Wilsey Asset Management Inc. lifted its position in The Allstate Corporation (NYSE:ALL – Free Report) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,133 shares of the insurance provider’s stock after buying an additional 2,570 shares during the quarter. Allstate comprises approximately 6.6% of Wilsey Asset Management Inc.’s holdings, making the stock its 4th biggest position. Wilsey Asset Management Inc.’s holdings in Allstate were worth $45,002,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in ALL. MV Capital Management Inc. bought a new position in shares of Allstate in the 4th quarter valued at about $25,000. Navalign LLC acquired a new stake in Allstate in the 4th quarter valued at about $27,000. Evolution Wealth Management Inc. grew its holdings in Allstate by 7,000.0% during the first 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 period. Marshall & Sterling Wealth Advisors Inc. bought a new position in Allstate during the first quarter worth about $30,000. Finally, Palisade Asset Management LLC acquired a new position in Allstate during the third quarter worth approximately $31,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have issued reports on ALL. Citigroup upped their price objective on Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Evercore set a $240.00 target price on Allstate in a report on Friday, July 10th. Morgan Stanley increased their price target on Allstate from $215.00 to $240.00 and gave the company an “equal weight” rating in a research note on Monday, July 6th. UBS Group cut shares of Allstate from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $255.00 to $261.00 in a research report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Allstate from $242.00 to $255.00 and gave the company a “market perform” rating in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $256.70.
Allstate Stock Performance
Shares of NYSE ALL opened at $275.01 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The stock’s fifty day moving average price is $240.31 and its two-hundred day moving average price is $220.12. The Allstate Corporation has a one year low of $188.08 and a one year high of $277.22. The firm has a market cap of $70.79 billion, a price-to-earnings ratio of 5.49, a P/E/G ratio of 0.45 and a beta of 0.16.
Allstate (NYSE:ALL – Get Free Report) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. The company had revenue of $15.43 billion during the quarter, compared to the consensus estimate of $15.46 billion. Allstate had a return on equity of 43.06% and a net margin of 18.97%.The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $5.94 earnings per share. On average, equities analysts forecast that The Allstate Corporation will post 30.74 EPS for the current year.
Allstate Dividend Announcement
The firm 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 $1.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.32 annualized dividend and a yield of 1.6%. Allstate’s payout ratio is 9.53%.
Trending Headlines about Allstate
Here are the key news stories impacting Allstate this week:
- Positive Sentiment: Allstate reported second-quarter 2026 earnings of $8.99 per share, well above analyst estimates ranging from $5.76 to $6.06 and up from $5.94 a year earlier. Revenue rose 11.8% year over year to $15.43 billion. Higher investment income, improved underwriting results and lower catastrophe losses drove the substantial profit growth. Allstate Q2 Earnings Beat Estimates on Higher Investment Income
- Positive Sentiment: The earnings outperformance, strong return on equity and improved margins reinforce the case that Allstate’s underwriting turnaround is gaining traction. The results also exceeded the company’s prior-year performance despite revenue coming in slightly below consensus. Allstate Reports Excellent Operating Results
- Positive Sentiment: Allstate signaled that its $4 billion share-repurchase authorization is nearing completion and highlighted approximately $9.5 billion of holding-company capital. The capital position could provide flexibility for additional buybacks, investment in growth initiatives and other shareholder returns, although future actions were not explicitly committed. Allstate Signals Completion of $4B Buyback Authorization
- Neutral Sentiment: Allstate is accelerating its push to work with independent agents. The strategy may broaden distribution and support premium growth, but the fading hard-market pricing environment could make growth and margins more difficult to sustain. Allstate’s Independent Agent Push Gathers Pace as Hard Market Pricing Fades
- Negative Sentiment: A lawsuit alleges Allstate identified the wrong driver as being at fault in an accident. The claim is an isolated legal risk at this stage, with no reported financial impact, but adverse litigation outcomes could create costs or reputational pressure. Driver Sues Allstate
Insider Activity
In other news, insider Mark Q. Prindiville sold 1,550 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the transaction, the insider directly owned 27,558 shares of the company’s stock, valued at approximately $5,959,968.66. This trade represents a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrea Redmond sold 2,225 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the transaction, the director directly 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 SEC filing for this sale provides additional information. 1.55% of the stock is owned by insiders.
Allstate Profile
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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