What is Zacks Research's Forecast for Allstate Q3 Earnings?

Key Points

• Zacks Research lowered its Q3 2026 EPS forecast for Allstate to $6.46, down slightly from $6.47.
• Zacks maintains a “Hold” rating on Allstate, while the consensus estimate for full-year earnings is $35.50 per share.
• Allstate’s prior quarter significantly exceeded expectations, reporting $8.99 EPS versus the $6.06 consensus, though catastrophe losses and modestly reduced forecasts may pressure future earnings.

The Allstate Corporation (NYSE:ALL - Free Report) - Stock analysts at Zacks Research decreased their Q3 2026 earnings per share estimates for Allstate in a note issued to investors on Wednesday, September 16th. Zacks Research analyst Team now expects that the insurance provider will earn $6.46 per share for the quarter, down from their previous estimate of $6.47. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Allstate's current full-year earnings is $35.50 per share. Zacks Research also issued estimates for Allstate's Q1 2027 earnings at $7.66 EPS, Q3 2027 earnings at $6.92 EPS, Q4 2027 earnings at $7.82 EPS, FY2027 earnings at $27.43 EPS, Q1 2028 earnings at $7.13 EPS, Q2 2028 earnings at $5.31 EPS and FY2028 earnings at $24.42 EPS.

Allstate (NYSE:ALL - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.06 by $2.93. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The business had revenue of $18.60 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same quarter in the previous year, the company posted $5.94 EPS. The business's revenue was up 11.8% on a year-over-year basis.

ALL has been the subject of several other reports. JPMorgan Chase & Co. lifted their price objective on Allstate from $282.00 to $292.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 11th. Roth Capital set a $300.00 price objective on Allstate in a research report on Thursday, August 6th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $280.00 price objective on shares of Allstate in a research note on Friday, August 7th. Atlantic Securities set a $319.00 target price on shares of Allstate in a research note on Wednesday, July 15th. Finally, Cantor Fitzgerald upped their target price on shares of Allstate from $236.00 to $242.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, Allstate has an average rating of "Hold" and a consensus price target of $266.74.

Allstate Stock Performance

NYSE:ALL opened at $252.08 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $63.74 billion, a P/E ratio of 5.03, a price-to-earnings-growth ratio of 0.57 and a beta of 0.15. The firm has a 50-day moving average price of $258.39 and a two-hundred day moving average price of $231.81. Allstate has a twelve month low of $188.08 and a twelve month high of $277.22.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, August 31st will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate's dividend payout ratio is presently 8.63%.

Insider Buying and Selling at Allstate

In related news, insider John Dugenske sold 32,996 shares of Allstate stock in a transaction on Friday, August 7th. The stock was sold at an average price of $269.33, for a total value of $8,886,812.68. Following the transaction, the insider owned 13,054 shares in the company, valued at approximately $3,515,833.82. This trade represents a 71.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mario Rizzo sold 56,225 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total value of $14,870,388.00. Following the sale, the chief operating officer owned 82,227 shares of the company's stock, valued at $21,747,396.96. This represents a 40.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.55% of the company's stock.

Hedge Funds Weigh In On Allstate

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Financial Management LLC lifted its stake in Allstate by 24.9% in the second quarter. Cornerstone Financial Management LLC now owns 226 shares of the insurance provider's stock valued at $54,000 after buying an additional 45 shares during the last quarter. Capital Advisors Inc. OK lifted its position in Allstate by 2.6% in the 2nd quarter. Capital Advisors Inc. OK now owns 1,827 shares of the insurance provider's stock valued at $435,000 after purchasing an additional 46 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Allstate by 0.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider's stock valued at $1,625,000 after purchasing an additional 50 shares during the period. Natural Investments LLC increased its stake in shares of Allstate by 1.5% in the second quarter. Natural Investments LLC now owns 3,327 shares of the insurance provider's stock valued at $791,000 after purchasing an additional 50 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Allstate by 0.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider's stock valued at $1,210,000 after buying an additional 52 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Allstate News Summary

Here are the key news stories impacting Allstate this week:

• Negative Sentiment: August catastrophe losses totaled $748 million before tax, or $591 million after tax. Allstate said the losses contributed to approximately $3.15 billion in aggregate pre-tax catastrophe losses for the current year, increasing concern about underwriting profitability and earnings volatility. Allstate August 2026 Monthly Release
• Negative Sentiment: Zacks Research downgraded Allstate from “Strong Buy” to “Hold.” The firm also trimmed EPS forecasts across several periods, including Q3 2026 to $6.46, FY2027 to $27.43 from $27.46 and FY2028 to $24.42 from $24.46. Although the revisions were modest, the broad reductions reinforce concerns about future profit growth. Zacks rating update
• Negative Sentiment: A lawsuit alleges that Allstate arranged a rental vehicle but later refused to pay the rental company’s rate, creating possible legal, claims-handling and reputational risks. Allstate rental-car lawsuit
• Positive Sentiment: Allstate and State Farm are seeking approval for a limited restart of new California homeowners policies. Resuming policy growth in the important California market could support premium expansion, although the rollout remains limited and is subject to regulatory approval. Allstate and State Farm California insurance plans
• Positive Sentiment: Mizuho reduced its price target modestly to $297 from $300 but maintained an “Outperform” rating, indicating continued confidence in Allstate’s longer-term valuation. Mizuho Allstate price target update

About Allstate

Allstate Corporation is an insurance and protection-services company headquartered in Northbrook, Illinois. Through its Allstate and National General brands, the company primarily provides property and casualty insurance to individuals and businesses in the United States.

Its products include automobile, homeowners, renters, condominium, landlord, motorcycle and recreational-vehicle insurance, along with other personal and commercial coverage. Allstate also offers roadside assistance, identity protection and related protection services through its various businesses and distribution channels, including agents, brokers and digital platforms.

Allstate's roots date to 1931, when the Allstate Insurance Company was established as a subsidiary of Sears, Roebuck & Co The company became independent from Sears in the 1990s.

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