Northwestern Mutual Wealth Management Co. Buys 290,608 Shares of The Allstate Corporation $ALL

Northwestern Mutual Wealth Management Co. grew its stake in shares of The Allstate Corporation (NYSE:ALL) by 616.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 337,773 shares of the insurance provider’s stock after buying an additional 290,608 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Allstate were worth $70,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. WHI TRUST Co LLC bought a new stake in shares of Allstate in the fourth quarter worth about $53,000. AustralianSuper Pty Ltd increased its holdings in shares of Allstate by 80.6% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,220,984 shares of the insurance provider’s stock worth $254,148,000 after acquiring an additional 544,874 shares in the last quarter. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Allstate during the fourth quarter worth about $24,080,000. Pinnacle Associates Ltd. boosted its position in shares of Allstate by 3.8% during the fourth quarter. Pinnacle Associates Ltd. now owns 2,786 shares of the insurance provider’s stock worth $580,000 after buying an additional 103 shares during the period. Finally, Simmons Bank boosted its position in shares of Allstate by 6.8% during the fourth quarter. Simmons Bank now owns 7,610 shares of the insurance provider’s stock worth $1,584,000 after buying an additional 483 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO Mario Rizzo sold 18,578 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $17,991,267.60. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on ALL. Piper Sandler upped their price objective on Allstate from $252.00 to $268.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Raymond James Financial reissued a “strong-buy” rating and set a $260.00 price target on shares of Allstate in a research report on Tuesday, March 3rd. Weiss Ratings raised Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $220.00 price target on shares of Allstate in a research report on Thursday, February 5th. Finally, Mizuho reduced their price target on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and an average target price of $241.67.

Allstate News Roundup

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

Allstate Stock Performance

Shares of NYSE ALL opened at $217.42 on Monday. The stock has a 50 day moving average price of $211.19 and a 200 day moving average price of $207.17. The Allstate Corporation has a 52 week low of $188.08 and a 52 week high of $222.23. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $55.97 billion, a PE ratio of 4.80, a price-to-earnings-growth ratio of 0.39 and a beta of 0.21.

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

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.