The Allstate Corporation $ALL Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC cut its position in shares of The Allstate Corporation (NYSE:ALL) by 86.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,514 shares of the insurance provider’s stock after selling 16,516 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Allstate were worth $598,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Paladin Wealth LLC acquired a new stake in Allstate during the second quarter worth approximately $206,000. Revolve Wealth Partners LLC raised its holdings in Allstate by 14.1% in the 2nd quarter. Revolve Wealth Partners LLC now owns 1,151 shares of the insurance provider’s stock valued at $274,000 after acquiring an additional 142 shares during the last quarter. Allied Private Wealth LLC acquired a new position in Allstate in the 2nd quarter valued at $29,000. Everpar Advisors LLC lifted its stake in shares of Allstate by 8.6% during the 2nd quarter. Everpar Advisors LLC now owns 3,438 shares of the insurance provider’s stock worth $818,000 after purchasing an additional 273 shares during the period. Finally, Avity Investment Management Inc. purchased a new position in shares of Allstate during the 2nd quarter worth $209,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate News Summary

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: JPMorgan raised its price target for Allstate from $282 to $292 and maintained an “overweight” rating, implying meaningful upside based on its current valuation. Benzinga report
• Positive Sentiment: Piper Sandler also increased its price target, lifting it from $268 to $300 and reiterating an “overweight” rating. The revision suggests the firm expects continued earnings strength or improved valuation support. Ticker Report article
• Neutral Sentiment: Allstate is preparing its Allie platform as part of an agentic artificial-intelligence strategy. The initiative could improve productivity and customer service over time, although its financial impact remains uncertain. Allstate preps Allie platform to drive agentic AI strategy
• Negative Sentiment: Citi downgraded Allstate to “sell”, arguing that the insurer’s recent operating returns appear “unsustainable.” The call challenges the durability of the company’s recent profit performance. Allstate cut to sell at Citi
• Negative Sentiment: Insider John E. Dugenske sold 32,996 shares worth approximately $8.9 million, reducing his position by about 72%. While insider sales can be planned for personal reasons, the size of the transaction may weigh on sentiment. SEC insider transaction filing
• Negative Sentiment: DOWLING & PARTN projected FY2028 EPS of $25.50, below the current consensus estimate of $31.40 for the full year. The lower forecast raises concerns about longer-term earnings growth.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Piper Sandler upped their target price on Allstate from $268.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday. Wells Fargo & Company lowered Allstate from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $243.00 to $250.00 in a research note on Friday. HSBC cut Allstate from a “buy” rating to a “hold” rating and lifted their price target for the company from $244.00 to $264.00 in a report on Monday, July 6th. UBS Group upped their price objective on shares of Allstate from $261.00 to $275.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $242.00 to $255.00 and gave the stock a “market perform” rating in a report on Wednesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $265.53.

Allstate Stock Performance

NYSE ALL opened at $261.94 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $277.22. The firm has a market capitalization of $66.23 billion, a P/E ratio of 5.23, a P/E/G ratio of 0.44 and a beta of 0.16. The business’s 50-day simple moving average is $243.78 and its 200-day simple moving average is $221.66.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, beating the consensus estimate of $6.06 by $2.93. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm had revenue of $15.43 billion for the quarter, compared to analyst estimates of $15.46 billion. During the same quarter last year, the firm posted $5.94 earnings per share. Allstate’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities analysts predict that The Allstate Corporation will post 31.93 EPS for the current year.

Allstate Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be issued a dividend of $1.08 per share. The ex-dividend date is Monday, August 31st. This represents a $4.32 annualized dividend and a dividend yield of 1.6%. Allstate’s payout ratio is presently 8.63%.

Insider Buying and Selling

In other Allstate news, Director Andrea Redmond sold 2,225 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $202.91, for a total value of $451,474.75. Following the transaction, the director directly owned 2,225 shares of the company’s stock, valued at $451,474.75. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 value of $335,218.50. Following the transaction, the insider owned 27,558 shares in the company, valued at approximately $5,959,968.66. This represents a 5.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 36,771 shares of company stock valued at $9,673,506. Company insiders own 1.55% of the company’s stock.

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.