institutional investors own 76.47% of the company's stock.

Insider Transactions at Allstate

In related news, COO Mario Rizzo sold 56,225 shares of the company's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction 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 represents a 40.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John E. Dugenske sold 32,996 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the transaction, the insider owned 13,054 shares of the company's stock, valued at $3,515,833.82. This trade represents a 71.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 91,446 shares of company stock valued at $24,208,675. 1.55% of the stock is currently owned by corporate insiders.

Allstate Stock Performance

NYSE ALL opened at $253.82 on Friday. The company's 50 day moving average is $250.34 and its 200-day moving average is $224.95. 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 12-month low of $188.08 and a 12-month high of $277.22. The firm has a market cap of $64.18 billion, a P/E ratio of 5.07, a price-to-earnings-growth ratio of 0.39 and a beta of 0.16.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, topping analysts' consensus estimates 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 $18.60 billion during the quarter, compared to analyst estimates of $15.46 billion. During the same period last year, the company earned $5.94 earnings per share. The business's revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts predict that The Allstate Corporation will post 34.45 earnings per share for the current year.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. Allstate's dividend payout ratio is presently 8.63%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ALL. Morgan Stanley set a $265.00 price target on Allstate in a report on Tuesday, August 11th. Cantor Fitzgerald upped their price objective on Allstate from $236.00 to $242.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $280.00 target price on shares of Allstate in a research report on Friday, August 7th. HSBC cut Allstate from a "buy" rating to a "hold" rating and lifted their target price for the stock from $244.00 to $264.00 in a research note on Monday, July 6th. Finally, Mizuho increased their price target on shares of Allstate from $255.00 to $272.00 and gave the company an "outperform" rating in a research report on Thursday, July 9th. 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Allstate currently has an average rating of "Hold" and a consensus target price of $265.26.

Allstate News Roundup

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Zacks Research raised several Allstate EPS forecasts, including estimates for Q3 2026, FY2027, FY2028, Q1 2027, Q4 2027 and Q2 2028. Zacks maintains a “Strong-Buy” rating, supporting the view that underwriting performance and earnings power may remain resilient. Allstate earnings estimates
• Positive Sentiment: A Zacks screen identified ALL as a high-return-on-equity, cash-rich stock that could appeal to investors seeking quality and financial strength during volatile markets. High-ROE stocks article
• Neutral Sentiment: Allstate opened a new Dallas auto laboratory to train claims adjusters on increasingly complex vehicle technology. The initiative could improve claims accuracy and customer service over time, but it is unlikely to materially affect near-term earnings. Allstate Dallas auto lab
• Negative Sentiment: Keefe, Bruyette & Woods downgraded ALL from “hold” to “moderate sell,” adding to investor caution around the stock’s valuation and outlook. Allstate analyst downgrade
• Negative Sentiment: Allstate estimated July catastrophe losses of $682 million pretax, or $539 million after tax. The losses bring pretax catastrophe costs for the current aggregate year to approximately $2.402 billion, creating pressure on underwriting margins and near-term earnings. Allstate July 2026 monthly release
• Negative Sentiment: Zacks Research lowered its Q2 2027 and Q4 2026 EPS estimates, indicating that analysts still see some periods of earnings pressure despite upward revisions elsewhere. Allstate earnings estimates

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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