Allstate (NYSE:ALL) COO Mario Rizzo Sells 56,225 Shares of Stock

The Allstate Corporation (NYSE:ALL) COO Mario Rizzo sold 56,225 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total value of $14,870,388.00. Following the completion of the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This trade represents a 40.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Allstate Stock Down 2.4%

Shares of ALL stock opened at $255.95 on Thursday. The Allstate Corporation has a 1 year low of $188.08 and a 1 year high of $277.22. The stock has a market cap of $64.72 billion, a PE ratio of 5.11, a price-to-earnings-growth ratio of 0.41 and a beta of 0.16. The business’s fifty day moving average is $244.71 and its 200-day moving average is $222.09. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, beating the consensus estimate of $6.06 by $2.93. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The business had revenue of $15.43 billion during the quarter, compared to analyst estimates of $15.46 billion. During the same quarter in the prior year, the firm posted $5.94 earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. Equities analysts expect that The Allstate Corporation will post 33.26 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, August 31st will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. Allstate’s dividend payout ratio is presently 8.63%.

Institutional Investors Weigh In On Allstate

Several hedge funds have recently modified their holdings of the business. Coldstream Capital Management Inc. boosted its holdings in Allstate by 0.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider’s stock valued at $1,625,000 after purchasing an additional 50 shares in the last quarter. Compound Planning Inc. raised its holdings in shares of Allstate by 1.6% in the 4th quarter. Compound Planning Inc. now owns 3,216 shares of the insurance provider’s stock worth $669,000 after buying an additional 50 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Allstate by 0.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock worth $1,210,000 after buying an additional 52 shares during the period. Root Financial Partners LLC boosted its stake in Allstate by 4.7% in the 1st quarter. Root Financial Partners LLC now owns 1,170 shares of the insurance provider’s stock valued at $243,000 after buying an additional 53 shares in the last quarter. Finally, L2 Asset Management LLC grew its position in Allstate by 4.7% in the third quarter. L2 Asset Management LLC now owns 1,223 shares of the insurance provider’s stock valued at $263,000 after acquiring an additional 55 shares during the period. 76.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ALL shares. Weiss Ratings upgraded Allstate from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, August 6th. Roth Capital set a $300.00 price target on shares of Allstate in a research note on Thursday, August 6th. UBS Group lifted their target price on shares of Allstate from $261.00 to $275.00 and gave the company a “neutral” rating in a research note on Monday. HSBC cut Allstate from a “buy” rating to a “hold” rating and boosted their price target for the stock from $244.00 to $264.00 in a research report on Monday, July 6th. Finally, Morgan Stanley set a $265.00 price objective on shares of Allstate in a research note on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $265.53.

More Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: JPMorgan raised its price target on Allstate from $282 to $292 and maintained an “overweight” rating, indicating confidence in further appreciation. Benzinga report
• Positive Sentiment: Piper Sandler forecast strong price appreciation for Allstate, adding to the positive analyst commentary surrounding the insurer. Piper Sandler forecast article
• Positive Sentiment: Allstate’s latest quarterly results significantly exceeded earnings expectations. The company reported $8.99 in EPS versus the $6.06 consensus estimate, while revenue increased 11.8% year over year to $15.43 billion. The earnings call and analyst questions are receiving additional investor attention. Allstate Q2 earnings call article
• Neutral Sentiment: Dowling & Partners raised its FY2026 EPS estimate to $35.50 from $30.50, but projected FY2027 and FY2028 EPS of $25.50. The higher near-term forecast is encouraging, although the later estimates imply potentially weaker earnings after FY2026.
• Neutral Sentiment: Allstate declared a quarterly dividend of $1.08, payable October 1 to shareholders of record August 31. The annualized dividend is $4.32, representing a yield of approximately 1.6%.
• Negative Sentiment: Citi downgraded Allstate to “sell,” arguing that the insurer’s recent operating returns appear unsustainable. The downgrade challenges whether recent profitability can persist. Citi downgrade article
• Negative Sentiment: Two senior insiders reported sizable stock sales. COO Mario Rizzo sold 56,225 shares for about $14.9 million, reducing his holdings by 40.6%, while John Dugenske sold 32,996 shares worth approximately $8.9 million and cut his position by 71.7%. Insider sales can reflect personal financial planning, but their size may weigh on sentiment. Mario Rizzo SEC filing John Dugenske SEC filing

About Allstate

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.