Commerce Bank Purchases New Position in The Allstate Corporation $ALL

Commerce Bank acquired a new position in The Allstate Corporation (NYSE:ALL) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 51,206 shares of the insurance provider’s stock, valued at approximately $12,184,000.

A number of other hedge funds have also bought and sold shares of the business. Gables Capital Management Inc. bought a new position in shares of Allstate in the second quarter worth $26,000. Allied Private Wealth LLC purchased a new position in shares of Allstate in the second quarter valued at $29,000. Kelleher Financial Advisors bought a new stake in shares of Allstate during the 2nd quarter valued at $28,000. MV Capital Management Inc. bought a new stake in shares of Allstate during the 4th quarter valued at $25,000. Finally, Navalign LLC purchased a new stake in Allstate during the 4th quarter worth about $27,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Allstate Stock Performance

NYSE:ALL opened at $253.82 on Monday. The stock has a market cap of $64.18 billion, a P/E ratio of 5.07, a PEG ratio of 0.39 and a beta of 0.16. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $250.34 and its two-hundred day moving average price is $225.12. The Allstate Corporation has a twelve month low of $188.08 and a twelve month high of $277.22.

Allstate (NYSE:ALL) last announced its 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 net margin of 18.97% and a return on equity of 41.64%. The business had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $15.46 billion. During the same period last year, the firm posted $5.94 earnings per share. Allstate’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities analysts predict that The Allstate Corporation will post 34.45 EPS for the current fiscal year.

Allstate Dividend Announcement

The business also recently declared 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 of this dividend is Monday, August 31st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.7%. Allstate’s dividend payout ratio is presently 8.63%.

Analyst Upgrades and Downgrades

ALL has been the subject of several analyst reports. UBS Group raised their target price on Allstate from $261.00 to $275.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Morgan Stanley set a $265.00 price target on shares of Allstate in a report on Tuesday, August 11th. Piper Sandler raised their price objective on shares of Allstate from $268.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. HSBC cut shares of Allstate from a “buy” rating to a “hold” rating and boosted their price objective for the company from $244.00 to $264.00 in a research note on Monday, July 6th. Finally, Mizuho upped their target price on shares of Allstate from $255.00 to $272.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $265.26.

Key Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Zacks Research raised several Allstate EPS forecasts, including estimates for Q3 2026, FY2027, FY2028, Q1 2027, Q4 2027 and Q2 2028. Zacks maintains a “Strong-Buy” rating, supporting the view that underwriting performance and earnings power may remain resilient. Allstate earnings estimates
• Positive Sentiment: A Zacks screen identified ALL as a high-return-on-equity, cash-rich stock that could appeal to investors seeking quality and financial strength during volatile markets. High-ROE stocks article
• Neutral Sentiment: Allstate opened a new Dallas auto laboratory to train claims adjusters on increasingly complex vehicle technology. The initiative could improve claims accuracy and customer service over time, but it is unlikely to materially affect near-term earnings. Allstate Dallas auto lab
• Negative Sentiment: Keefe, Bruyette & Woods downgraded ALL from “hold” to “moderate sell,” adding to investor caution around the stock’s valuation and outlook. Allstate analyst downgrade
• Negative Sentiment: Allstate estimated July catastrophe losses of $682 million pretax, or $539 million after tax. The losses bring pretax catastrophe costs for the current aggregate year to approximately $2.402 billion, creating pressure on underwriting margins and near-term earnings. Allstate July 2026 monthly release
• Negative Sentiment: Zacks Research lowered its Q2 2027 and Q4 2026 EPS estimates, indicating that analysts still see some periods of earnings pressure despite upward revisions elsewhere. Allstate earnings estimates

Insider Activity

In related news, insider John E. Dugenske sold 32,996 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $269.33, for a total value of $8,886,812.68. Following the transaction, the insider owned 13,054 shares of the company’s stock, valued at $3,515,833.82. This represents a 71.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Redmond sold 2,225 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $202.91, for a total value of $451,474.75. Following the completion of the transaction, the director directly owned 2,225 shares in the company, valued at approximately $451,474.75. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 91,446 shares of company stock worth $24,208,675. 1.55% of the stock is currently owned by corporate insiders.

Allstate Company 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.