Kovitz Investment Group Partners LLC Cuts Stock Holdings in The Allstate Corporation $ALL

Kovitz Investment Group Partners LLC reduced its stake in shares of The Allstate Corporation (NYSE:ALL) by 23.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,270 shares of the insurance provider’s stock after selling 35,962 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Allstate were worth $25,821,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Avantax Advisory Services Inc. increased its stake in shares of Allstate by 3.1% in the second quarter. Avantax Advisory Services Inc. now owns 23,573 shares of the insurance provider’s stock worth $4,745,000 after buying an additional 704 shares during the period. Truist Financial Corp boosted its position in Allstate by 4.7% during the 3rd quarter. Truist Financial Corp now owns 123,461 shares of the insurance provider’s stock valued at $26,501,000 after buying an additional 5,542 shares during the period. Commonwealth Retirement Investments LLC grew its holdings in Allstate by 103.5% in the 2nd quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock worth $2,609,000 after acquiring an additional 6,590 shares during the last quarter. Davis Capital Management bought a new stake in Allstate in the 3rd quarter worth $2,767,000. Finally, First Horizon Corp purchased a new position in shares of Allstate in the third quarter valued at about $11,109,000. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling at Allstate

In related news, insider Suren Gupta sold 19,593 shares of the stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the transaction, the insider directly owned 100,646 shares in the company, valued at $21,135,660. This trade represents a 16.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 24,129 shares of company stock valued at $5,090,270. 1.70% of the stock is owned by corporate insiders.

Key Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Allstate declared roughly $29.3M in preferred dividends for the Jan. 15–Apr. 14 period — a cash-return signal that supports income-focused holders and reinforces the company’s capital distribution profile. Allstate announces preferred dividends payable April 15, 2026
• Positive Sentiment: Allstate is targeting up to $1 billion of limit across Sanders Re III & Sanders Re IV cat bonds — a move that broadens catastrophe risk transfer capacity and may reduce underwriting volatility. Allstate now targets up to $1bn of limit across Sanders Re III & Sanders Re IV cat bonds
• Positive Sentiment: Zacks Research issued several upward revisions to near-term quarter estimates (Q4 2026 and Q3 2027 EPS were raised), indicating some analyst recognition of stronger near-term operating performance. (Zacks summary available via market data reports.)
• Neutral Sentiment: Wells Fargo trimmed its price target slightly from $228 to $227 and keeps an “equal weight” rating — a modest change that still implies roughly ~10% upside from current levels. Analyst price-target note
• Neutral Sentiment: Marketing/promotional item: official rules posted for the 2026 Allstate Women’s Tournament Challenge sweepstakes — immaterial for fundamentals but relevant for brand/marketing visibility. Sweepstakes rules
• Negative Sentiment: Allstate reported estimated January catastrophe losses of $175M ($138M after-tax), primarily from Winter Storm Fern — a near-term hit to underwriting results that can pressure quarterly earnings. January 2026 Monthly Release
• Negative Sentiment: Zacks cut its Q4 2027 EPS estimate (from $8.20 to $7.58) and set FY2028 EPS well below the current consensus — items that suggest some downward pressure on longer-term earnings expectations.

Analysts Set New Price Targets

ALL has been the subject of a number of analyst reports. Mizuho increased their target price on shares of Allstate from $255.00 to $281.00 and gave the stock an “outperform” rating in a report on Monday, February 9th. William Blair lowered Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. JPMorgan Chase & Co. increased their price objective on Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Wall Street Zen lowered Allstate from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Allstate in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $239.29.

Allstate Stock Performance

Allstate stock opened at $206.51 on Monday. The Allstate Corporation has a fifty-two week low of $176.00 and a fifty-two week high of $216.75. The stock has a market cap of $54.04 billion, a price-to-earnings ratio of 5.41, a PEG ratio of 0.43 and a beta of 0.24. The stock’s 50 day simple moving average is $203.99 and its two-hundred day simple moving average is $204.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.43 and a current ratio of 0.37.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, beating analysts’ consensus estimates of $8.72 by $5.59. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The company had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same quarter last year, the business posted $7.67 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, analysts expect that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be issued a dividend of $1.08 per share. This is a boost from Allstate’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, March 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.1%. Allstate’s dividend payout ratio (DPR) is presently 10.47%.

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.