The Allstate Corporation (NYSE:ALL – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $280.23 and last traded at $278.3380, with a volume of 533,481 shares traded. The stock had previously closed at $269.06.
The insurance provider reported $9.76 earnings per share for the quarter, topping analysts’ consensus estimates of $6.89 by $2.87. Allstate had a return on equity of 41.64% and a net margin of 18.97%. 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 previous year, the firm earned $11.17 earnings per share. The company’s revenue was up .5% on a year-over-year basis.
Key Stories Impacting Allstate
Here are the key news stories impacting Allstate this week:
- Positive Sentiment: Allstate reported Q3 adjusted earnings of $9.76 per share, above analysts’ estimates of about $7, and added auto policies. Article: Allstate tops Q3 earnings estimates
- Neutral Sentiment: Revenue was $17.35 billion, up 0.5% year over year; coverage differed on how it compared with analyst expectations. Article: Allstate reports Q3 sales
- Negative Sentiment: Despite the EPS beat, net income fell about 45% year over year as catastrophe losses increased, a reminder that severe events can weigh heavily on results. Article: Allstate Q3 net income drops on higher catastrophe losses
- Negative Sentiment: Auto policies grew 3.4%, but the report also highlighted rising underlying loss costs while average premiums fell. That combination could squeeze underwriting margins if pricing does not keep pace with claims. Article: Allstate auto policies and loss costs
Analysts Set New Price Targets
View Our Latest Stock Analysis on Allstate
Insider Buying and Selling at Allstate
In other news, COO Mario Rizzo sold 56,225 shares of Allstate stock in a transaction that occurred 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 sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $21,747,396.96. The trade was a 40.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John E. Dugenske sold 32,996 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the completion of the sale, the insider owned 13,054 shares of the company’s stock, valued at $3,515,833.82. This trade represents a 71.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.55% of the stock is currently owned by company insiders.
Institutional Trading of Allstate
Large investors have recently bought and sold shares of the business. Lido Advisors LLC increased its holdings in shares of Allstate by 5.9% in the third quarter. Lido Advisors LLC now owns 38,553 shares of the insurance provider’s stock valued at $8,554,000 after purchasing an additional 2,141 shares during the last quarter. D Orazio & Associates Inc. boosted its stake in Allstate by 20.6% during the third quarter. D Orazio & Associates Inc. now owns 1,410 shares of the insurance provider’s stock worth $313,000 after buying an additional 241 shares during the last quarter. 71 West Capital Partners boosted its stake in Allstate by 8.0% during the third quarter. 71 West Capital Partners now owns 2,737 shares of the insurance provider’s stock worth $607,000 after buying an additional 202 shares during the last quarter. Welch & Forbes LLC grew its holdings in Allstate by 17.1% in the 3rd quarter. Welch & Forbes LLC now owns 7,779 shares of the insurance provider’s stock valued at $1,726,000 after buying an additional 1,134 shares in the last quarter. Finally, Gryphon Financial Partners LLC increased its stake in shares of Allstate by 2.7% in the 3rd quarter. Gryphon Financial Partners LLC now owns 9,507 shares of the insurance provider’s stock worth $2,109,000 after acquiring an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.
Allstate Stock Up 3.3%
The business has a 50 day simple moving average of $245.85 and a 200-day simple moving average of $229.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $70.28 billion, a price-to-earnings ratio of 5.54, a P/E/G ratio of 0.58 and a beta of 0.13.
Allstate Company Profile
Allstate Corp. (NYSE: ALL) is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.
The company also provides roadside assistance, identity-protection services and protection plans for consumer products. Through its acquisition of National General, Allstate expanded its presence in independent-agent distribution and specialty personal insurance.
Further Reading
- Five stocks we like better than Allstate
- Gold’s 2026 Pullback Raises a Bigger Question: Buy the Metal or the Miners?
- Matador Resources Insider Buying and the Case for a Dividend Stock Rebound
- Datadog’s Post-Earnings Sell-Off: A Buying Opportunity in Plain Sight?
- How Much of Tesla’s Robotaxi Future Is Already Priced In?
Receive News & Ratings for Allstate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allstate and related companies with MarketBeat.com's FREE daily email newsletter.
