Private Advisor Group LLC Raises Position in The Allstate Corporation $ALL

Private Advisor Group LLC grew its holdings in The Allstate Corporation (NYSE:ALL) by 24.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 21,498 shares of the insurance provider’s stock after buying an additional 4,173 shares during the quarter. Private Advisor Group LLC’s holdings in Allstate were worth $4,457,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Optas LLC purchased a new position in shares of Allstate in the 1st quarter valued at about $211,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Allstate by 69.1% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 117,133 shares of the insurance provider’s stock worth $24,286,000 after buying an additional 47,850 shares in the last quarter. Elevation Point Wealth Partners LLC increased its stake in shares of Allstate by 130.9% during the first quarter. Elevation Point Wealth Partners LLC now owns 19,288 shares of the insurance provider’s stock worth $4,016,000 after buying an additional 10,936 shares during the period. Innova Wealth Partners increased its stake in shares of Allstate by 31.8% during the first quarter. Innova Wealth Partners now owns 1,674 shares of the insurance provider’s stock worth $347,000 after buying an additional 404 shares during the period. Finally, Root Financial Partners LLC raised its holdings in Allstate by 4.7% in the first quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider’s stock valued at $243,000 after acquiring an additional 53 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

More Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Barclays raised its price target on Allstate to $213 from $203, even while keeping an underweight rating, signaling improved expectations around the insurer’s valuation and near-term outlook.
• Positive Sentiment: Investors are looking ahead to Allstate’s upcoming second-quarter 2026 earnings report, with analysts expecting solid profitability despite a projected year-over-year dip, which can support buying ahead of results.
• Neutral Sentiment: Allstate said it will hold its Q2 2026 earnings call on Aug. 6, giving investors a clear near-term catalyst for the stock.
• Neutral Sentiment: The company also drew attention from unusual options activity, with a large increase in put buying, suggesting some traders are positioning for downside or hedging ahead of earnings and legal headlines.
• Negative Sentiment: Oklahoma sued Allstate, alleging a scheme to underpay storm and damage claims through poor claims-handling practices, which could increase litigation risk, reputational damage, and potential financial liability.

Insider Activity at Allstate

In other news, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $17,991,267.60. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Q. Prindiville sold 1,550 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the transaction, the insider owned 27,558 shares in the company, valued at approximately $5,959,968.66. This trade represents a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,353 shares of company stock worth $4,851,560 in the last three months. Insiders own 1.55% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods lowered shares of Allstate from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $266.00 to $242.00 in a report on Monday, June 8th. Wall Street Zen raised shares of Allstate from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays boosted their target price on shares of Allstate from $203.00 to $213.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Allstate in a research report on Thursday, June 18th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $245.26.

Allstate Stock Up 1.3%

Shares of NYSE:ALL opened at $251.63 on Wednesday. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $257.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $64.77 billion, a P/E ratio of 5.55, a P/E/G ratio of 0.44 and a beta of 0.16. The firm has a fifty day moving average price of $222.00 and a 200 day moving average price of $212.11.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm had revenue of $16.94 billion for the quarter, compared to analysts’ expectations of $15.24 billion. During the same quarter in the previous year, the firm posted $3.53 EPS. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Sell-side analysts predict that The Allstate Corporation will post 29.8 EPS for the current year.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, June 1st. Allstate’s dividend payout ratio (DPR) is 9.53%.

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.