Cantor Fitzgerald Raises Earnings Estimates for Allstate

Key Points

• Cantor Fitzgerald has raised its FY2025 earnings per share estimate for Allstate from $23.81 to $25.60, while maintaining a "Hold" rating on the stock.
• Allstate reported strong quarterly earnings of $5.94 per share, exceeding expectations by $2.74, despite revenues of $15.05 billion falling short of estimates.
• Various analysts have upgraded their ratings and price targets for Allstate, with JPMorgan raising its target to $254.00 and UBS increasing it to $250.00.

The Allstate Corporation (NYSE:ALL - Free Report) - Investment analysts at Cantor Fitzgerald increased their FY2025 EPS estimates for shares of Allstate in a research report issued to clients and investors on Thursday, October 9th. Cantor Fitzgerald analyst R. Tunis now anticipates that the insurance provider will post earnings per share of $25.60 for the year, up from their previous estimate of $23.81. Cantor Fitzgerald currently has a "Hold" rating on the stock. The consensus estimate for Allstate's current full-year earnings is $18.74 per share.

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

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Allstate from $235.00 to $254.00 and gave the stock an "overweight" rating in a report on Thursday. Weiss Ratings reissued a "buy (b)" rating on shares of Allstate in a report on Wednesday, October 8th. UBS Group raised their price target on shares of Allstate from $235.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup raised shares of Allstate to a "hold" rating in a report on Wednesday, August 13th. Finally, Evercore ISI set a $233.00 price target on shares of Allstate and gave the stock an "in-line" rating in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $234.50.

Allstate Price Performance

Shares of Allstate stock opened at $205.59 on Monday. The firm has a market cap of $54.17 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 0.78 and a beta of 0.38. Allstate has a 12-month low of $176.00 and a 12-month high of $215.70. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37. The company's fifty day simple moving average is $206.06 and its two-hundred day simple moving average is $201.01.

Institutional Investors Weigh In On Allstate

A number of large investors have recently modified their holdings of ALL. Arlington Trust Co LLC lifted its position in 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 acquiring an additional 89 shares during the period. Hughes Financial Services LLC purchased a new position in Allstate during the 1st quarter valued at about $28,000. Clearstead Trust LLC lifted its position in 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 acquiring an additional 152 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Allstate by 315.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 166 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 126 shares during the period. Finally, Hilltop National Bank purchased a new position in Allstate during the 2nd quarter valued at about $34,000. Institutional investors own 76.47% of the company's stock.

Allstate Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, August 29th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.9%. Allstate's payout ratio is presently 18.81%.

About Allstate

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.

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