8,993 The Allstate Corporation $ALL Shares Bought by Ethic Inc.

Ethic Inc. lifted its stake in The Allstate Corporation (NYSE:ALL) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,924 shares of the insurance provider’s stock after buying an additional 8,993 shares during the period. Ethic Inc.’s holdings in Allstate were worth $17,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new stake in Allstate in the second quarter valued at $5,439,448,000. Bank of America Corp DE raised its stake in 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 acquiring an additional 596,321 shares in the last quarter. GQG Partners LLC bought a new position in shares of Allstate during the second quarter valued at $1,245,710,000. Deutsche Bank AG bought a new position in shares of Allstate during the second quarter valued at $1,008,648,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Allstate by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,804,615 shares of the insurance provider’s stock valued at $581,515,000 after acquiring an additional 154,259 shares during the period. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

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

Key Headlines Impacting Allstate

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.

Allstate Trading Down 4.3%

ALL stock opened at $255.27 on Friday. The business has a fifty day moving average price of $245.92 and a 200 day moving average price of $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 Allstate Corporation has a fifty-two week low of $191.13 and a fifty-two week high of $281.11. The stock has a market capitalization of $64.55 billion, a price-to-earnings ratio of 5.78, a P/E/G ratio of 0.56 and a beta of 0.13.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Argus set a $238.00 target price on shares of Allstate in a research note on Friday, August 28th. Roth Capital set a $300.00 target price on shares of Allstate in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Allstate from a “buy” rating to a “hold” rating in a report on Saturday. Raymond James Financial restated a “strong-buy” rating and issued a $315.00 price target (up from $300.00) on shares of Allstate in a research report on Tuesday, August 11th. Finally, Barclays boosted their price target on shares of Allstate from $221.00 to $228.00 and gave the company an “underweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $272.00.

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.