Allstate (NYSE:ALL) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Allstate from a "buy" to a "hold" in its latest research note.
• Q1 results were strong: Allstate reported $10.65 EPS versus a $7.31 consensus and revenue of $16.94 billion, driven by better underwriting, higher premiums and lower catastrophe losses.
• Analyst reactions are mixed — the consensus is a "Moderate Buy" with an average target of $240.56, but individual price targets and ratings vary and some firms see only modest near‑term upside.

Allstate (NYSE:ALL - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other research firms have also weighed in on ALL. Mizuho decreased their price target on Allstate from $281.00 to $265.00 and set an "outperform" rating for the company in a research report on Friday, March 20th. Weiss Ratings raised shares of Allstate from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, March 23rd. JPMorgan Chase & Co. raised their target price on shares of Allstate from $260.00 to $263.00 and gave the stock an "overweight" rating in a report on Thursday, February 5th. Cantor Fitzgerald reissued a "neutral" rating and issued a $220.00 target price on shares of Allstate in a research report on Thursday, February 5th. Finally, Evercore set a $225.00 price target on shares of Allstate in a research report on Wednesday, January 7th. Three 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $240.56.

Allstate Price Performance

NYSE ALL opened at $217.10 on Friday. Allstate has a 1 year low of $188.08 and a 1 year high of $221.19. The business's fifty day moving average is $210.35 and its two-hundred day moving average is $205.87. The stock has a market capitalization of $55.89 billion, a P/E ratio of 4.79, a P/E/G ratio of 0.44 and a beta of 0.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.37 and a current ratio of 0.36.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping the consensus estimate of $7.31 by $3.34. The business had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $3.53 EPS. On average, research analysts forecast that Allstate will post 25.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Allstate

Large investors have recently made changes to their positions in the business. Welch & Forbes LLC boosted its holdings in shares of Allstate by 3.1% during the first quarter. Welch & Forbes LLC now owns 6,639 shares of the insurance provider's stock worth $1,377,000 after purchasing an additional 200 shares during the period. Midwest Trust Co lifted its position in Allstate by 7.1% in the 1st quarter. Midwest Trust Co now owns 102,379 shares of the insurance provider's stock worth $21,227,000 after buying an additional 6,809 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Allstate by 439.5% during the 1st quarter. Fifth Third Bancorp now owns 76,337 shares of the insurance provider's stock valued at $15,828,000 after acquiring an additional 62,188 shares in the last quarter. Candriam S.C.A. grew its holdings in shares of Allstate by 45.4% during the 1st quarter. Candriam S.C.A. now owns 195,952 shares of the insurance provider's stock valued at $40,629,000 after acquiring an additional 61,172 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Allstate by 5.3% during the first quarter. Sequoia Financial Advisors LLC now owns 17,770 shares of the insurance provider's stock worth $3,685,000 after acquiring an additional 896 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company's stock.

Trending Headlines about Allstate

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

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.

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