Allstate (NYSE:ALL) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Allstate from Buy to Hold. Analyst sentiment overall is also Hold, with a consensus price target of $272.
• Allstate reported quarterly EPS of $9.76, beating the $6.89 consensus, and revenue of $17.35 billion versus expectations of $15.87 billion.
• Despite the earnings beat, investors face concerns including catastrophe losses and rising auto loss costs; Allstate shares were reported down 4.3%.

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

ALL has been the subject of a number of other research reports. Zacks Research downgraded shares of Allstate from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 15th. Atlantic Securities set a $319.00 target price on shares of Allstate in a report on Wednesday, July 15th. Argus set a $238.00 price target on shares of Allstate in a research report on Friday, August 28th. TD Cowen increased their price target on shares of Allstate from $231.00 to $260.00 and gave the stock a "hold" rating in a research note on Wednesday, September 23rd. Finally, The Goldman Sachs Group decreased their price target on shares of Allstate from $280.00 to $250.00 and set a "neutral" rating on the stock in a report on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Allstate presently has a consensus rating of "Hold" and a consensus target price of $272.00.

Allstate Trading Down 4.3%

Shares of Allstate stock opened at $255.27 on Friday. Allstate has a 52-week low of $191.13 and a 52-week high of $281.11. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The company's 50-day simple moving average is $245.92 and its 200-day simple moving average is $229.83. The firm has a market cap of $64.55 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 0.58 and a beta of 0.13.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share for the quarter, beating analysts' consensus estimates of $6.89 by $2.87. Allstate had a return on equity of 41.64% and a net margin of 18.97%. The business had revenue of $17.35 billion during the quarter, compared to analysts' expectations of $15.87 billion. During the same quarter last year, the business posted $11.17 earnings per share. The business's revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts anticipate that Allstate will post 36.34 earnings per share for the current year.

Insider Buying and Selling

In other Allstate news, COO Mario Rizzo sold 56,225 shares of Allstate stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total value of $14,870,388.00. Following the completion of the transaction, the chief operating officer owned 82,227 shares of the company's stock, valued at $21,747,396.96. The trade was a 40.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALL. Vista Capital Partners Inc. bought a new stake in Allstate during the 3rd quarter valued at about $504,000. Aberdeen Group plc boosted its position in 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 buying an additional 5,632 shares during the period. Valmark Advisers Inc. grew its stake in Allstate by 18.5% in the 3rd quarter. Valmark Advisers Inc. now owns 1,470 shares of the insurance provider's stock worth $326,000 after acquiring an additional 230 shares in the last quarter. Allworth Financial LP grew its stake in Allstate by 2.6% in the 3rd quarter. Allworth Financial LP now owns 62,991 shares of the insurance provider's stock worth $14,988,000 after acquiring an additional 1,573 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. increased 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 acquiring an additional 77,789 shares during the period. 76.47% of the stock is currently owned by institutional investors.

Key Headlines Impacting Allstate

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.

Allstate Company Profile

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.

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