Northwestern Mutual Wealth Management Co. Takes $13.06 Million Position in The Allstate Corporation $ALL

Key Points

• Northwestern Mutual Wealth Management acquired 54,895 Allstate shares worth approximately $13.06 million, while institutional investors collectively own 76.47% of the insurer.
• Analyst sentiment remains mixed: Allstate has a consensus rating of “Hold” and an average price target of $265.26, despite upgrades from some firms and a downgrade from Keefe, Bruyette & Woods.
• Allstate reported strong quarterly results, with EPS of $8.99 versus the $6.06 estimate and revenue of $18.60 billion. The company also declared a $1.08 quarterly dividend, equivalent to a 1.7% yield.

Northwestern Mutual Wealth Management Co. 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 54,895 shares of the insurance provider's stock, valued at approximately $13,062,000.

Several other large investors also recently bought and sold shares of the business. Coldstream Capital Management Inc. lifted its stake in Allstate by 0.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider's stock valued at $1,625,000 after acquiring an additional 50 shares during the period. Compound Planning Inc. grew its stake in shares of Allstate by 1.6% in the fourth quarter. Compound Planning Inc. now owns 3,216 shares of the insurance provider's stock worth $669,000 after acquiring an additional 50 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of Allstate by 0.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider's stock valued at $1,210,000 after purchasing an additional 52 shares during the last quarter. Root Financial Partners LLC raised its holdings in shares of Allstate by 4.7% during the first quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider's stock valued at $243,000 after purchasing an additional 53 shares during the last quarter. Finally, Montag A & Associates Inc. lifted its position in Allstate by 10.2% during the fourth quarter. Montag A & Associates Inc. now owns 596 shares of the insurance provider's stock valued at $125,000 after purchasing an additional 55 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALL has been the topic of several research reports. Evercore set a $240.00 target price on shares of Allstate in a report on Friday, July 10th. The Goldman Sachs Group reiterated a "neutral" rating and set a $280.00 target price on shares of Allstate in a research note on Friday, August 7th. Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a report on Monday, July 20th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $250.00 price objective (down from $255.00) on shares of Allstate in a report on Thursday. Finally, Weiss Ratings upgraded Allstate from a "buy (a-)" rating to a "buy (a)" rating in a research report on Thursday, August 6th. Four equities research 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 given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $265.26.

Insider Buying and Selling at Allstate

In other Allstate news, Director Andrea Redmond sold 2,225 shares of the company's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $202.91, for a total value of $451,474.75. Following the completion of the sale, the director 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 SEC, which is available through this hyperlink. 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 value 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 $21,747,396.96. This trade represents a 40.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 91,446 shares of company stock valued at $24,208,675. Company insiders own 1.55% of the company's stock.

More Allstate News

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 Stock Down 0.3%

ALL opened at $253.82 on Friday. The firm's 50 day simple moving average is $250.34 and its two-hundred day simple moving average is $224.95. The company has a market capitalization of $64.18 billion, a PE ratio of 5.07, a PEG 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 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 issued its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.06 by $2.93. The firm had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $15.46 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.94 EPS. As a group, equities analysts forecast that The Allstate Corporation will post 34.45 EPS for the current year.

Allstate Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, August 31st will be issued a dividend of $1.08 per share. 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 payout ratio is currently 8.63%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source