Key Points
- Allstate COO Mario Rizzo sold 56,225 shares for approximately $14.9 million at an average price of $264.48, reducing his direct holdings by 40.6% to 82,227 shares.
- Allstate reported quarterly EPS of $8.99, well above the $6.06 analyst consensus, while revenue rose 11.8% year over year to $15.43 billion.
- The company declared a quarterly dividend of $1.08, or $4.32 annualized, representing an approximate 1.7% yield; analysts remain mixed, with an average “Hold” rating and a $265.53 price target.
The Allstate Corporation (NYSE:ALL - Get Free Report) COO Mario Rizzo sold 56,225 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the sale, the chief operating officer directly owned 82,227 shares of the company's stock, valued at approximately $21,747,396.96. The trade was a 40.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Allstate Stock Down 2.4%
Shares of ALL opened at $255.95 on Thursday. The company has a market capitalization of $64.72 billion, a P/E ratio of 5.11, a PEG ratio of 0.41 and a beta of 0.16. The Allstate Corporation has a one year low of $188.08 and a one year high of $277.22. The business's 50 day simple moving average is $244.71 and its 200-day simple moving average is $222.09. 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 - Get Free Report) last released 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. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The firm had revenue of $15.43 billion during the quarter, compared to analysts' expectations of $15.46 billion. During the same period last year, the firm posted $5.94 EPS. The business's revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts predict that The Allstate Corporation will post 33.26 EPS for the current fiscal year.
Allstate Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be issued a $1.08 dividend. 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 payout ratio is currently 8.63%.
Key Headlines Impacting Allstate
Here are the key news stories impacting Allstate this week:
- Positive Sentiment: JPMorgan raised its price target on Allstate from $282 to $292 and maintained an “overweight” rating, indicating confidence in further appreciation. Benzinga report
- Positive Sentiment: Piper Sandler forecast strong price appreciation for Allstate, adding to the positive analyst commentary surrounding the insurer. Piper Sandler forecast article
- Positive Sentiment: Allstate’s latest quarterly results significantly exceeded earnings expectations. The company reported $8.99 in EPS versus the $6.06 consensus estimate, while revenue increased 11.8% year over year to $15.43 billion. The earnings call and analyst questions are receiving additional investor attention. Allstate Q2 earnings call article
- Neutral Sentiment: Dowling & Partners raised its FY2026 EPS estimate to $35.50 from $30.50, but projected FY2027 and FY2028 EPS of $25.50. The higher near-term forecast is encouraging, although the later estimates imply potentially weaker earnings after FY2026.
- Neutral Sentiment: Allstate declared a quarterly dividend of $1.08, payable October 1 to shareholders of record August 31. The annualized dividend is $4.32, representing a yield of approximately 1.6%.
- Negative Sentiment: Citi downgraded Allstate to “sell,” arguing that the insurer’s recent operating returns appear unsustainable. The downgrade challenges whether recent profitability can persist. Citi downgrade article
- Negative Sentiment: Two senior insiders reported sizable stock sales. COO Mario Rizzo sold 56,225 shares for about $14.9 million, reducing his holdings by 40.6%, while John Dugenske sold 32,996 shares worth approximately $8.9 million and cut his position by 71.7%. Insider sales can reflect personal financial planning, but their size may weigh on sentiment. Mario Rizzo SEC filing John Dugenske SEC filing
Institutional Trading of Allstate
A number of hedge funds have recently modified their holdings of ALL. MV Capital Management Inc. acquired a new position in Allstate during the fourth quarter valued at approximately $25,000. Gables Capital Management Inc. acquired a new stake in Allstate in the second quarter worth $26,000. Navalign LLC bought a new position in shares of Allstate during the fourth quarter worth $27,000. Kelleher Financial Advisors acquired a new position in shares of Allstate in the 2nd quarter valued at $28,000. Finally, Evolution Wealth Management Inc. grew its holdings 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 valued at $29,000 after buying an additional 140 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on ALL. HSBC cut shares of Allstate from a "buy" rating to a "hold" rating and raised their price objective for the company from $244.00 to $264.00 in a research report on Monday, July 6th. Mizuho raised their price target on shares of Allstate from $255.00 to $272.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. Morgan Stanley set a $265.00 price objective on shares of Allstate in a research report on Tuesday. Keefe, Bruyette & Woods increased their price objective on Allstate from $242.00 to $255.00 and gave the company a "market perform" rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Allstate has an average rating of "Hold" and an average price target of $265.53.
Check Out Our Latest Stock Report on ALL
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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