Summit Global Investments Invests $4.05 Million in The Allstate Corporation $ALL

Key Points

• Summit Global Investments acquired a new $4.05 million stake in Allstate during the second quarter, purchasing 17,019 shares. Institutional investors collectively own 76.47% of the insurer.
• 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 declared a quarterly dividend of $1.08 per share, equivalent to an annualized $4.32 payout and a 1.7% yield; analysts maintain a consensus “Hold” rating with a $265.53 price target.

Summit Global Investments acquired a new stake in The Allstate Corporation (NYSE:ALL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,019 shares of the insurance provider's stock, valued at approximately $4,050,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. MV Capital Management Inc. acquired a new position in Allstate during the 4th quarter valued at $25,000. Navalign LLC bought a new stake in Allstate in the 4th quarter valued at $27,000. Evolution Wealth Management Inc. grew its position in Allstate by 7,000.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider's stock worth $29,000 after purchasing an additional 140 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in Allstate during the second quarter worth about $29,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Allstate during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 76.47% of the company's stock.

Allstate Price Performance

NYSE:ALL opened at $261.26 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The firm has a market cap of $66.06 billion, a PE ratio of 5.22, a price-to-earnings-growth ratio of 0.40 and a beta of 0.16. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $277.22. The company's 50-day moving average price is $246.52 and its two-hundred day moving average price is $222.83.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $15.46 billion. During the same quarter last year, the business posted $5.94 earnings per share. The company's revenue was up 11.8% on a year-over-year basis. On average, equities analysts anticipate that The Allstate Corporation will post 33.92 EPS for the current fiscal year.

Allstate Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors 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 yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. Allstate's dividend payout ratio (DPR) is currently 8.63%.

Analyst Ratings Changes

ALL has been the subject of a number of analyst reports. Wall Street Zen raised shares of Allstate from a "hold" rating to a "buy" rating in a report on Monday, July 20th. Evercore set a $240.00 price target on shares of Allstate in a research report on Friday, July 10th. HSBC cut shares of Allstate from a "buy" rating to a "hold" rating and raised their price target for the stock from $244.00 to $264.00 in a research note on Monday, July 6th. Cantor Fitzgerald lifted their price objective on Allstate from $236.00 to $242.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Finally, Morgan Stanley set a $265.00 price objective on Allstate in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $265.53.

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 value of $451,474.75. Following the completion of the transaction, the director owned 2,225 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, COO Mario Rizzo sold 56,225 shares of the business's stock in a transaction on 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 approximately $21,747,396.96. This 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 92,996 shares of company stock valued at $24,543,894. Company insiders own 1.55% of the company's stock.

Trending Headlines about 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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