The Allstate Co. Expected to Earn Q4 2024 Earnings of $4.69 Per Share (NYSE:ALL)

The Allstate Co. (NYSE:ALL - Free Report) - Investment analysts at Roth Capital lifted their Q4 2024 earnings per share estimates for Allstate in a research report issued to clients and investors on Wednesday, May 1st. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings of $4.69 per share for the quarter, up from their previous forecast of $4.49. The consensus estimate for Allstate's current full-year earnings is $13.83 per share. Roth Capital also issued estimates for Allstate's Q1 2025 earnings at $4.70 EPS, Q2 2025 earnings at $2.65 EPS, Q3 2025 earnings at $4.41 EPS, Q4 2025 earnings at $5.80 EPS and FY2025 earnings at $17.55 EPS.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, beating the consensus estimate of $4.11 by $1.02. The firm had revenue of $15.26 billion during the quarter, compared to the consensus estimate of $12.76 billion. Allstate had a net margin of 2.31% and a return on equity of 15.14%. The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm earned ($1.30) EPS.

A number of other equities research analysts also recently weighed in on ALL. TD Cowen initiated coverage on shares of Allstate in a research note on Wednesday, January 10th. They issued an "outperform" rating and a $193.00 target price on the stock. Roth Mkm increased their price objective on Allstate from $175.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, April 8th. Evercore ISI upped their price target on Allstate from $166.00 to $173.00 and gave the company an "in-line" rating in a research report on Thursday, April 11th. UBS Group lifted their price objective on Allstate from $171.00 to $185.00 and gave the stock a "buy" rating in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Allstate from $185.00 to $193.00 and gave the stock an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Allstate presently has an average rating of "Moderate Buy" and a consensus target price of $174.18.

Allstate Price Performance

NYSE ALL traded down $1.00 during trading on Friday, reaching $168.18. The company's stock had a trading volume of 1,667,842 shares, compared to its average volume of 1,686,415. The stock has a market capitalization of $44.24 billion, a PE ratio of 37.13, a P/E/G ratio of 0.41 and a beta of 0.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a fifty day moving average of $165.88 and a 200 day moving average of $150.65. Allstate has a one year low of $100.57 and a one year high of $177.37.

Institutional Investors Weigh In On Allstate

A number of large investors have recently made changes to their positions in ALL. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Allstate during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Allstate during the first quarter worth about $25,000. Private Wealth Management Group LLC acquired a new position in shares of Allstate during the 4th quarter worth about $25,000. Rise Advisors LLC purchased a new position in Allstate in the 1st quarter valued at about $26,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Allstate in the 1st quarter worth about $26,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Allstate

In other news, CAO John C. Pintozzi sold 4,000 shares of Allstate stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at approximately $1,712,069.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the sale, the chief accounting officer now directly owns 10,736 shares of the company's stock, valued at approximately $1,712,069.92. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John E. Dugenske sold 31,000 shares of the firm's stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the sale, the insider now directly owns 63,731 shares in the company, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.19%. This is a boost from Allstate's previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. Allstate's dividend payout ratio is currently 81.24%.

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.