Oppenheimer Asset Management Inc. Takes Position in The Allstate Corporation $ALL

Oppenheimer Asset Management Inc. acquired a new position in shares of The Allstate Corporation (NYSE:ALL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,573 shares of the insurance provider’s stock, valued at approximately $9,416,000.

Other hedge funds have also bought and sold shares of the company. MV Capital Management Inc. acquired a new position in Allstate in the fourth quarter valued at $25,000. Navalign LLC acquired a new stake in Allstate during the 4th quarter worth about $27,000. Evolution Wealth Management Inc. raised its position in shares of 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 acquiring an additional 140 shares in the last quarter. Allied Private Wealth LLC bought a new position in shares of Allstate in the 2nd quarter worth about $29,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Allstate in the 1st quarter valued at about $30,000. Institutional investors own 76.47% of the company’s stock.

Allstate Stock Performance

Shares of Allstate stock opened at $261.26 on Friday. The Allstate Corporation has a one year low of $188.08 and a one year high of $277.22. The firm has a market capitalization of $66.06 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 0.40 and a beta of 0.16. The business has a 50-day simple moving average of $246.52 and a 200 day simple moving average of $222.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.06 by $2.93. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The business had revenue of $15.43 billion for the quarter, compared to analyst estimates of $15.46 billion. During the same quarter in the prior year, the company earned $5.94 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, research analysts anticipate that The Allstate Corporation will post 33.92 earnings per share for the current fiscal year.

Allstate Dividend Announcement

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

Insider Transactions at Allstate

In related news, COO Mario Rizzo sold 56,225 shares of the 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 transaction, the chief operating officer directly owned 82,227 shares in the company, valued at $21,747,396.96. This trade represents a 40.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Redmond sold 2,225 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the sale, the director owned 2,225 shares of the company’s stock, valued at $451,474.75. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 92,996 shares of company stock valued at $24,543,894 in the last 90 days. 1.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ALL has been the topic of several research analyst reports. UBS Group upped their target price on Allstate from $261.00 to $275.00 and gave the company a “neutral” rating in a research report on Monday. Roth Capital set a $300.00 target price on Allstate in a report on Thursday, August 6th. Raymond James Financial reissued a “strong-buy” rating and issued a $315.00 price target on shares of Allstate in a research note on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of Allstate from $242.00 to $255.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 8th. Finally, Citigroup lowered shares of Allstate from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $226.00 to $240.00 in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Allstate has a consensus rating of “Hold” and an average price target of $265.53.

Key Headlines Impacting 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.

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.