Allstate (NYSE:ALL) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Allstate (NYSE:ALL) from a buy rating to a hold rating in a report published on Saturday morning.

A number of other brokerages have also recently commented on ALL. JPMorgan Chase & Co. increased their price target on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Evercore set a $225.00 price target on shares of Allstate in a research report on Wednesday, January 7th. Weiss Ratings upgraded shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, March 23rd. Zacks Research cut shares of Allstate from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $231.00 target price on shares of Allstate in a report on Thursday, March 5th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $240.56.

Allstate Stock Down 0.1%

Shares of NYSE ALL opened at $217.10 on Friday. Allstate has a one year low of $188.08 and a one year high of $221.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.37. The firm’s 50 day simple moving average is $210.35 and its two-hundred day simple moving average is $205.87. The stock has a market capitalization of $55.89 billion, a P/E ratio of 4.79, a PEG ratio of 0.44 and a beta of 0.21.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The business had revenue of $16.94 billion for the quarter, compared to analysts’ expectations of $15.24 billion. During the same period last year, the business earned $3.53 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, analysts expect that Allstate will post 26.35 EPS for the current fiscal year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were issued a $1.08 dividend. This is a positive change from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, March 2nd. Allstate’s dividend payout ratio (DPR) is 9.53%.

Institutional Trading of Allstate

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp lifted its stake in Allstate by 4.7% in the third quarter. Truist Financial Corp now owns 123,461 shares of the insurance provider’s stock worth $26,501,000 after acquiring an additional 5,542 shares during the period. Davis Capital Management purchased a new stake in Allstate in the third quarter worth $2,767,000. First Horizon Corp purchased a new stake in Allstate in the third quarter worth $11,109,000. Coastal Bridge Advisors LLC lifted its stake in Allstate by 530.6% in the third quarter. Coastal Bridge Advisors LLC now owns 18,174 shares of the insurance provider’s stock worth $3,901,000 after acquiring an additional 15,292 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in Allstate by 6.9% in the third quarter. Jones Financial Companies Lllp now owns 189,718 shares of the insurance provider’s stock worth $40,489,000 after acquiring an additional 12,225 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Key Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Big Q1 beat — Allstate reported $10.65 EPS vs. consensus ~ $7.3 and revenue above estimates; strong underwriting, higher premiums and lower catastrophe losses drove a material profit rebound. Earnings Release & Transcript
• Positive Sentiment: Earnings call tone was upbeat and highlighted market-share gains in auto and homeowners lines, reinforcing the operational momentum behind the quarterly beat. Earnings Call Coverage
• Positive Sentiment: Analysts are raising forecasts after Q1 results, reflecting higher EPS expectations and improved metrics. This analyst support can underpin the stock following the beat. Analyst Reactions
• Neutral Sentiment: Citigroup raised its price target from $221 to $226 but maintained a “neutral” rating — a modest upgrade that signals respect for the results but not a decisive buy endorsement. Citigroup Note
• Neutral Sentiment: Allstate’s 2025 10‑K shows a stable overall risk profile with one new regulatory disclosure; no new material threats were flagged, keeping long‑term risk unchanged. 10‑K Risk Note
• Negative Sentiment: Despite the beat, some analyst reactions remain cautious and the Citigroup move implies only ~4% upside to its target — that limited near-term upside and mixed ratings can restrain further share gains. Citigroup Note

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.