Zacks Research Has Bearish Forecast for Allstate Q4 Earnings

The Allstate Corporation (NYSE:ALL) – Research analysts at Zacks Research cut their Q4 2027 earnings per share estimates for Allstate in a research note issued on Wednesday, May 13th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings per share of $7.37 for the quarter, down from their previous estimate of $7.58. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Allstate’s current full-year earnings is $28.82 per share. Zacks Research also issued estimates for Allstate’s Q1 2028 earnings at $6.93 EPS.

Several other analysts have also commented on the company. Piper Sandler raised their price objective on Allstate from $252.00 to $268.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Mizuho lowered their price target on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Weiss Ratings raised Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, March 23rd. Barclays lifted their price target on Allstate from $207.00 to $208.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $231.00 price target on shares of Allstate in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.67.

Allstate Stock Down 0.1%

Shares of ALL opened at $215.35 on Thursday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25. Allstate has a 12 month low of $188.08 and a 12 month high of $222.23. The stock’s 50 day moving average is $211.07 and its two-hundred day moving average is $206.83. The firm has a market cap of $55.44 billion, a P/E ratio of 4.75, a PEG ratio of 0.39 and a beta of 0.21.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating the consensus estimate of $7.31 by $3.34. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same period last year, the company earned $3.53 earnings per share. Allstate’s quarterly revenue was up 3.0% compared to the same quarter last year.

Insider Buying and Selling

In related news, COO Mario Rizzo sold 18,578 shares of Allstate stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the transaction, the chief operating officer owned 82,227 shares in the company, valued at approximately $17,991,267.60. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On Allstate

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALL. Brighton Jones LLC raised its position in Allstate by 60.2% in the fourth quarter. Brighton Jones LLC now owns 6,500 shares of the insurance provider’s stock valued at $1,253,000 after purchasing an additional 2,443 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Allstate in the fourth quarter valued at $231,000. WINTON GROUP Ltd purchased a new stake in Allstate in the second quarter valued at $210,000. Treasurer of the State of North Carolina raised its position in Allstate by 2.5% in the second quarter. Treasurer of the State of North Carolina now owns 123,272 shares of the insurance provider’s stock valued at $24,816,000 after purchasing an additional 3,051 shares during the period. Finally, Ieq Capital LLC raised its position in Allstate by 20.1% in the second quarter. Ieq Capital LLC now owns 38,316 shares of the insurance provider’s stock valued at $7,713,000 after purchasing an additional 6,412 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

About Allstate

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.