Korea Investment CORP Takes Position in The Allstate Corporation $ALL

Key Points

• Korea Investment CORP purchased 91,375 Allstate shares in the second quarter, valued at approximately $21.7 million. Institutional investors collectively own 76.47% of the insurer.
• Allstate reported strong quarterly results, with earnings of $8.99 per share versus the $6.06 consensus estimate and revenue of $18.60 billion, up 11.8% year over year.
• Insiders sold 91,446 shares worth approximately $24.2 million over the past 90 days, while the company declared a quarterly dividend of $1.08 per share, equivalent to a 1.7% yield.

Korea Investment CORP purchased a new position in shares of The Allstate Corporation (NYSE:ALL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 91,375 shares of the insurance provider's stock, valued at approximately $21,742,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. acquired a new position in Allstate during the second quarter worth about $5,439,448,000. State Street Corp lifted its holdings in shares of Allstate by 3.7% in the fourth quarter. State Street Corp now owns 12,297,551 shares of the insurance provider's stock worth $2,571,600,000 after acquiring an additional 438,034 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Allstate by 8.1% in the 1st quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider's stock valued at $1,640,748,000 after purchasing an additional 596,321 shares in the last quarter. GQG Partners LLC boosted its stake in shares of Allstate by 36.0% in the 4th quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider's stock valued at $1,142,449,000 after purchasing an additional 1,452,993 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Allstate by 29.2% during the 4th quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider's stock valued at $1,042,321,000 after purchasing an additional 1,131,172 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Mario Rizzo sold 56,225 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $21,747,396.96. This trade represents a 40.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John E. Dugenske sold 32,996 shares of Allstate stock in a transaction dated 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 transaction, 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 SEC filing for this sale provides additional information. Insiders have sold a total of 91,446 shares of company stock valued at $24,208,675 over the last 90 days. 1.55% of the stock is owned by insiders.

Allstate Stock Down 0.0%

Shares of NYSE ALL opened at $253.82 on Monday. The company has a 50 day simple moving average of $250.34 and a 200 day simple moving average of $225.12. The firm has a market cap 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 Allstate Corporation has a 1 year low of $188.08 and a 1 year high of $277.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS 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 business had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $15.46 billion. During the same period last year, the company earned $5.94 EPS. The firm's revenue was up 11.8% compared to the same quarter last year. On average, research analysts forecast that The Allstate Corporation will post 34.45 EPS for the current year.

Allstate Dividend Announcement

The firm 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 dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate's payout ratio is 8.63%.

Analyst Ratings Changes

A number of research firms recently issued reports on ALL. Piper Sandler upped their price objective on shares of Allstate from $268.00 to $300.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Citigroup cut shares of Allstate from a "neutral" rating to a "sell" rating and boosted their target price for the stock from $226.00 to $240.00 in a research note on Tuesday, August 11th. Roth Capital set a $300.00 price target on shares of Allstate in a report on Thursday, August 6th. Zacks Research upgraded Allstate from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 17th. Finally, Atlantic Securities set a $319.00 price objective on Allstate in a report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Allstate has an average rating of "Hold" and an average target price of $265.26.

Trending Headlines about 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

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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