EVP Robert Toohey sold 16,682 shares of Allstate (ALL) for $3,005,526.68 on 2024-08-19, reducing holdings by 77.4%.
Toohey executed 2 separate sales totaling 16,682 shares at a blended average price of $180.17, liquidating 77.4% of his pre-transaction holdings of 21,555 shares. The sale occurred near the 52-week high of $180.95, with stock currently trading at $178.84. While Allstate reported strong recent fundamentals—quarterly revenue of $15,714,000,000.00, annual revenue growth of 11.0%, and a P/E of 15.56—the company was unprofitable over its most recent full fiscal year. The substantial reduction in Toohey's position relative to prior holdings warrants examination of whether this reflects structured estate or portfolio management given his executive status, or signals in his view to capital allocation priorities at the firm.