Rep. Julie Johnson Sells The Allstate Co. (NYSE:ALL) Stock

Representative Julie Johnson (D-Texas) recently sold shares of The Allstate Co. (NYSE:ALL). In a filing disclosed on May 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Allstate stock on April 7th. The trade occurred in the Representative’s “MERRILL LYNCH LONG TERM GROWTH” account.

Representative Julie Johnson also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/30/2025.
• Sold $1,001 – $15,000 in shares of Blackstone (NYSE:BX) on 4/22/2025.
• Purchased $1,001 – $15,000 in shares of Fidelity National Information Services (NYSE:FIS) on 4/22/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/15/2025.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 4/11/2025.
• Purchased $1,001 – $15,000 in shares of 3M (NYSE:MMM) on 4/11/2025.
• Sold $1,001 – $15,000 in shares of DT Midstream (NYSE:DTM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Howmet Aerospace (NYSE:HWM) on 4/7/2025.
• Sold $1,001 – $15,000 in shares of Carlisle Companies (NYSE:CSL) on 4/7/2025.

Allstate Stock Performance

Shares of ALL opened at $209.13 on Friday. The firm has a 50-day moving average price of $199.48 and a 200 day moving average price of $195.69. The firm has a market capitalization of $55.38 billion, a PE ratio of 12.31, a P/E/G ratio of 1.01 and a beta of 0.32. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The Allstate Co. has a 52-week low of $156.66 and a 52-week high of $212.91.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a net margin of 7.28% and a return on equity of 28.20%. The business had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter last year, the business posted $5.13 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts anticipate that The Allstate Co. will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Allstate’s previous quarterly dividend of $0.92. Allstate’s dividend payout ratio is currently 27.32%.

Allstate declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

ALL has been the subject of several research reports. StockNews.com upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Wells Fargo & Company reduced their price objective on shares of Allstate from $200.00 to $197.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 6th. Argus upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. raised their price objective on shares of Allstate from $217.00 to $222.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Finally, Morgan Stanley upped their price objective on shares of Allstate from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $225.20.

Institutional Trading of Allstate

Institutional investors have recently made changes to their positions in the stock. VSM Wealth Advisory LLC acquired a new stake in shares of Allstate during the fourth quarter worth approximately $25,000. Hughes Financial Services LLC acquired a new stake in shares of Allstate during the first quarter worth approximately $28,000. Twin Tree Management LP acquired a new stake in shares of Allstate during the fourth quarter worth approximately $27,000. Vision Financial Markets LLC acquired a new stake in shares of Allstate during the fourth quarter worth approximately $29,000. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Allstate during the fourth quarter worth approximately $29,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.