Key Points
- Allstate insider John Dugenske sold 32,996 shares for approximately $8.9 million at an average price of $269.33, reducing his ownership by 71.65% to 13,054 shares.
- Allstate reported quarterly EPS of $8.99, beating the $6.06 consensus estimate, while revenue rose 11.8% year over year to $15.43 billion, slightly below expectations.
- The company declared a quarterly dividend of $1.08 per share, equivalent to $4.32 annually and a 1.6% yield; analysts remain mixed, with a consensus “Hold” rating and a $265.53 price target.
The Allstate Corporation (NYSE:ALL - Get Free Report) insider John Dugenske sold 32,996 shares of the firm's stock in a transaction on 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 in the company, valued at $3,515,833.82. The trade was a 71.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Allstate Stock Performance
Shares of ALL stock opened at $261.94 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $243.78 and a 200 day moving average price of $221.66. The company has a market cap of $66.23 billion, a P/E ratio of 5.23, a PEG ratio of 0.44 and a beta of 0.16. The Allstate Corporation has a 12 month low of $188.08 and a 12 month high of $277.22.
Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, beating analysts' consensus estimates of $6.06 by $2.93. The company had revenue of $15.43 billion for the quarter, compared to analysts' expectations of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%.Allstate's quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm earned $5.94 earnings per share. Sell-side analysts predict that The Allstate Corporation will post 31.93 earnings per share for the current fiscal year.
Allstate Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be issued a $1.08 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.6%. Allstate's dividend payout ratio is presently 8.63%.
More Allstate News
Here are the key news stories impacting Allstate this week:
- Positive Sentiment: JPMorgan raised its price target for Allstate from $282 to $292 and maintained an “overweight” rating, implying meaningful upside based on its current valuation. Benzinga report
- Positive Sentiment: Piper Sandler also increased its price target, lifting it from $268 to $300 and reiterating an “overweight” rating. The revision suggests the firm expects continued earnings strength or improved valuation support. Ticker Report article
- Neutral Sentiment: Allstate is preparing its Allie platform as part of an agentic artificial-intelligence strategy. The initiative could improve productivity and customer service over time, although its financial impact remains uncertain. Allstate preps Allie platform to drive agentic AI strategy
- Negative Sentiment: Citi downgraded Allstate to “sell”, arguing that the insurer’s recent operating returns appear “unsustainable.” The call challenges the durability of the company’s recent profit performance. Allstate cut to sell at Citi
- Negative Sentiment: Insider John E. Dugenske sold 32,996 shares worth approximately $8.9 million, reducing his position by about 72%. While insider sales can be planned for personal reasons, the size of the transaction may weigh on sentiment. SEC insider transaction filing
- Negative Sentiment: DOWLING & PARTN projected FY2028 EPS of $25.50, below the current consensus estimate of $31.40 for the full year. The lower forecast raises concerns about longer-term earnings growth.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $280.00 price target on shares of Allstate in a report on Friday. Roth Capital set a $300.00 price objective on shares of Allstate in a report on Thursday, August 6th. Mizuho boosted their price objective on shares of Allstate from $255.00 to $272.00 and gave the stock an "outperform" rating in a research report on Thursday, July 9th. Morgan Stanley set a $265.00 target price on shares of Allstate in a research report on Tuesday. Finally, Wells Fargo & Company lowered shares of Allstate from an "equal weight" rating to an "underweight" rating and lifted their price target for the stock from $243.00 to $250.00 in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $265.53.
Get Our Latest Stock Analysis on Allstate
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider's stock valued at $1,253,000 after acquiring an additional 2,443 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Allstate during the 4th quarter worth $231,000. WINTON GROUP Ltd purchased a new position in Allstate during the 2nd quarter worth $210,000. Treasurer of the State of North Carolina grew its position in Allstate by 2.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider's stock worth $24,816,000 after purchasing an additional 3,051 shares during the last quarter. Finally, Ieq Capital LLC increased its stake in Allstate by 20.1% in the second quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider's stock valued at $7,713,000 after purchasing an additional 6,412 shares during the period. Hedge funds and other institutional investors own 76.47% of the company's stock.
Allstate Company Profile
(
Get Free Report)
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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