Insider Selling: Allstate (NYSE:ALL) COO Sells $14,870,388.00 in Stock

The Allstate Corporation (NYSE:ALL) COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction dated 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 approximately $21,747,396.96. This represents a 40.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Allstate Price Performance

NYSE:ALL traded down $6.28 during trading hours on Wednesday, hitting $255.95. The company’s stock had a trading volume of 2,591,088 shares, compared to its average volume of 1,693,893. The business’s 50-day moving average is $243.78 and its two-hundred day moving average is $221.66. 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 company has a market capitalization of $64.72 billion, a PE ratio of 5.11, a PEG ratio of 0.44 and a beta of 0.16. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $277.22.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. The company had revenue of $15.43 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $5.94 earnings per share. As a group, research analysts anticipate that The Allstate Corporation will post 31.93 EPS for the current fiscal year.

Allstate Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on ALL shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $280.00 price objective on shares of Allstate in a research note on Friday, August 7th. Citigroup lowered shares of Allstate from a “neutral” rating to a “sell” rating and upped their target price for the company from $226.00 to $240.00 in a report on Tuesday. Barclays lifted their price target on shares of Allstate from $213.00 to $226.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Piper Sandler upped their price objective on shares of Allstate from $268.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Evercore set a $240.00 target price on shares of Allstate in a research report on Friday, July 10th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $265.53.

Institutional Trading of Allstate

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALL. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Allstate by 5.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552,120 shares of the insurance provider’s stock worth $112,533,000 after acquiring an additional 26,586 shares in the last quarter. Strategic Global Advisors LLC boosted its position in Allstate by 19.2% during the 4th quarter. Strategic Global Advisors LLC now owns 48,882 shares of the insurance provider’s stock worth $10,175,000 after acquiring an additional 7,870 shares during the period. Elevation Point Wealth Partners LLC grew its stake in Allstate by 130.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 19,288 shares of the insurance provider’s stock valued at $4,016,000 after acquiring an additional 10,936 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Allstate during the 4th quarter valued at about $161,000. Finally, CIBC Asset Management Inc increased its holdings in shares of Allstate by 69.2% in the 4th quarter. CIBC Asset Management Inc now owns 63,011 shares of the insurance provider’s stock valued at $13,116,000 after purchasing an additional 25,764 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Key Allstate News

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 constructive analyst outlook for the insurer. Piper Sandler forecast article
• Positive Sentiment: DOWLING & PARTN raised its FY2026 EPS forecast to $35.50 from $30.50 and increased its FY2027 estimate to $25.50 from $24.00. The revisions suggest improved expectations for near-term profitability.
• Neutral Sentiment: Analysts focused on five questions during Allstate’s second-quarter earnings call, likely addressing earnings quality, operating performance, and the durability of recent results. Allstate recently reported quarterly EPS of $8.99, well above the $6.06 consensus estimate, while revenue increased 11.8% year over year. Allstate Q2 earnings call article
• Neutral Sentiment: Allstate is preparing its Allie platform to support an agentic artificial-intelligence strategy. The initiative could improve efficiency and customer service, but its financial benefits remain uncertain. Allstate AI strategy article
• Negative Sentiment: Citi downgraded Allstate to “sell”, warning that recent operating returns appear “unsustainable.” The report raises concerns about whether the company’s strong recent profitability can persist. Citi downgrade article
• Negative Sentiment: Insider John Dugenske sold 32,996 shares for approximately $8.9 million, reducing his holdings by 71.65%. Although insider sales can be personal or planned, the size of the transaction may pressure sentiment. Allstate insider sale article
• Negative Sentiment: DOWLING & PARTN’s FY2028 EPS estimate is $25.50, signaling a potential slowdown from the company’s elevated near-term earnings outlook and reinforcing longer-term growth concerns.

About Allstate

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.