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Thomas J. Wilson, Chairman, President, and CEO of Allstate Corp (NYSE:ALL), recently sold a significant portion of his stock holdings in the company. According to the latest SEC filings, Wilson sold a total of 31,503 shares of Allstate common stock on February 24, 2025. The sales were executed at prices ranging from $186.83 to $189.52 per share, amounting to a total value of approximately $5.93 million. The insurance giant, currently valued at $50 billion, appears undervalued according to InvestingPro analysis.
The transactions were made under a Rule 10b5-1 trading plan, which Wilson adopted on August 22, 2024. Following these sales, Wilson’s direct and indirect ownership of Allstate stock stands at various levels across different holding entities, with notable holdings in trusts and other investment vehicles. The company maintains a GREAT financial health score and has raised its dividend for 14 consecutive years, according to InvestingPro data.
In addition to the stock sales, Wilson also acquired 93,349 shares through an employee stock option exercise, which is set to vest in increments over the next three years. For comprehensive analysis of Allstate’s insider transactions and over 30 key financial metrics, access the full Pro Research Report on InvestingPro.
In other recent news, Allstate Corporation reported significant January catastrophe losses totaling $1.08 billion, primarily due to the California wildfires. The company’s policies in force showed mixed results, with a slight decrease in auto policies but a marginal increase in homeowners’ policies. Analysts at Keefe, Bruyette & Woods reiterated an Outperform rating for Allstate, maintaining a price target of $240, while Raymond (NSE:RYMD) James also reaffirmed a Strong Buy rating with the same price target. Keefe analysts raised their earnings per share estimates for 2025 and 2026, reflecting expectations of improved net investment income and reduced core loss ratios. Raymond James adjusted its EPS forecasts to $17.15 for 2025 and $19.00 for 2026, citing wildfire losses and increased expenses. Additionally, CFRA upgraded Allstate’s stock rating to Strong Buy, with a $230 price target, highlighting the company’s strategic initiatives and pricing discipline. These developments underscore ongoing confidence in Allstate’s ability to manage risks and achieve growth despite recent financial challenges.
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