FY2027 EPS Forecast for Allstate Increased by Analyst

Key Points

• DOWLING & PARTN raised its FY2027 EPS forecast for Allstate to $26.50 from $25.50 per share.
• Allstate reported quarterly EPS of $9.76, beating the $6.89 consensus, and revenue of $17.35 billion versus the $15.87 billion estimate. Revenue rose 0.5% year over year.
• Analyst views remain mixed: MarketBeat reports a consensus “Hold” rating and an average price target of $273.48.

The Allstate Corporation (NYSE:ALL - Free Report) - Equities research analysts at DOWLING & PARTN lifted their FY2027 EPS estimates for shares of Allstate in a report issued on Tuesday, November 10th. DOWLING & PARTN analyst D. Lukpanov now forecasts that the insurance provider will post earnings per share of $26.50 for the year, up from their prior forecast of $25.50. The consensus estimate for Allstate's current full-year earnings is $37.33 per share.

Allstate (NYSE:ALL - Get Free Report) last issued its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $2.87. Allstate had a net margin of 16.57% and a return on equity of 38.37%. The business had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $15.87 billion. During the same period last year, the business posted $11.17 EPS. Allstate's revenue was up .5% on a year-over-year basis.

Several other research analysts also recently commented on ALL. Raymond James Financial reiterated a "strong-buy" rating on shares of Allstate in a research note on Thursday. JPMorgan Chase & Co. increased their price target on Allstate from $282.00 to $292.00 and gave the company an "overweight" rating in a research note on Tuesday, August 11th. UBS Group increased their price target on Allstate from $275.00 to $283.00 and gave the company a "neutral" rating in a research note on Tuesday. Evercore raised their price target on Allstate from $240.00 to $262.00 in a report on Thursday, October 8th. Finally, Bank of America upped their price objective on shares of Allstate from $336.00 to $340.00 and gave the company a "buy" rating in a report on Monday, October 12th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Allstate presently has a consensus rating of "Hold" and an average price target of $273.48.

Allstate Price Performance

NYSE:ALL opened at $266.68 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.25. The stock's 50 day moving average price is $246.06 and its two-hundred day moving average price is $231.16. The firm has a market capitalization of $65.99 billion, a price-to-earnings ratio of 6.04, a P/E/G ratio of 0.56 and a beta of 0.13. Allstate has a 12-month low of $191.13 and a 12-month high of $281.11.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Monday, November 30th will be paid a dividend of $1.08 per share. The ex-dividend date is Monday, November 30th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.6%. Allstate's dividend payout ratio (DPR) is 9.78%.

Institutional Trading of Allstate

Several hedge funds have recently added to or reduced their stakes in ALL. Gables Capital Management Inc. acquired a new position in Allstate in the 2nd quarter valued at $26,000. Kelleher Financial Advisors bought a new stake in shares of Allstate in the second quarter valued at about $28,000. Allied Private Wealth LLC bought a new stake in shares of Allstate in the second quarter valued at about $29,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Allstate in the first quarter valued at about $30,000. Finally, Prudent Man Investment Management Inc. acquired a new position in shares of Allstate in the third quarter valued at about $30,000. 76.47% of the stock is owned by institutional investors and hedge funds.

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.

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