Cramer Rosenthal Mcglynn LLC Lowers Stake in The Allstate Co. (NYSE:ALL)

18 Apr 2025, 10:03 by Scott Moore · The Cerbat Gem

Cramer Rosenthal Mcglynn LLC cut its stake in The Allstate Co. (NYSE:ALL – Free Report) by 3.6% during the fourth quarter, HoldingsChannel reports. The fund owned 125,145 shares of the insurance provider’s stock after selling 4,715 shares during the quarter. Allstate comprises about 1.4% of Cramer Rosenthal Mcglynn LLC’s holdings, making the stock its 28th largest position. Cramer Rosenthal Mcglynn LLC’s holdings in Allstate were worth $24,127,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in Allstate by 5.2% in the third quarter. JPMorgan Chase & Co. now owns 577,934 shares of the insurance provider’s stock worth $109,605,000 after purchasing an additional 28,584 shares in the last quarter. Ameritas Advisory Services LLC grew its position in shares of Allstate by 117.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 4,896 shares of the insurance provider’s stock worth $944,000 after buying an additional 2,643 shares during the last quarter. Hennessy Advisors Inc. raised its stake in shares of Allstate by 6.9% during the 4th quarter. Hennessy Advisors Inc. now owns 58,600 shares of the insurance provider’s stock worth $11,297,000 after acquiring an additional 3,800 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Allstate by 10.5% during the fourth quarter. Los Angeles Capital Management LLC now owns 508,664 shares of the insurance provider’s stock valued at $98,065,000 after acquiring an additional 48,382 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its stake in Allstate by 33.3% in the fourth quarter. Artemis Investment Management LLP now owns 401,542 shares of the insurance provider’s stock valued at $77,413,000 after acquiring an additional 100,311 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Jesse E. Merten sold 40,102 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the sale, the chief financial officer now owns 18,115 shares in the company, valued at approximately $3,378,990.95. This trade represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Allstate Trading Up 0.2 %

NYSE ALL opened at $194.61 on Friday. The Allstate Co. has a 1 year low of $156.66 and a 1 year high of $212.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.36 and a quick ratio of 0.40. The company has a market capitalization of $51.58 billion, a PE ratio of 11.45, a P/E/G ratio of 1.01 and a beta of 0.36. The company has a fifty day moving average of $197.17 and a 200 day moving average of $194.31.

Allstate (NYSE:ALL – Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Research analysts forecast that The Allstate Co. will post 18.74 earnings per share for the current year.

Allstate announced that its board has initiated a stock repurchase program on Wednesday, February 26th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the insurance provider to purchase up to 3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.06%. 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 23.54%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ALL. Evercore ISI raised Allstate from an “in-line” rating to an “outperform” rating in a research report on Wednesday, January 8th. Argus upgraded Allstate from a “hold” rating to a “buy” rating in a research note on Monday, March 3rd. StockNews.com upgraded Allstate from a “hold” rating to a “buy” rating in a research note on Tuesday, April 8th. Wells Fargo & Company increased their price objective on shares of Allstate from $186.00 to $187.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Allstate from $240.00 to $228.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and a consensus price target of $219.27.

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