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

Kovitz Investment Group Partners LLC reduced its stake in The Allstate Corporation (NYSE:ALL) by 23.0% during the third quarter, HoldingsChannel reports. The fund owned 120,270 shares of the insurance provider’s stock after selling 35,962 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Allstate were worth $25,821,000 as of its most recent SEC filing.

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

Allstate Price Performance

NYSE ALL opened at $206.51 on Monday. The company has a 50-day moving average price of $203.99 and a 200-day moving average price of $204.37. The Allstate Corporation has a 52 week low of $176.00 and a 52 week high of $216.75. The company has a quick ratio of 0.43, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $54.04 billion, a P/E ratio of 5.41, a PEG ratio of 0.43 and a beta of 0.24.

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

Allstate Increases Dividend

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

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.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Evercore set a $225.00 price target on Allstate in a research note on Wednesday, January 7th. JPMorgan Chase & Co. boosted their target price on Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. BMO Capital Markets upped their target price on shares of Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Keefe, Bruyette & Woods lifted their price target on shares of Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th. Finally, TD Cowen downgraded shares of Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Allstate has an average rating of “Moderate Buy” and an average price target of $239.29.

Insider Activity

In other news, insider Suren Gupta sold 19,593 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the sale, the insider directly owned 100,646 shares in the company, valued at $21,135,660. This represents a 16.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders have sold 24,129 shares of company stock worth $5,090,270. Insiders own 1.70% of the company’s stock.

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.