Hennessy Advisors Inc. Sells 2,400 Shares of The Allstate Corporation $ALL

Hennessy Advisors Inc. reduced its holdings in shares of The Allstate Corporation (NYSE:ALL) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,712 shares of the insurance provider’s stock after selling 2,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in Allstate were worth $7,850,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ALL. Harbor Capital Advisors Inc. raised its stake in shares of Allstate by 79.7% in the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Dorato Capital Management bought a new stake in shares of Allstate during the 4th quarter valued at $27,000. Barnes Dennig Private Wealth Management LLC grew its position in Allstate by 112.3% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock worth $30,000 after buying an additional 73 shares in the last quarter. Princeton Global Asset Management LLC grew its position in Allstate by 101.3% during the fourth quarter. Princeton Global Asset Management LLC now owns 151 shares of the insurance provider’s stock worth $31,000 after buying an additional 76 shares in the last quarter. Finally, Palisade Asset Management LLC purchased a new position in Allstate during the third quarter worth about $31,000. 76.47% of the stock is currently owned by institutional investors.

Key Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Allstate rolled out free identity‑theft protection to millions of customers (starting in 14 states), a differentiator that can increase customer value and retention. Allstate becomes the first major insurance provider to roll out free identity theft protection
• Positive Sentiment: Analyst tools (Zacks Earnings ESP) flagged Allstate as a finance stock that could beat upcoming earnings, supporting upside expectations. These 2 Finance Stocks Could Beat Earnings: Why They Should Be on Your Radar
• Positive Sentiment: Institutional buying was reported (BCS Wealth Management added shares), a signal of continued investor interest. BCS Wealth Management Buys Shares of 2,508 The Allstate Corporation $ALL
• Positive Sentiment: Shares recently hit an all‑time high, reflecting strong market momentum following recent earnings and valuation re-rating. Allstate stock hits all-time high of $216.84 USD
• Neutral Sentiment: MarketWatch notes the stock rose but still lags broader market performance, signaling mixed relative strength. Allstate Corp. stock rises Friday, still underperforms market
• Neutral Sentiment: Coverage questioning whether it’s “too late” to buy after Allstate’s multi‑year run highlights valuation and timing debate among investors. Is It Too Late To Consider Allstate (ALL) After Its Strong Multi Year Share Price Run?
• Neutral Sentiment: Local real‑estate/legal developments around Allstate’s empty campus are unlikely to move fundamentals but add headline noise. Allstate’s Empty Campus May Rejoin South Barrington In High-Stakes Land Fight
• Negative Sentiment: Allstate booked sizable catastrophe losses for March (~$925M; ~$731M after‑tax) and estimates about $1.24B in Q1 cat losses — a near‑term drag on underwriting and quarterly results. Allstate estimates $1.24bn Q1’26 cat losses with March contributing $925m

Allstate Price Performance

ALL opened at $216.46 on Monday. The stock has a 50-day moving average price of $208.66 and a 200-day moving average price of $205.48. The Allstate Corporation has a 12-month low of $184.62 and a 12-month high of $219.48. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $55.90 billion, a P/E ratio of 5.67, a PEG ratio of 0.44 and a beta of 0.22.

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 return on equity of 39.20% and a net margin of 15.19%.The firm had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $17.23 billion. During the same period in the prior year, the business earned $7.67 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts predict that The Allstate Corporation will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio (DPR) is currently 11.31%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ALL shares. 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. The Goldman Sachs Group restated a “neutral” rating and set a $231.00 target price on shares of Allstate in a research report on Thursday, March 5th. Zacks Research cut Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 target price on shares of Allstate in a research report on Thursday, February 5th. Finally, Evercore set a $225.00 target price on Allstate in a research report on Wednesday, January 7th. Three research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $238.65.

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.