The Allstate Co. (NYSE:ALL) Forecasted to Post Q4 2024 Earnings of $4.69 Per Share

The Allstate Co. (NYSE:ALL) – Analysts at Roth Capital increased their Q4 2024 earnings per share estimates for Allstate in a report issued on Wednesday, May 1st. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings of $4.69 per share for the quarter, up from their previous estimate of $4.49. The consensus estimate for Allstate’s current full-year earnings is $14.04 per share. Roth Capital also issued estimates for Allstate’s Q1 2025 earnings at $4.70 EPS, Q2 2025 earnings at $2.65 EPS, Q3 2025 earnings at $4.41 EPS, Q4 2025 earnings at $5.80 EPS and FY2025 earnings at $17.55 EPS.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets upped their target price on Allstate from $140.00 to $158.00 and gave the company a “market perform” rating in a research note on Friday, January 19th. Piper Sandler increased their price objective on Allstate from $172.00 to $188.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. The Goldman Sachs Group lifted their price objective on Allstate from $164.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Roth Mkm upped their target price on shares of Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Evercore ISI lifted their price target on shares of Allstate from $166.00 to $173.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $174.18.

Allstate Stock Down 0.6 %

Shares of NYSE ALL opened at $168.18 on Friday. The firm’s 50-day moving average is $166.06 and its two-hundred day moving average is $150.95. The company has a market capitalization of $44.39 billion, a PE ratio of 37.13, a price-to-earnings-growth ratio of 0.40 and a beta of 0.51. Allstate has a 12-month low of $100.57 and a 12-month high of $177.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.36 and a quick ratio of 0.37.

Allstate (NYSE:ALL) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.11 by $1.02. The business had revenue of $15.26 billion during the quarter, compared to the consensus estimate of $12.76 billion. Allstate had a return on equity of 14.44% and a net margin of 2.31%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.30) EPS.

Institutional Trading of Allstate

Several large investors have recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Allstate during the 1st quarter valued at $25,000. Rise Advisors LLC purchased a new position in Allstate in the 1st quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the first quarter valued at about $26,000. Private Wealth Management Group LLC purchased a new stake in shares of Allstate during the fourth quarter worth about $25,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Allstate in the third quarter worth about $25,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Transactions at Allstate

In related news, CAO John C. Pintozzi sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the sale, the chief accounting officer now directly owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John E. Dugenske sold 31,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the transaction, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.19%. This is an increase from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s dividend payout ratio (DPR) is 81.24%.

Allstate Company Profile

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.