Ethic Inc. Buys 8,993 Shares of The Allstate Corporation $ALL

Ethic Inc. increased its stake in shares of The Allstate Corporation (NYSE:ALL) by 13.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,924 shares of the insurance provider’s stock after purchasing an additional 8,993 shares during the quarter. Ethic Inc.’s holdings in Allstate were worth $17,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new position in Allstate in the 2nd quarter worth approximately $5,439,448,000. Bank of America Corp DE lifted its holdings in Allstate by 8.1% during the 1st quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider’s stock worth $1,640,748,000 after buying an additional 596,321 shares in the last quarter. GQG Partners LLC acquired a new position in Allstate during the 2nd quarter worth $1,245,710,000. Deutsche Bank AG bought a new position in Allstate in the 2nd quarter valued at $1,008,648,000. Finally, Dimensional Fund Advisors LP boosted its position in Allstate by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,804,615 shares of the insurance provider’s stock valued at $581,515,000 after buying an additional 154,259 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Trending Headlines about Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Third-quarter EPS of $9.76 beat estimates by about 39%, with strength in Protection Services and investment income. Allstate also reported growth in insurance policies. Allstate Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Management highlighted plans to use AI to improve distribution, including a personal assistant targeted for early 2027—an opportunity to improve customer experience and efficiency. Allstate Q3 Earnings Call Highlights AI Expansion and Margin Focus
• Neutral Sentiment: Analyst views were mixed: Wells Fargo raised its target to $252 and kept an Equal Weight rating, while HSBC moved Allstate from Buy to Hold with a $271 target.
• Negative Sentiment: Catastrophe losses contributed to a roughly 45% year-over-year drop in third-quarter net income. Investors are also watching pressure on auto margins as underlying loss costs rise while average premiums fall. Allstate grows auto policies as loss costs rise
• Negative Sentiment: Some analysts remain bearish despite raising their targets: Citigroup maintained Sell at $225, and Barclays retained Underweight at $228. Both targets are below the share price referenced in the reports. Put-option volume also rose sharply, suggesting increased hedging or bearish positioning.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ALL shares. HSBC cut Allstate from a “buy” rating to a “hold” rating and set a $271.00 target price for the company. in a research note on Friday. Jefferies Financial Group cut their price target on Allstate from $310.00 to $292.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. The Goldman Sachs Group decreased their price target on Allstate from $280.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. UBS Group raised their price target on Allstate from $261.00 to $275.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Weiss Ratings upgraded Allstate from a “buy (a)” rating to a “buy (a+)” rating in a research report on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $272.00.

Allstate Trading Down 4.3%

Shares of NYSE ALL opened at $255.27 on Friday. The company’s 50 day simple moving average is $245.92 and its 200 day simple moving average is $229.83. The Allstate Corporation has a fifty-two week low of $191.13 and a fifty-two week high of $281.11. The firm has a market capitalization of $64.55 billion, a P/E ratio of 5.78, a P/E/G ratio of 0.56 and a beta of 0.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.37 and a quick ratio of 0.36.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $2.87. Allstate had a net margin of 16.57% and a return on equity of 38.37%. The firm had revenue of $17.35 billion during the quarter, compared to analyst estimates of $15.87 billion. During the same quarter in the previous year, the business earned $11.17 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts predict that The Allstate Corporation will post 36.67 EPS for the current year.

Insider Buying and Selling at Allstate

In other news, COO Mario Rizzo sold 56,225 shares of the stock in a transaction 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 transaction, the chief operating officer owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This represents a 40.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.55% of the stock is currently owned by company insiders.

About Allstate

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance.

The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.

Founded in 1931 as part of Sears, Roebuck and Co, Allstate became an independent, publicly traded company in 1993.