Zacks Research Comments on Allstate’s Q2 Earnings (NYSE:ALL)

The Allstate Co. (NYSE:ALL) – Stock analysts at Zacks Research increased their Q2 2026 EPS estimates for Allstate in a research report issued to clients and investors on Wednesday, December 18th. Zacks Research analyst Z. Masood now expects that the insurance provider will earn $3.47 per share for the quarter, up from their previous forecast of $3.46. The consensus estimate for Allstate’s current full-year earnings is $16.26 per share.

A number of other brokerages have also recently issued reports on ALL. Morgan Stanley upped their price objective on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Piper Sandler upped their target price on shares of Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. The Goldman Sachs Group upped their price objective on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Bank of America boosted their target price on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group raised their price target on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $217.19.

Allstate Price Performance

NYSE:ALL opened at $195.52 on Monday. The stock’s 50-day simple moving average is $195.78 and its 200 day simple moving average is $182.73. Allstate has a 52-week low of $137.07 and a 52-week high of $209.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $51.77 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.70 and a beta of 0.50.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. Allstate’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS.

Allstate Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be given a $0.92 dividend. The ex-dividend date is Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.88%. Allstate’s dividend payout ratio is presently 23.83%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its position in Allstate by 1.1% in the 3rd quarter. State Street Corp now owns 11,496,306 shares of the insurance provider’s stock valued at $2,190,758,000 after acquiring an additional 126,922 shares during the period. Geode Capital Management LLC increased its holdings in Allstate by 1.2% in the third quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock valued at $1,178,164,000 after purchasing an additional 74,537 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Allstate by 18.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,000,866 shares of the insurance provider’s stock worth $569,114,000 after buying an additional 472,040 shares during the period. Raymond James & Associates grew its position in shares of Allstate by 10.6% in the 3rd quarter. Raymond James & Associates now owns 1,517,800 shares of the insurance provider’s stock valued at $287,851,000 after buying an additional 145,986 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Allstate by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider’s stock valued at $229,545,000 after buying an additional 47,038 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.