The Allstate Corporation $ALL Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. cut its Allstate stake by 14.4% in the third quarter, selling 24,488 shares; it retained 145,845 shares valued at about $32.5 million.
• Allstate reported quarterly EPS of $9.76, beating the $6.89 consensus, and revenue of $17.35 billion versus $15.87 billion expected. Catastrophe losses nevertheless weighed on net income, while rising auto loss costs pose a margin risk.
• Analyst sentiment was mixed, with MarketBeat reporting an average “Hold” rating and a $272 price target. Institutional investors collectively held 76.47% of the company’s shares.

Candriam S.C.A. lowered its position in shares of The Allstate Corporation (NYSE:ALL - Free Report) by 14.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 145,845 shares of the insurance provider's stock after selling 24,488 shares during the quarter. Candriam S.C.A. owned 0.06% of Allstate worth $32,475,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Allstate in the second quarter worth $5,439,448,000. Bank of America Corp DE boosted its position in shares of Allstate by 8.1% during the first quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider's stock worth $1,640,748,000 after purchasing an additional 596,321 shares in the last quarter. GQG Partners LLC acquired a new position in shares of Allstate in the 2nd quarter valued at $1,245,710,000. Deutsche Bank AG acquired a new position in shares of Allstate in the 2nd quarter valued at $1,008,648,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Allstate by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,804,615 shares of the insurance provider's stock valued at $581,515,000 after buying an additional 154,259 shares during the period. Institutional investors own 76.47% of the company's stock.

Allstate Stock Up 0.2%

Allstate stock opened at $255.27 on Monday. The company has a market cap of $63.17 billion, a P/E ratio of 5.78, a price-to-earnings-growth ratio of 0.56 and a beta of 0.13. The company has a fifty day simple moving average of $245.92 and a 200 day simple moving average of $229.83. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25. The Allstate Corporation has a 1-year low of $191.13 and a 1-year high of $281.11.

Allstate (NYSE:ALL - Get Free Report) last released its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $2.87. Allstate had a return on equity of 38.37% and a net margin of 16.57%. The business had revenue of $17.35 billion for the quarter, compared to analyst estimates of $15.87 billion. During the same quarter in the prior year, the company posted $11.17 earnings per share. Allstate's revenue was up .5% on a year-over-year basis. Research analysts anticipate that The Allstate Corporation will post 36.67 earnings per share for the current fiscal year.

Key Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Third-quarter EPS of $9.76 beat estimates by about 39%, with strength in Protection Services and investment income. Allstate also reported growth in insurance policies. Allstate Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Management highlighted plans to use AI to improve distribution, including a personal assistant targeted for early 2027—an opportunity to improve customer experience and efficiency. Allstate Q3 Earnings Call Highlights AI Expansion and Margin Focus
• Neutral Sentiment: Analyst views were mixed: Wells Fargo raised its target to $252 and kept an Equal Weight rating, while HSBC moved Allstate from Buy to Hold with a $271 target.
• Negative Sentiment: Catastrophe losses contributed to a roughly 45% year-over-year drop in third-quarter net income. Investors are also watching pressure on auto margins as underlying loss costs rise while average premiums fall. Allstate grows auto policies as loss costs rise
• Negative Sentiment: Some analysts remain bearish despite raising their targets: Citigroup maintained Sell at $225, and Barclays retained Underweight at $228. Both targets are below the share price referenced in the reports. Put-option volume also rose sharply, suggesting increased hedging or bearish positioning.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays raised their price objective on Allstate from $221.00 to $228.00 and gave the stock an "underweight" rating in a research note on Thursday. HSBC cut Allstate from a "buy" rating to a "hold" rating and set a $271.00 target price for the company. in a research note on Friday. BMO Capital Markets increased their price target on Allstate from $250.00 to $284.00 and gave the stock an "outperform" rating in a report on Thursday, August 13th. JPMorgan Chase & Co. raised their price target on Allstate from $282.00 to $292.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods cut their price objective on Allstate from $250.00 to $232.00 and set an "underperform" rating on the stock in a report on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $272.00.

Insider Buying and Selling

In other Allstate news, COO Mario Rizzo sold 56,225 shares of the 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 completion of the sale, the chief operating officer owned 82,227 shares in the company, valued at $21,747,396.96. This trade represents a 40.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.55% of the stock is currently owned by corporate insiders.

Allstate Company Profile

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance.

The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.

Founded in 1931 as part of Sears, Roebuck and Co, Allstate became an independent, publicly traded company in 1993.

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