Varma Mutual Pension Insurance Co Buys Shares of 62,000 The Allstate Corporation $ALL

Varma Mutual Pension Insurance Co purchased a new position in The Allstate Corporation (NYSE:ALL) during the second quarter, Holdings Channel reports. The institutional investor purchased 62,000 shares of the insurance provider’s stock, valued at approximately $14,752,000.

Other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. acquired a new stake in shares of Allstate during the fourth quarter worth $25,000. Gables Capital Management Inc. acquired a new position in Allstate in the second quarter valued at $26,000. Navalign LLC bought a new stake in Allstate during the fourth quarter valued at $27,000. Kelleher Financial Advisors acquired a new stake in Allstate during the 2nd quarter worth about $28,000. Finally, Evolution Wealth Management Inc. raised its position in shares of Allstate by 7,000.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 140 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays boosted their price objective on Allstate from $213.00 to $226.00 and gave the company an “underweight” rating in a research note on Thursday, August 6th. Atlantic Securities set a $319.00 target price on Allstate in a report on Wednesday, July 15th. Morgan Stanley set a $265.00 price target on Allstate in a research note on Tuesday, August 11th. Weiss Ratings upgraded Allstate from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Allstate from $282.00 to $292.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $265.26.

Insider Activity at Allstate

In other news, COO Mario Rizzo sold 56,225 shares of Allstate stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the completion of the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at $21,747,396.96. This trade represents a 40.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Redmond sold 2,225 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the sale, the director owned 2,225 shares in the company, valued at $451,474.75. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 91,446 shares of company stock valued at $24,208,675. 1.55% of the stock is owned by company insiders.

More Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Zacks Research raised several Allstate EPS forecasts, including estimates for Q3 2026, FY2027, FY2028, Q1 2027, Q4 2027 and Q2 2028. Zacks maintains a “Strong-Buy” rating, supporting the view that underwriting performance and earnings power may remain resilient. Allstate earnings estimates
• Positive Sentiment: A Zacks screen identified ALL as a high-return-on-equity, cash-rich stock that could appeal to investors seeking quality and financial strength during volatile markets. High-ROE stocks article
• Neutral Sentiment: Allstate opened a new Dallas auto laboratory to train claims adjusters on increasingly complex vehicle technology. The initiative could improve claims accuracy and customer service over time, but it is unlikely to materially affect near-term earnings. Allstate Dallas auto lab
• Negative Sentiment: Keefe, Bruyette & Woods downgraded ALL from “hold” to “moderate sell,” adding to investor caution around the stock’s valuation and outlook. Allstate analyst downgrade
• Negative Sentiment: Allstate estimated July catastrophe losses of $682 million pretax, or $539 million after tax. The losses bring pretax catastrophe costs for the current aggregate year to approximately $2.402 billion, creating pressure on underwriting margins and near-term earnings. Allstate July 2026 monthly release
• Negative Sentiment: Zacks Research lowered its Q2 2027 and Q4 2026 EPS estimates, indicating that analysts still see some periods of earnings pressure despite upward revisions elsewhere. Allstate earnings estimates

Allstate Stock Performance

Shares of ALL opened at $253.82 on Monday. The Allstate Corporation has a one year low of $188.08 and a one year high of $277.22. The company has a market cap of $64.18 billion, a PE ratio of 5.07, a P/E/G ratio of 0.39 and a beta of 0.16. The stock has a 50-day moving average of $250.34 and a 200-day moving average of $225.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, topping 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 $18.60 billion for the quarter, compared to analyst estimates of $15.46 billion. During the same quarter in the prior year, the company earned $5.94 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities research analysts predict that The Allstate Corporation will post 34.45 EPS for the current fiscal year.

Allstate Dividend Announcement

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

Allstate 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.