Barden Capital Management Inc. Purchases New Position in The Allstate Corporation $ALL

Key Points

• Barden Capital Management acquired 5,523 Allstate shares worth approximately $1.31 million during the second quarter, making Allstate its 18th-largest holding. Institutional investors collectively own 76.47% of the company.
• Allstate reported quarterly EPS of $8.99, well above the $6.06 consensus estimate, while revenue increased 11.8% year over year to $15.43 billion. The company also declared a quarterly dividend of $1.08 per share, representing a 1.7% yield.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $265.53. Meanwhile, insiders sold nearly 93,000 shares worth about $24.5 million over the past 90 days.

Barden Capital Management Inc. acquired a new stake in shares of The Allstate Corporation (NYSE:ALL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,523 shares of the insurance provider's stock, valued at approximately $1,314,000. Allstate comprises about 1.2% of Barden Capital Management Inc.'s holdings, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. MV Capital Management Inc. bought a new position in Allstate in the fourth quarter valued at about $25,000. Navalign LLC bought a new stake in shares of Allstate during the 4th quarter valued at about $27,000. Kelleher Financial Advisors bought a new stake in shares of Allstate during the 2nd quarter valued at about $28,000. Evolution Wealth Management Inc. increased its position in shares of Allstate by 7,000.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. Finally, Allied Private Wealth LLC bought a new position in shares of Allstate in the 2nd quarter worth approximately $29,000. Institutional investors own 76.47% of the company's stock.

Insiders Place Their Bets

In other Allstate news, Director Andrea Redmond sold 2,225 shares of Allstate stock in a transaction on Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the sale, the director directly owned 2,225 shares of the company's stock, valued at $451,474.75. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark Q. Prindiville sold 1,550 shares of Allstate stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $216.27, for a total value of $335,218.50. Following the completion of the sale, the insider owned 27,558 shares of the company's stock, valued at $5,959,968.66. The trade was a 5.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 92,996 shares of company stock worth $24,543,894. Corporate insiders own 1.55% of the company's stock.

Analyst Ratings Changes

ALL has been the subject of a number of recent research reports. Citigroup downgraded shares of Allstate from a "neutral" rating to a "sell" rating and boosted their price objective for the company from $226.00 to $240.00 in a research report on Tuesday, August 11th. Weiss Ratings raised Allstate from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday, August 6th. Roth Capital set a $300.00 price target on Allstate in a report on Thursday, August 6th. Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a report on Monday, July 20th. Finally, Keefe, Bruyette & Woods upped their price target on Allstate from $242.00 to $255.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $265.53.

Allstate Price Performance

NYSE:ALL opened at $261.26 on Monday. The business's 50-day moving average is $246.52 and its 200 day moving average is $223.02. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $277.22. The company has a market capitalization of $66.06 billion, a P/E ratio of 5.22, a P/E/G ratio of 0.41 and a beta of 0.16. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, topping 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 $15.43 billion for the quarter, compared to analysts' expectations of $15.46 billion. During the same quarter in the previous year, the business posted $5.94 earnings per share. Allstate's quarterly revenue was up 11.8% on a year-over-year basis. On average, equities research analysts forecast that The Allstate Corporation will post 33.92 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm 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 dividend yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate's payout ratio is 8.63%.

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.

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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