Brandywine Global Investment Management Adds $13M in The Allstate Corporation ($ALL)
The fund added 52,666 shares, bringing its total to 306,489 in Allstate.
Key Points
- Brandywine Global Investment Management increased its stake in The Allstate Corporation by 20.7%, adding 52,666 shares for a total of 306,489 shares valued at $71.8 million.
- Shares of NYSE:ALL traded near $234.26 on Thursday, with a market cap of $57.3 billion and a P/E ratio of 4.92.
- Insider Eric Ferren sold 72 shares at $221.01 on June 5, 2026, while Keefe, Bruyette & Woods downgraded their rating to hold with a $242 target.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Brandywine Global Investment Management recently boosted its position in The Allstate Corporation (NYSE:ALL) by 20.7%, according to its latest Form 13F filing with the SEC. The investment firm added 52,666 shares, bringing its total holdings to 306,489 shares, valued at approximately $71.8 million as of the reporting period.
Brandywine Global Investment Management vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Brandywine Global's Allstate Position
Brandywine Global added 52,666 shares to its Allstate stake, increasing its holdings by 20.7% from the previous 253,823 shares. This move brought the total shares held to 306,489, with the reported value of these holdings reaching around $71.8 million.
Other Institutional Activity in Allstate
In other institutional activity, BlackRock, Inc. reduced its holdings by 580,247 shares, ending with 21,889,106 shares valued at about $4.54 billion, marking a 2.6% decrease. Vanguard Capital Management LLC opened a new position with 16,879,864 shares worth approximately $3.50 billion. Similarly, Vanguard Portfolio Management LLC initiated a stake of 13,649,711 shares, valued at $2.83 billion. State Street Corp trimmed its position slightly by 37,618 shares, maintaining 12,259,933 shares worth $2.55 billion, a 0.3% decrease. Franklin Resources Inc. significantly increased its stake by 3,014,768 shares, a 60.2% boost, reaching a total of 8,022,317 shares valued at $1.66 billion.
The Allstate Corporation Stock Down 7.1%
Shares of NYSE:ALL traded near $234.26 on Thursday. The Allstate Corporation has a market capitalization of $57.3 billion and a P/E ratio of 4.92. The stock's 52-week range is between $188.08 and $227.62, with a 50-day moving average of $215.89 and a 200-day moving average of $207.68. The company maintains a current ratio of 0.364 and a quick ratio of 0.236, with a debt-to-equity ratio of 23.719.
$ALL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Allstate reported revenue of $68.17 billion with a modest growth rate of 3%. The company's earnings per share stood at $45.21, with a net margin of 17.81% and a return on equity of 45.22%. The next earnings report is expected on August 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
4 analysts raised price targets.
-
EPS & revenue
EPS beat estimates by 44.7%. Revenue beat estimates by 11.1%.
-
Profit surprise
Operating income beat by 40 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
4 target raises.
-
Earnings quality
Gross margin up 26.7 points. Operating margin up 14.5 points. Negative free cash flow.
Earnings Call Summary
Allstate delivered a strong first quarter with total revenue of $16.9 billion, up 3 percent, and adjusted earnings of $10.65 per share, beating consensus of $7.43. The property liability combined ratio improved to 82 percent, driven by strong underwriting performance and favorable reserve releases from 2023 and 2024. Management highlighted gaining auto insurance market share in 29 states representing 57 percent of premiums and homeowners market share reaching 8.3 percent nationally. They emphasized their multi-lever strategy for growth including pricing sophistication, product innovation, improved customer experience and effective claims management, rather than competing solely on price. Investment income grew nearly 10 percent to $938 million. The company returned $881 million to shareholders through repurchases and dividends, completing a $1.5 billion repurchase program and launching a new $4 billion authorization.
Guidance Management did not provide explicit financial guidance for full year 2026 or next quarter. They discussed strategic plans to manage pricing, expenses and distribution across 39 states with a balanced approach of rate increases in 16 states and decreases in 23 states, resulting in net neutral rate impact. They emphasized their Rubik's cube operating model to balance growth and profitability through multiple levers beyond pricing.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
The Allstate Corporation pays an annual dividend rate of $4.32, yielding 1.95% with a payout ratio of 9.03%. The ex-dividend date was not specified.
Insider Buying and Selling at The Allstate Corporation
On June 5, 2026, Eric Ferren, the Senior Vice President, Controller, and CAO, sold 72 shares at an average price of $221.01. Andrea Carter, another insider, sold 1,654 shares at $210.84 on June 4, 2026.
Analysts Set New Price Targets
On June 8, 2026, Keefe, Bruyette & Woods downgraded Allstate to a hold rating with a price target of $242. Other analysts have maintained their ratings, with Citigroup and Wells Fargo holding at $226 and $243, respectively. The consensus recommendation for Allstate is a "buy" with a mean target price of $240.86 among 22 analysts.
About The Allstate Corporation
The Allstate Corporation, headquartered in Northbrook, Illinois, provides a variety of insurance products in the United States and Canada. It operates through segments such as Allstate Protection and Protection Services. The company offers auto, homeowners, and other personal insurance through various channels, including agents and online platforms. Allstate also provides consumer product protection plans and analytic solutions using telematics information. Founded in 1931, Allstate is led by CEO Thomas Joseph Wilson II and employs approximately 53,000 people.
Bottom Line
Brandywine Global's decision to increase its stake in Allstate reflects a notable confidence in the company's prospects. Investors keep an eye on such 13F filings to gauge institutional sentiment, although these filings are backward-looking and may not represent current positions. Despite recent insider sales and a downgrade from Keefe, Bruyette & Woods, Allstate continues to attract interest, supported by its strong financial metrics and analyst ratings.
Get The Allstate Corporation alerts
New 13F filings, insider trades, and analyst moves on $ALL, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.