Brokers Offer Predictions for Allstate FY2026 Earnings

Key Points

• DOWLING & PARTN forecast Allstate’s FY2026 EPS at $28.00, which is below the current consensus estimate of $29.28 per share.
• Recent analyst sentiment is mixed: Allstate has a Moderate Buy consensus rating, with an average target price of $241.67, though some firms have trimmed ratings or price targets.
• Allstate’s latest quarter beat expectations sharply, reporting $10.65 EPS versus $7.31 expected, while revenue came in at $16.94 billion and the company also announced a $1.08 quarterly dividend.

The Allstate Corporation (NYSE:ALL - Free Report) - Analysts at DOWLING & PARTN issued their FY2026 earnings per share estimates for Allstate in a note issued to investors on Wednesday, May 20th. DOWLING & PARTN analyst D. Lukpanov forecasts that the insurance provider will post earnings per share of $28.00 for the year. The consensus estimate for Allstate's current full-year earnings is $29.28 per share. DOWLING & PARTN also issued estimates for Allstate's FY2027 earnings at $24.00 EPS.

Other research analysts have also recently issued research reports about the company. Wall Street Zen cut Allstate from a "buy" rating to a "hold" rating in a research report on Saturday, May 2nd. Keefe, Bruyette & Woods increased their price objective on Allstate from $260.00 to $266.00 and gave the stock an "outperform" rating in a research report on Thursday, May 7th. Mizuho cut their price objective on Allstate from $281.00 to $265.00 and set an "outperform" rating for the company in a research report on Friday, March 20th. Citigroup increased their price objective on Allstate from $221.00 to $226.00 and gave the stock a "neutral" rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their price objective on Allstate from $260.00 to $263.00 and gave the stock an "overweight" rating in a research report on Thursday, February 5th. Three 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $241.67.

Allstate Price Performance

Shares of NYSE ALL opened at $208.90 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a fifty day moving average price of $212.66 and a 200 day moving average price of $208.53. Allstate has a 1-year low of $188.08 and a 1-year high of $227.62. The company has a market cap of $53.78 billion, a PE ratio of 4.61, a P/E/G ratio of 0.38 and a beta of 0.21.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings results 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. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The firm had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $15.24 billion. During the same period last year, the company earned $3.53 earnings per share. The company's revenue for the quarter was up 3.0% on a year-over-year basis.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a $1.08 dividend. The ex-dividend date is Monday, June 1st. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.1%. Allstate's dividend payout ratio (DPR) is currently 9.53%.

Insiders Place Their Bets

In other news, COO Mario Rizzo sold 18,578 shares of the firm's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the transaction, the chief operating officer owned 82,227 shares in the company, valued at $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 is available through the SEC website. Also, insider Mark Q. Prindiville sold 1,550 shares of the firm's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total value of $335,218.50. Following the completion of the transaction, the insider owned 27,558 shares of the company's stock, valued at approximately $5,959,968.66. This represents a 5.32% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.55% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ALL. Norges Bank purchased a new position in shares of Allstate in the fourth quarter valued at $531,294,000. GQG Partners LLC increased its position in shares of Allstate by 36.0% in the fourth quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider's stock valued at $1,142,449,000 after buying an additional 1,452,993 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Allstate by 29.2% in the fourth quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider's stock valued at $1,042,321,000 after buying an additional 1,131,172 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Allstate by 1,766.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider's stock worth $180,911,000 after purchasing an additional 822,583 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in Allstate during the 3rd quarter worth about $148,641,000. 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.

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