Wakefield Asset Management LLLP Buys 2,395 Shares of The Allstate Corporation $ALL

Wakefield Asset Management LLLP increased its stake in The Allstate Corporation (NYSE:ALL) by 31.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,949 shares of the insurance provider’s stock after purchasing an additional 2,395 shares during the quarter. Wakefield Asset Management LLLP’s holdings in Allstate were worth $2,071,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ALL. Brighton Jones LLC increased its stake in shares of Allstate by 60.2% in the 4th quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after acquiring an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Allstate in the 4th quarter valued at $231,000. WINTON GROUP Ltd acquired a new stake in Allstate in the 2nd quarter valued at $210,000. Treasurer of the State of North Carolina grew its position in Allstate by 2.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock valued at $24,816,000 after purchasing an additional 3,051 shares during the period. Finally, Ieq Capital LLC grew its position in Allstate by 20.1% in the 2nd quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock valued at $7,713,000 after purchasing an additional 6,412 shares during the period. Institutional investors own 76.47% of the company’s stock.

Allstate Price Performance

ALL opened at $217.42 on Friday. 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 company has a market capitalization of $55.97 billion, a price-to-earnings ratio of 4.80, a P/E/G ratio of 0.39 and a beta of 0.21. The firm’s fifty day moving average price is $211.19 and its two-hundred day moving average price is $207.07. The Allstate Corporation has a 1 year low of $188.08 and a 1 year high of $222.23.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The firm had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.53 EPS. As a group, analysts anticipate that The Allstate Corporation will post 29.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ALL has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $231.00 price target on shares of Allstate in a research report on Thursday, March 5th. Raymond James Financial reissued a “strong-buy” rating and issued a $260.00 price target on shares of Allstate in a research report on Tuesday, March 3rd. Wall Street Zen downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings raised shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus price target of $241.67.

Key Headlines Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Multiple Zacks Research reports raised Allstate’s earnings estimates for 2026 through 2028, signaling improved profit expectations. Allstate estimates raised
• Positive Sentiment: A bullish analysis said market worries about auto margin pressure are likely overstated, citing resilient underwriting results and strong recent earnings. Seeking Alpha: Allstate market fears of an auto crash are unfounded
• Neutral Sentiment: Josh Brown also highlighted an insurance stock breakout, adding to the broader positive sentiment around the insurance group, though the note was not specific to operating fundamentals. MSN article on insurance breakout
• Negative Sentiment: One Zacks note trimmed FY2027 and FY2028 estimates for later periods relative to some earlier forecasts, which could temper enthusiasm for long-term growth. Allstate analyst estimate changes

Insider Transactions at Allstate

In other Allstate news, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction on Friday, May 1st. The shares were sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $17,991,267.60. The trade was a 18.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.55% of the stock is 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.