Research Analysts’ Weekly Ratings Changes for Allstate (ALL)

Several brokerages have updated their recommendations and price targets on shares of Allstate (NYSE: ALL) in the last few weeks:

• 1/14/2025 – Allstate had its price target raised by analysts at Wells Fargo & Company from $186.00 to $187.00. They now have an “equal weight” rating on the stock.
• 1/10/2025 – Allstate had its price target raised by analysts at Keefe, Bruyette & Woods from $235.00 to $243.00. They now have an “outperform” rating on the stock.
• 1/8/2025 – Allstate was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating.
• 1/6/2025 – Allstate had its price target lowered by analysts at Barclays PLC from $187.00 to $183.00. They now have an “underweight” rating on the stock.
• 11/26/2024 – Allstate had its price target raised by analysts at Piper Sandler from $206.00 to $244.00. They now have an “overweight” rating on the stock.

Allstate Trading Up 0.2 %

Shares of NYSE ALL traded up $0.40 during mid-day trading on Wednesday, reaching $187.21. The company had a trading volume of 570,157 shares, compared to its average volume of 2,175,222. The stock has a market cap of $49.57 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.70 and a beta of 0.52. The Allstate Co. has a 52 week low of $150.17 and a 52 week high of $209.88. The business’s 50-day moving average is $195.89 and its 200-day moving average is $186.07. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping 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 net margin of 6.77% and a return on equity of 26.67%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company posted $0.81 earnings per share. Equities analysts expect that The Allstate Co. will post 16.26 earnings per share for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, November 29th. Allstate’s dividend payout ratio is 23.83%.

Hedge Funds Weigh In On Allstate

Several institutional investors have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Allstate by 9.2% in the 2nd quarter. LPL Financial LLC now owns 200,939 shares of the insurance provider’s stock valued at $32,082,000 after purchasing an additional 16,846 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Allstate by 3.8% in the second quarter. Oppenheimer & Co. Inc. now owns 12,061 shares of the insurance provider’s stock worth $1,926,000 after buying an additional 440 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in Allstate by 22.7% during the second quarter. Wealthspire Advisors LLC now owns 2,695 shares of the insurance provider’s stock worth $430,000 after buying an additional 498 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Allstate by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,437,688 shares of the insurance provider’s stock worth $229,545,000 after buying an additional 47,038 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Allstate in the 2nd quarter valued at $3,083,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

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.