Nykredit A S Takes Position in The Allstate Corporation $ALL

Key Points

• Nykredit A/S purchased 77,052 Allstate shares worth approximately $18.3 million in the second quarter, contributing to the company’s 76.47% institutional ownership.
• Allstate reported strong quarterly results, with $8.99 in EPS and $18.6 billion in revenue, exceeding analyst estimates; it also announced a $1.08 quarterly dividend, yielding about 1.7% annually.
• Despite potential growth from a limited California homeowners-policy rollout, Allstate faces elevated catastrophe losses of approximately $3.15 billion pretax for the year. Analysts remain cautious, with the stock carrying a consensus “Hold” rating and a $266.89 target price.

Nykredit A S purchased a new position in shares of The Allstate Corporation (NYSE:ALL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 77,052 shares of the insurance provider's stock, valued at approximately $18,334,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Global Advisors LLC bought a new position in Allstate in the 2nd quarter valued at about $11,680,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Allstate during the 2nd quarter worth about $6,861,000. Elevation Point Wealth Partners LLC lifted its stake in shares of Allstate by 130.9% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 19,288 shares of the insurance provider's stock worth $4,016,000 after acquiring an additional 10,936 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Allstate by 69.2% in the fourth quarter. CIBC Asset Management Inc now owns 63,011 shares of the insurance provider's stock valued at $13,116,000 after acquiring an additional 25,764 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Allstate by 8.1% in the first 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 acquiring an additional 596,321 shares in the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Allstate and State Farm have filed plans for a limited rollout of new California homeowners policies, signaling potential progress toward resuming growth in a market where insurers had restricted new business. Allstate, State Farm seek limited rollout of new California home insurance policies
• Neutral Sentiment: Zacks Research downgraded Allstate from “Strong Buy” to “Hold,” reflecting a more cautious view of the stock. The firm’s full-year earnings outlook remains $35.50 per share, but its estimates for several future quarters and fiscal years were trimmed slightly. Zacks downgrade of Allstate
• Negative Sentiment: Allstate estimated August catastrophe losses at $748 million pretax, or $591 million after tax. The company’s current aggregate catastrophe losses for the year have reached approximately $3.15 billion pretax, raising concerns about claims costs, margins and near-term earnings volatility. August 2026 Monthly Release
• Negative Sentiment: Zacks reduced EPS forecasts across multiple periods, including Q3 2026 to $6.46 from $6.47, FY2027 to $27.43 from $27.46 and FY2028 to $24.42 from $24.46. Although the cuts were small, the broad pattern reinforces concerns about earnings pressure.
• Negative Sentiment: A lawsuit alleges that Allstate arranged a rental vehicle but later refused to pay the rental company’s own rate, adding a legal and reputational overhang to the company’s insurance operations. Allstate rental car lawsuit

Allstate Stock Down 0.9%

ALL stock opened at $249.93 on Friday. The firm has a market cap of $63.20 billion, a PE ratio of 4.99, a P/E/G ratio of 0.56 and a beta of 0.15. The Allstate Corporation has a 12 month low of $188.08 and a 12 month 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. The firm has a 50 day simple moving average of $258.35 and a 200 day simple moving average of $231.93.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, beating 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 company had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter in the prior year, the firm earned $5.94 EPS. The company's quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts forecast that The Allstate Corporation will post 35.48 earnings per share for the current fiscal year.

Allstate Dividend Announcement

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

Wall Street Analysts Forecast Growth

ALL has been the topic of several recent analyst reports. Wells Fargo & Company cut Allstate from an "equal weight" rating to an "underweight" rating and boosted their target price for the stock from $243.00 to $250.00 in a report on Friday, August 7th. Piper Sandler lifted their price target on Allstate from $268.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. 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. Morgan Stanley set a $265.00 price objective on Allstate in a report on Tuesday, August 11th. Finally, Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a research note on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $266.89.

Insider Activity

In other news, COO Mario Rizzo sold 56,225 shares of Allstate stock in a transaction that occurred 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 of the company's stock, valued at $21,747,396.96. This trade represents a 40.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Dugenske sold 32,996 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider owned 13,054 shares of the company's stock, valued at approximately $3,515,833.82. This trade represents a 71.65% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.55% of the company's stock.

Allstate Company Profile

Allstate Corporation is an insurance and protection-services company headquartered in Northbrook, Illinois. Through its Allstate and National General brands, the company primarily provides property and casualty insurance to individuals and businesses in the United States.

Its products include automobile, homeowners, renters, condominium, landlord, motorcycle and recreational-vehicle insurance, along with other personal and commercial coverage. Allstate also offers roadside assistance, identity protection and related protection services through its various businesses and distribution channels, including agents, brokers and digital platforms.

Allstate's roots date to 1931, when the Allstate Insurance Company was established as a subsidiary of Sears, Roebuck & Co The company became independent from Sears in the 1990s.

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