The Allstate Corporation $ALL Stock Acquired by Alps Advisors Inc.

Key Points

• Alps Advisors increased its Allstate stake by 22.2% in the third quarter, adding 6,296 shares to hold 34,601 shares valued at about $7.7 million. Institutional investors own 76.47% of the stock.
• Allstate reported quarterly EPS of $9.76, beating estimates of $6.89, and revenue of $17.35 billion, above expectations. However, catastrophe losses helped drive net income down roughly 45% year over year, while rising auto loss costs and falling average premiums remain concerns.
• Analyst opinions are mixed, with a consensus “Hold” rating and an average price target of $272. Some analysts remain bearish, and Allstate’s COO sold 56,225 shares, reducing his direct ownership by 40.6%.

Alps Advisors Inc. boosted its position in The Allstate Corporation (NYSE:ALL - Free Report) by 22.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,601 shares of the insurance provider's stock after purchasing an additional 6,296 shares during the period. Alps Advisors Inc.'s holdings in Allstate were worth $7,677,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kendall Capital Management boosted its stake in shares of Allstate by 2.4% during the 3rd quarter. Kendall Capital Management now owns 1,730 shares of the insurance provider's stock worth $384,000 after acquiring an additional 40 shares during the last quarter. Insight Inv LLC grew its position in shares of Allstate by 0.3% during the 3rd quarter. Insight Inv LLC now owns 13,682 shares of the insurance provider's stock valued at $3,035,000 after acquiring an additional 44 shares during the period. Cornerstone Financial Management LLC increased its stake in shares of Allstate by 24.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 226 shares of the insurance provider's stock worth $54,000 after purchasing an additional 45 shares in the last quarter. Capital Advisors Inc. OK increased its stake in shares of Allstate by 2.6% in the 2nd quarter. Capital Advisors Inc. OK now owns 1,827 shares of the insurance provider's stock worth $435,000 after purchasing an additional 46 shares in the last quarter. Finally, Providence Wealth Advisors LLC raised its holdings in Allstate by 0.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 13,887 shares of the insurance provider's stock worth $3,107,000 after purchasing an additional 46 shares during the period. 76.47% of the stock is currently owned by institutional investors.

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.

Insider Activity at Allstate

In related news, COO Mario Rizzo sold 56,225 shares of the business'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 sale, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $21,747,396.96. The trade was a 40.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.55% of the company's stock.

Allstate Trading Down 4.3%

Allstate stock opened at $255.27 on Friday. The Allstate Corporation has a 1 year low of $191.13 and a 1 year high of $281.11. The firm's 50 day moving average price is $245.92 and its 200-day moving average price is $229.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.37 and a quick ratio of 0.36. The stock has a market cap of $64.55 billion, a P/E ratio of 5.78, a PEG ratio of 0.56 and a beta of 0.13.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Piper Sandler reaffirmed an "overweight" rating on shares of Allstate in a research report on Monday, September 28th. Raymond James Financial reiterated a "strong-buy" rating and set a $315.00 price objective (up from $300.00) on shares of Allstate in a research note on Tuesday, August 11th. JPMorgan Chase & Co. increased their target price on shares of Allstate from $282.00 to $292.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. Wells Fargo & Company raised their target price on shares of Allstate from $236.00 to $252.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Barclays raised their target price on shares of Allstate from $221.00 to $228.00 and gave the stock an "underweight" rating in a research note on Thursday. Two 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $272.00.

Allstate 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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