Empirical Financial Services LLC d.b.a. Empirical Wealth Management Lowers Stock Holdings in The Allstate Corporation $ALL

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its stake in The Allstate Corporation (NYSE:ALL) by 41.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,899 shares of the insurance provider’s stock after selling 4,232 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Allstate were worth $1,223,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Allstate by 60.2% during the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock worth $1,253,000 after purchasing an additional 2,443 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Allstate during the fourth quarter worth about $231,000. WINTON GROUP Ltd acquired a new position in Allstate in the second quarter valued at approximately $210,000. Treasurer of the State of North Carolina lifted 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 during the last quarter. Finally, Ieq Capital LLC lifted its position in Allstate by 20.1% in the second quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock valued at $7,713,000 after buying an additional 6,412 shares during the last quarter. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Andrea Redmond sold 2,225 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $202.91, for a total value of $451,474.75. Following the sale, the director owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mario Rizzo sold 18,578 shares of the company’s stock in a transaction on Friday, May 1st. The shares were 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 owned 82,227 shares in the company, valued at $17,991,267.60. This represents a 18.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,353 shares of company stock worth $4,851,560 in the last ninety days. Insiders own 1.55% of the company’s stock.

More Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: JPMorgan Chase raised its price target on Allstate to $282 from $263 and reiterated an overweight rating, signaling continued analyst confidence in the stock’s upside. Allstate (NYSE:ALL) Price Target Raised to $282.00 at JPMorgan Chase & Co.
• Positive Sentiment: Allstate announced Christian Lown as its new Chief Financial Officer, effective Aug. 3, a leadership move that could be viewed as strengthening financial management. Allstate names Christian Lown Chief Financial Officer
• Neutral Sentiment: Allstate’s new homeowner insurance review and its “America’s Best Drivers Report” coverage add brand visibility, but these items are unlikely to move the stock materially on their own. Allstate Homeowners Insurance Review for 2026 Tampa drivers drop 19 spots in Allstate’s annual Best Drivers Report
• Neutral Sentiment: The company’s “Best Drivers Report” and related local headlines may support marketing and consumer awareness, but they do not appear to change the earnings outlook meaningfully. Allstate’s 2026 America’s Best Drivers Report: 10 Unsafe Cities
• Negative Sentiment: A Zacks article noted that Allstate stock slid while the broader market rose, reflecting near-term selling pressure despite the company’s recent upbeat news flow. Allstate (ALL) Stock Slides as Market Rises: Facts to Know Before You Trade
• Negative Sentiment: Allstate’s shares also faced some short-term negative attention from market commentary despite otherwise favorable analyst and corporate updates. CoStar CFO heads to Allstate with $2M sign-on bonus

Analyst Ratings Changes

Several research analysts have recently commented on the company. Cantor Fitzgerald raised their price target on Allstate from $236.00 to $242.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Raymond James Financial boosted their price target on shares of Allstate from $260.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Monday, July 6th. Evercore set a $240.00 price objective on Allstate in a report on Friday, July 10th. Mizuho lifted their price target on shares of Allstate from $255.00 to $272.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Finally, Wells Fargo & Company boosted their price objective on Allstate from $229.00 to $243.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $253.05.

Allstate Trading Down 4.3%

NYSE:ALL opened at $239.51 on Thursday. 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 Allstate Corporation has a 1 year low of $188.08 and a 1 year high of $257.67. The stock has a fifty day moving average price of $226.00 and a two-hundred day moving average price of $213.88. The stock has a market capitalization of $61.65 billion, a price-to-earnings ratio of 5.28, a PEG ratio of 0.44 and a beta of 0.16.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The firm had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.53 earnings per share. As a group, sell-side analysts anticipate that The Allstate Corporation will post 29.99 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, August 31st will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 31st. Allstate’s dividend payout ratio (DPR) is 9.53%.

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.