Wakefield Asset Management LLLP Has $2.07 Million Stake in The Allstate Corporation $ALL

Wakefield Asset Management LLLP boosted its position in shares of The Allstate Corporation (NYSE:ALL) by 31.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,949 shares of the insurance provider’s stock after buying an additional 2,395 shares during the period. Wakefield Asset Management LLLP’s holdings in Allstate were worth $2,071,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted 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 purchasing an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Allstate in the 4th quarter valued at approximately $231,000. WINTON GROUP Ltd acquired a new stake in shares of Allstate in the 2nd quarter valued at approximately $210,000. Treasurer of the State of North Carolina boosted its stake in shares of 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 in the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of 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 in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate Stock Up 0.4%

NYSE:ALL opened at $217.42 on Friday. The firm’s 50 day simple moving average is $211.19 and its 200 day simple moving average is $207.07. 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 Allstate Corporation has a one year low of $188.08 and a one year high of $222.23. The company has a market cap of $55.97 billion, a PE ratio of 4.80, a P/E/G ratio of 0.39 and a beta of 0.21.

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

Insider Buying and Selling

In related news, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction that occurred 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 sale, the chief operating officer directly owned 82,227 shares in the company, valued at $17,991,267.60. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.55% of the stock is currently owned by corporate insiders.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ALL shares. Wells Fargo & Company raised their price target on shares of Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Citigroup raised their price target on shares of Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Mizuho reduced their price target on shares of Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Raymond James Financial restated a “strong-buy” rating and issued a $260.00 price target on shares of Allstate in a research note on Tuesday, March 3rd. Finally, Zacks Research downgraded shares of Allstate from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Allstate has an average rating of “Moderate Buy” and an average target price of $241.67.

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.