Commerce Bank Purchases Shares of 51,206 The Allstate Corporation $ALL

Key Points

• Commerce Bank acquired 51,206 Allstate shares in the second quarter, valued at approximately $12.2 million. Institutional investors collectively own 76.47% of the company.
• Allstate reported quarterly earnings of $8.99 per share, beating estimates of $6.06, while revenue rose 11.8% year over year to $18.6 billion.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $265.26 price target. Allstate also declared a quarterly dividend of $1.08 per share, equivalent to a 1.7% yield.

Commerce Bank acquired 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 filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,206 shares of the insurance provider's stock, valued at approximately $12,184,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gables Capital Management Inc. bought a new stake in shares of Allstate during the second quarter valued at approximately $26,000. Allied Private Wealth LLC bought a new position in shares of Allstate in the 2nd quarter worth $29,000. Kelleher Financial Advisors acquired a new stake in Allstate in the 2nd quarter valued at $28,000. MV Capital Management Inc. bought a new stake in Allstate during the 4th quarter valued at $25,000. Finally, Navalign LLC acquired a new position in Allstate during the fourth quarter worth $27,000. Institutional investors own 76.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ALL shares. Zacks Research raised shares of Allstate from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Roth Capital set a $300.00 price objective on Allstate in a report on Thursday, August 6th. Raymond James Financial reissued a "strong-buy" rating and issued a $315.00 price objective on shares of Allstate in a research note on Tuesday, August 11th. The Goldman Sachs Group restated a "neutral" rating and issued a $280.00 target price on shares of Allstate in a report on Friday, August 7th. Finally, UBS Group lifted their target price on Allstate from $261.00 to $275.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Four analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $265.26.

Insider Activity at Allstate

In other Allstate news, insider John E. Dugenske sold 32,996 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $269.33, for a total value of $8,886,812.68. Following the sale, the insider directly owned 13,054 shares in the company, valued at $3,515,833.82. The trade was a 71.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Mario Rizzo sold 56,225 shares of the company'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 transaction, the chief operating officer directly owned 82,227 shares in the company, valued at $21,747,396.96. This represents a 40.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 91,446 shares of company stock worth $24,208,675. Insiders own 1.55% of the company's stock.

Allstate Stock Performance

NYSE ALL opened at $253.82 on Monday. The company has a market capitalization of $64.18 billion, a PE ratio of 5.07, a price-to-earnings-growth ratio of 0.39 and a beta of 0.16. 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 Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $277.22. The company has a 50-day simple moving average of $250.34 and a 200 day simple moving average of $225.12.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, beating analysts' consensus estimates of $6.06 by $2.93. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm had revenue of $18.60 billion for the quarter, compared to analysts' expectations of $15.46 billion. During the same period in the previous year, the company earned $5.94 earnings per share. The company's quarterly revenue was up 11.8% on a year-over-year basis. On average, research analysts predict that The Allstate Corporation will post 34.45 EPS for the current year.

Allstate Dividend Announcement

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. The ex-dividend date is Monday, August 31st. This represents a $4.32 annualized dividend and a yield of 1.7%. Allstate's dividend payout ratio is presently 8.63%.

Key Stories Impacting Allstate

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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