Roth Capital Has Negative Estimate for Allstate Q1 Earnings

The Allstate Co. (NYSE:ALL - Free Report) - Analysts at Roth Capital lowered their Q1 2025 earnings estimates for shares of Allstate in a report released on Tuesday, April 22nd. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings per share of $2.37 for the quarter, down from their prior forecast of $3.43. The consensus estimate for Allstate's current full-year earnings is $18.74 per share. Roth Capital also issued estimates for Allstate's Q2 2025 earnings at $3.59 EPS.

Allstate (NYSE:ALL - Get Free Report) last posted its earnings results on Wednesday, February 5th. The insurance provider reported $7.67 EPS for the quarter, topping analysts' consensus estimates of $5.40 by $2.27. Allstate had a net margin of 7.28% and a return on equity of 28.20%.

A number of other research analysts also recently commented on ALL. Argus raised Allstate from a "hold" rating to a "buy" rating in a report on Monday, March 3rd. Wells Fargo & Company lifted their price objective on shares of Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. Barclays lowered their target price on shares of Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a research note on Friday, April 11th. StockNews.com downgraded shares of Allstate from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $219.27.

Allstate Stock Up 1.4 %

Shares of Allstate stock traded up $2.69 during trading hours on Thursday, hitting $198.10. 457,409 shares of the company's stock traded hands, compared to its average volume of 1,610,733. The company has a market cap of $52.53 billion, a PE ratio of 11.65, a PEG ratio of 1.01 and a beta of 0.36. Allstate has a twelve month low of $156.66 and a twelve month high of $212.91. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $197.70 and a 200-day simple moving average of $194.74.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a $1.00 dividend. This is a boost from Allstate's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.00 annualized dividend and a dividend yield of 2.02%. Allstate's dividend payout ratio is presently 23.54%.

Allstate announced that its board has initiated a share buyback plan on Wednesday, February 26th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the insurance provider to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $186.53, for a total value of $7,480,226.06. Following the completion of the transaction, the chief financial officer now owns 18,115 shares in the company, valued at $3,378,990.95. This represents a 68.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. VSM Wealth Advisory LLC bought a new stake in shares of Allstate in the 4th quarter worth approximately $25,000. Twin Tree Management LP purchased a new stake in Allstate in the 4th quarter worth approximately $27,000. Vision Financial Markets LLC acquired a new stake in Allstate during the fourth quarter valued at $29,000. Hopwood Financial Services Inc. bought a new stake in shares of Allstate in the 4th quarter valued at approximately $29,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Allstate in the fourth quarter worth approximately $29,000. 76.47% of the stock is currently owned by institutional investors.

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.