The Allstate Corporation $ALL Stock Position Reduced by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its position in shares of The Allstate Corporation (NYSE:ALL) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 220,634 shares of the insurance provider’s stock after selling 2,540 shares during the quarter. Allstate accounts for about 0.9% of Kornitzer Capital Management Inc. KS’s investment portfolio, making the stock its 28th largest position. Kornitzer Capital Management Inc. KS owned approximately 0.09% of Allstate worth $48,950,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Strategic Global Advisors LLC purchased a new position in Allstate during the 2nd quarter valued at approximately $11,680,000. OMERS ADMINISTRATION Corp bought a new stake in Allstate in the 2nd quarter worth approximately $6,861,000. QRG Capital Management Inc. raised its holdings in shares of Allstate by 82.1% during the 2nd quarter. QRG Capital Management Inc. now owns 94,687 shares of the insurance provider’s stock worth $22,427,000 after acquiring an additional 42,690 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Allstate during the 2nd quarter worth approximately $1,410,362,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Allstate during the 2nd quarter valued at approximately $42,409,000. 76.47% of the stock is currently owned by institutional investors.

Allstate Trading Down 4.3%

Shares of NYSE ALL opened at $255.27 on Friday. The Allstate Corporation has a 1-year low of $191.13 and a 1-year high of $281.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.37 and a quick ratio of 0.36. The business’s 50 day moving average is $245.92 and its two-hundred day moving average is $229.83. The stock has a market capitalization of $64.55 billion, a P/E ratio of 5.78, a PEG ratio of 0.56 and a beta of 0.13.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $2.87. The business had revenue of $17.35 billion during the quarter, compared to analyst estimates of $15.87 billion. Allstate had a return on equity of 38.37% and a net margin of 16.57%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the company earned $11.17 EPS. As a group, research analysts expect that The Allstate Corporation will post 36.67 EPS for the current year.

Insider Buying and Selling at Allstate

In related news, COO Mario Rizzo sold 56,225 shares of the stock in a transaction 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 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 filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ALL. HSBC lowered shares of Allstate from a “buy” rating to a “hold” rating and set a $271.00 target price for the company. in a report on Friday. Citigroup upped their price target on shares of Allstate from $215.00 to $225.00 and gave the company a “sell” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Allstate from $282.00 to $292.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Raymond James Financial reiterated a “strong-buy” rating and set a $315.00 price objective (up from $300.00) on shares of Allstate in a research report on Tuesday, August 11th. Finally, BMO Capital Markets lifted their price objective on shares of Allstate from $250.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Allstate currently has an average rating of “Hold” and a consensus price target of $272.00.

Allstate News Summary

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Third-quarter EPS of $9.76 beat estimates by about 39%, with strength in Protection Services and investment income. Allstate also reported growth in insurance policies. Allstate Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Management highlighted plans to use AI to improve distribution, including a personal assistant targeted for early 2027—an opportunity to improve customer experience and efficiency. Allstate Q3 Earnings Call Highlights AI Expansion and Margin Focus
• Neutral Sentiment: Analyst views were mixed: Wells Fargo raised its target to $252 and kept an Equal Weight rating, while HSBC moved Allstate from Buy to Hold with a $271 target.
• Negative Sentiment: Catastrophe losses contributed to a roughly 45% year-over-year drop in third-quarter net income. Investors are also watching pressure on auto margins as underlying loss costs rise while average premiums fall. Allstate grows auto policies as loss costs rise
• Negative Sentiment: Some analysts remain bearish despite raising their targets: Citigroup maintained Sell at $225, and Barclays retained Underweight at $228. Both targets are below the share price referenced in the reports. Put-option volume also rose sharply, suggesting increased hedging or bearish positioning.

About Allstate

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance.

The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.

Founded in 1931 as part of Sears, Roebuck and Co, Allstate became an independent, publicly traded company in 1993.