Allstate (NYSE:ALL) Stock Gets Price Target Boost from Barclays

Allstate (NYSE:ALL) had its target price lifted by Barclays from $221.00 to $228.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “underweight” rating on the insurance provider’s stock. Barclays‘s price objective indicates a potential downside of 10.68% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 15th. Mizuho reduced their target price on shares of Allstate from $300.00 to $295.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Cantor Fitzgerald upped their target price on shares of Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. The Goldman Sachs Group decreased their target price on shares of Allstate from $280.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. Finally, Wall Street Zen lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $272.00.

Allstate Stock Down 4.3%

Shares of ALL traded down $11.45 during midday trading on Thursday, reaching $255.27. 2,174,521 shares of the company were exchanged, compared to its average volume of 1,654,795. Allstate has a 1-year low of $191.13 and a 1-year high of $281.11. The stock has a 50-day moving average price of $245.92 and a 200-day moving average price of $229.83. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24. The company has a market cap of $64.55 billion, a price-to-earnings ratio of 5.78, a P/E/G ratio of 0.58 and a beta of 0.13.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $2.87. The business had revenue of $17.35 billion during the quarter, compared to analyst estimates of $15.87 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the firm earned $11.17 earnings per share. Research analysts expect that Allstate will post 36.34 earnings per share for the current year.

Insider Activity at Allstate

In other news, COO Mario Rizzo sold 56,225 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the completion of the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $21,747,396.96. This represents a 40.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.55% of the company’s stock.

Institutional Trading of Allstate

A number of hedge funds and other institutional investors have recently made changes to their positions in ALL. Vista Capital Partners Inc. bought a new stake in shares of Allstate in the 3rd quarter worth about $504,000. Aberdeen Group plc raised its stake in shares of Allstate by 2.2% in the 3rd quarter. Aberdeen Group plc now owns 261,576 shares of the insurance provider’s stock valued at $58,033,000 after purchasing an additional 5,632 shares in the last quarter. Valmark Advisers Inc. lifted its position in shares of Allstate by 18.5% during the third quarter. Valmark Advisers Inc. now owns 1,470 shares of the insurance provider’s stock worth $326,000 after purchasing an additional 230 shares during the last quarter. Allworth Financial LP lifted its position in shares of Allstate by 2.6% during the third quarter. Allworth Financial LP now owns 62,991 shares of the insurance provider’s stock worth $14,988,000 after purchasing an additional 1,573 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. lifted its position in shares of Allstate by 155.3% during the third quarter. Eurizon Capital SGR S.p.A. now owns 127,893 shares of the insurance provider’s stock worth $28,386,000 after purchasing an additional 77,789 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate News Roundup

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Third-quarter EPS of $9.76 beat estimates by about 39%, with strength in Protection Services and investment income. Allstate also reported growth in insurance policies. Allstate Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Management highlighted plans to use AI to improve distribution, including a personal assistant targeted for early 2027—an opportunity to improve customer experience and efficiency. Allstate Q3 Earnings Call Highlights AI Expansion and Margin Focus
• Neutral Sentiment: Analyst views were mixed: Wells Fargo raised its target to $252 and kept an Equal Weight rating, while HSBC moved Allstate from Buy to Hold with a $271 target.
• Negative Sentiment: Catastrophe losses contributed to a roughly 45% year-over-year drop in third-quarter net income. Investors are also watching pressure on auto margins as underlying loss costs rise while average premiums fall. Allstate grows auto policies as loss costs rise
• Negative Sentiment: Some analysts remain bearish despite raising their targets: Citigroup maintained Sell at $225, and Barclays retained Underweight at $228. Both targets are below the share price referenced in the reports. Put-option volume also rose sharply, suggesting increased hedging or bearish positioning.

About Allstate

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance.

The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.

Founded in 1931 as part of Sears, Roebuck and Co, Allstate became an independent, publicly traded company in 1993.