Leeward Investments LLC MA Sells 42,260 Shares of The Allstate Corporation $ALL

Leeward Investments LLC MA reduced its stake in The Allstate Corporation (NYSE:ALL) by 55.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,691 shares of the insurance provider’s stock after selling 42,260 shares during the quarter. Leeward Investments LLC MA’s holdings in Allstate were worth $7,013,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Truist Financial Corp raised its holdings in Allstate by 4.7% in the 3rd quarter. Truist Financial Corp now owns 123,461 shares of the insurance provider’s stock valued at $26,501,000 after acquiring an additional 5,542 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Allstate by 6.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 189,718 shares of the insurance provider’s stock valued at $40,489,000 after acquiring an additional 12,225 shares in the last quarter. Coastal Bridge Advisors LLC raised its holdings in Allstate by 530.6% in the 3rd quarter. Coastal Bridge Advisors LLC now owns 18,174 shares of the insurance provider’s stock valued at $3,901,000 after acquiring an additional 15,292 shares in the last quarter. Caprock Group LLC acquired a new position in Allstate in the 3rd quarter valued at $3,598,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Allstate in the 3rd quarter valued at $1,862,000. 76.47% of the stock is owned by institutional investors.

Allstate Trading Up 0.4%

ALL opened at $217.42 on Friday. The company’s 50 day moving average is $211.19 and its 200-day moving average is $207.07. The Allstate Corporation has a 1-year low of $188.08 and a 1-year high of $222.23. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. The company has a market cap of $55.97 billion, a P/E ratio of 4.80, a PEG ratio of 0.39 and a beta of 0.21.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ALL. Weiss Ratings raised shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, March 23rd. Raymond James Financial reissued a “strong-buy” rating and issued a $260.00 price objective on shares of Allstate in a research note on Tuesday, March 3rd. Mizuho decreased their price objective 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. Wall Street Zen cut shares of Allstate from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $220.00 price objective on shares of Allstate in a research note on Thursday, February 5th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.67.

Insider Buying and Selling at Allstate

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 shares were sold at an average price of $218.80, for a total value of $4,064,866.40. Following the sale, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $17,991,267.60. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.55% of the company’s stock.

More Allstate News

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 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.