Kornitzer Capital Management Inc. KS Decreases Stake in The Allstate Corporation $ALL

Kornitzer Capital Management Inc. KS cut its position in shares of The Allstate Corporation (NYSE:ALL) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,536 shares of the insurance provider’s stock after selling 3,632 shares during the period. Allstate makes up 1.0% of Kornitzer Capital Management Inc. KS’s holdings, making the stock its 25th biggest holding. Kornitzer Capital Management Inc. KS owned 0.09% of Allstate worth $46,321,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GDS Wealth Management grew its holdings in shares of Allstate by 2.2% in the fourth quarter. GDS Wealth Management now owns 99,134 shares of the insurance provider’s stock valued at $20,635,000 after purchasing an additional 2,109 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in Allstate in the fourth quarter worth approximately $73,246,000. Manhattan West Asset Management LLC purchased a new position in Allstate in the fourth quarter worth approximately $333,000. Horizon Investments LLC lifted its stake in Allstate by 10.2% in the fourth quarter. Horizon Investments LLC now owns 27,846 shares of the insurance provider’s stock worth $5,796,000 after acquiring an additional 2,588 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC purchased a new stake in shares of Allstate during the 4th quarter worth approximately $226,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Price Performance

Allstate stock opened at $217.10 on Friday. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $221.19. The company has a quick ratio of 0.37, a current ratio of 0.36 and a debt-to-equity ratio of 0.25. The firm’s 50-day simple moving average is $210.35 and its 200 day simple moving average is $205.87. The firm has a market capitalization of $56.06 billion, a PE ratio of 4.79, a P/E/G ratio of 0.44 and a beta of 0.22.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The company had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.53 EPS. On average, equities research analysts predict that The Allstate Corporation will post 25.82 EPS for the current fiscal year.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were issued a $1.08 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a yield of 2.0%. Allstate’s payout ratio is 9.53%.

Allstate News Summary

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Big Q1 beat — Allstate reported $10.65 EPS vs. consensus ~ $7.3 and revenue above estimates; strong underwriting, higher premiums and lower catastrophe losses drove a material profit rebound. Earnings Release & Transcript
• Positive Sentiment: Earnings call tone was upbeat and highlighted market-share gains in auto and homeowners lines, reinforcing the operational momentum behind the quarterly beat. Earnings Call Coverage
• Positive Sentiment: Analysts are raising forecasts after Q1 results, reflecting higher EPS expectations and improved metrics. This analyst support can underpin the stock following the beat. Analyst Reactions
• Neutral Sentiment: Citigroup raised its price target from $221 to $226 but maintained a “neutral” rating — a modest upgrade that signals respect for the results but not a decisive buy endorsement. Citigroup Note
• Neutral Sentiment: Allstate’s 2025 10‑K shows a stable overall risk profile with one new regulatory disclosure; no new material threats were flagged, keeping long‑term risk unchanged. 10‑K Risk Note
• Negative Sentiment: Despite the beat, some analyst reactions remain cautious and the Citigroup move implies only ~4% upside to its target — that limited near-term upside and mixed ratings can restrain further share gains. Citigroup Note

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ALL shares. Wells Fargo & Company boosted their price objective on shares of Allstate from $227.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. upped their price target on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Piper Sandler upped their price target on shares of Allstate from $252.00 to $268.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup boosted their price objective on shares of Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Evercore set a $225.00 price objective on shares of Allstate in a research note on Wednesday, January 7th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Allstate has a consensus rating of “Moderate Buy” and a consensus price target of $240.56.

Allstate Profile

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.