Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $2.17 Million Stock Holdings in The Allstate Corporation $ALL

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its holdings in shares of The Allstate Corporation (NYSE:ALL) by 44.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,126 shares of the insurance provider’s stock after selling 8,190 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Allstate were worth $2,174,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ALL. Convergence Financial LLC grew its stake in shares of Allstate by 1.9% in the third quarter. Convergence Financial LLC now owns 9,039 shares of the insurance provider’s stock worth $1,940,000 after purchasing an additional 169 shares during the last quarter. Wharton Business Group LLC acquired a new position in Allstate during the 3rd quarter worth about $203,000. Avestar Capital LLC bought a new stake in shares of Allstate in the 3rd quarter valued at about $323,000. NewEdge Wealth LLC increased its stake in shares of Allstate by 1.2% in the third quarter. NewEdge Wealth LLC now owns 5,604 shares of the insurance provider’s stock valued at $1,203,000 after buying an additional 69 shares during the period. Finally, Alberta Investment Management Corp raised its position in shares of Allstate by 18.6% during the third quarter. Alberta Investment Management Corp now owns 26,800 shares of the insurance provider’s stock worth $5,753,000 after acquiring an additional 4,200 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ALL. UBS Group increased their target price on shares of Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Cantor Fitzgerald reissued a “neutral” rating and set a $220.00 target price on shares of Allstate in a research note on Thursday, February 5th. Morgan Stanley restated an “equal weight” rating and issued a $215.00 target price (down previously from $245.00) on shares of Allstate in a report on Tuesday, December 16th. JPMorgan Chase & Co. increased their price target on Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets boosted their price objective on Allstate from $235.00 to $244.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and a consensus price target of $239.29.

Allstate Price Performance

ALL stock opened at $206.51 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.43. The company’s 50-day moving average is $203.99 and its 200-day moving average is $204.40. The stock has a market capitalization of $54.04 billion, a PE ratio of 5.41, a price-to-earnings-growth ratio of 0.43 and a beta of 0.23. The Allstate Corporation has a 1 year low of $176.00 and a 1 year high of $216.75.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $7.67 EPS. Equities research analysts expect that The Allstate Corporation will post 18.74 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be issued a $1.08 dividend. The ex-dividend date is Monday, March 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio (DPR) is 10.47%.

Insider Transactions at Allstate

In other Allstate news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the completion of the sale, the insider owned 100,646 shares in the company, valued at approximately $21,135,660. The trade was a 16.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders have sold 24,729 shares of company stock valued at $5,219,282. Company insiders own 1.70% of the company’s stock.

Allstate News Roundup

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Allstate declared roughly $29.3M in preferred dividends for the Jan. 15–Apr. 14 period — a cash-return signal that supports income-focused holders and reinforces the company’s capital distribution profile. Allstate announces preferred dividends payable April 15, 2026
• Positive Sentiment: Allstate is targeting up to $1 billion of limit across Sanders Re III & Sanders Re IV cat bonds — a move that broadens catastrophe risk transfer capacity and may reduce underwriting volatility. Allstate now targets up to $1bn of limit across Sanders Re III & Sanders Re IV cat bonds
• Positive Sentiment: Zacks Research issued several upward revisions to near-term quarter estimates (Q4 2026 and Q3 2027 EPS were raised), indicating some analyst recognition of stronger near-term operating performance. (Zacks summary available via market data reports.)
• Neutral Sentiment: Wells Fargo trimmed its price target slightly from $228 to $227 and keeps an “equal weight” rating — a modest change that still implies roughly ~10% upside from current levels. Analyst price-target note
• Neutral Sentiment: Marketing/promotional item: official rules posted for the 2026 Allstate Women’s Tournament Challenge sweepstakes — immaterial for fundamentals but relevant for brand/marketing visibility. Sweepstakes rules
• Negative Sentiment: Allstate reported estimated January catastrophe losses of $175M ($138M after-tax), primarily from Winter Storm Fern — a near-term hit to underwriting results that can pressure quarterly earnings. January 2026 Monthly Release
• Negative Sentiment: Zacks cut its Q4 2027 EPS estimate (from $8.20 to $7.58) and set FY2028 EPS well below the current consensus — items that suggest some downward pressure on longer-term earnings expectations.

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.