Cantor Fitzgerald Weighs in on Allstate FY2025 Earnings

Key Points

• Cantor Fitzgerald has projected that Allstate's FY2025 earnings per share (EPS) will be $23.81, significantly higher than the consensus estimate of $18.74 for the current fiscal year.
• Several brokerages have upgraded their ratings on Allstate, with Jefferies raising the price target from $254.00 to $255.00 and maintaining a "buy" rating.
• Allstate announced a quarterly dividend of $1.00 per share, representing an annualized yield of 1.9%, with the dividend set to be paid on October 1st.

The Allstate Corporation (NYSE:ALL - Free Report) - Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Allstate in a report issued on Wednesday, August 13th. Cantor Fitzgerald analyst R. Tunis anticipates that the insurance provider will post earnings per share of $23.81 for the year. Cantor Fitzgerald has a "Hold" rating on the stock. The consensus estimate for Allstate's current full-year earnings is $18.74 per share. Cantor Fitzgerald also issued estimates for Allstate's FY2026 earnings at $22.40 EPS.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping the consensus estimate of $3.20 by $2.74. The company had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%. Allstate's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $1.61 EPS.

Several other analysts have also recently issued reports on the company. Citigroup raised Allstate to a "hold" rating in a research report on Wednesday, August 13th. UBS Group increased their target price on Allstate from $230.00 to $235.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Wall Street Zen raised Allstate from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Keefe, Bruyette & Woods increased their target price on Allstate from $237.00 to $246.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group raised their price objective on Allstate from $254.00 to $255.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Allstate presently has a consensus rating of "Moderate Buy" and an average target price of $229.33.

Allstate Stock Up 1.0%

NYSE ALL traded up $2.17 during midday trading on Friday, hitting $209.26. 38,908 shares of the company traded hands, compared to its average volume of 1,726,465. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $55.14 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 0.84 and a beta of 0.35. The company's 50-day simple moving average is $198.28 and its 200-day simple moving average is $198.62. Allstate has a 52 week low of $176.00 and a 52 week high of $213.18.

Hedge Funds Weigh In On Allstate

Institutional investors have recently modified their holdings of the stock. Arlington Trust Co LLC raised its stake in shares of Allstate by 261.8% during the 2nd quarter. Arlington Trust Co LLC now owns 123 shares of the insurance provider's stock valued at $25,000 after buying an additional 89 shares during the last quarter. Hughes Financial Services LLC purchased a new position in shares of Allstate during the 1st quarter valued at about $28,000. Kapitalo Investimentos Ltda purchased a new position in shares of Allstate during the 4th quarter valued at about $29,000. Clearstead Trust LLC raised its stake in shares of Allstate by 3,800.0% during the 2nd quarter. Clearstead Trust LLC now owns 156 shares of the insurance provider's stock valued at $31,000 after buying an additional 152 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of Allstate by 315.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company's stock.

Allstate Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. Allstate's dividend payout ratio (DPR) is presently 18.81%.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.