Roth Capital Issues Negative Outlook for Allstate Earnings

The Allstate Co. (NYSE:ALL - Free Report) - Research analysts at Roth Capital cut their Q2 2025 earnings estimates for shares of Allstate in a note issued to investors on Thursday, May 1st. Roth Capital analyst H. Fong now expects that the insurance provider will earn $3.11 per share for the quarter, down from their prior estimate of $3.59. The consensus estimate for Allstate's current full-year earnings is $18.74 per share. Roth Capital also issued estimates for Allstate's Q3 2025 earnings at $4.68 EPS and Q4 2025 earnings at $6.68 EPS.

Several other equities research analysts have also issued reports on the stock. Morgan Stanley raised their price target on shares of Allstate from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price target on Allstate from $217.00 to $222.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. StockNews.com raised Allstate from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Wells Fargo & Company dropped their price objective on shares of Allstate from $200.00 to $197.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, Evercore ISI boosted their price target on shares of Allstate from $227.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $224.73.

Allstate Stock Performance

NYSE ALL traded up $2.17 during trading hours on Monday, reaching $202.42. 1,119,869 shares of the company were exchanged, compared to its average volume of 1,617,543. The stock has a market capitalization of $53.67 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.01 and a beta of 0.32. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 0.42. Allstate has a 1 year low of $156.66 and a 1 year high of $212.91. The business's 50 day simple moving average is $198.73 and its 200-day simple moving average is $194.90.

Allstate (NYSE:ALL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The insurance provider reported $3.53 earnings per share for the quarter, missing the consensus estimate of $3.98 by ($0.45). Allstate had a return on equity of 28.20% and a net margin of 7.28%. The business had revenue of $14.30 billion during the quarter, compared to analysts' expectations of $16.41 billion. During the same period in the prior year, the firm posted $5.13 EPS. The firm's revenue for the quarter was up 7.8% on a year-over-year basis.

Allstate announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the insurance provider to reacquire up to 3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Allstate Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were issued a dividend of $1.00 per share. This is a positive change 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 1.98%. Allstate's payout ratio is presently 27.32%.

Insider Buying and Selling

In related news, CFO Jesse E. Merten sold 40,102 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $186.53, for a total value of $7,480,226.06. Following the transaction, the chief financial officer now owns 18,115 shares of the company's stock, valued at $3,378,990.95. This represents a 68.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ALL. Bank of America Corp DE lifted its stake in Allstate by 157.9% in the fourth quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider's stock worth $1,270,705,000 after purchasing an additional 4,035,629 shares during the last quarter. Norges Bank purchased a new position in shares of Allstate in the fourth quarter worth about $344,354,000. GQG Partners LLC lifted its stake in shares of Allstate by 64.1% in the 4th quarter. GQG Partners LLC now owns 4,316,516 shares of the insurance provider's stock valued at $832,181,000 after acquiring an additional 1,685,694 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Allstate by 25,026.1% during the 1st quarter. GAMMA Investing LLC now owns 1,273,895 shares of the insurance provider's stock valued at $263,785,000 after acquiring an additional 1,268,825 shares during the period. Finally, Strategic Financial Concepts LLC grew its position in Allstate by 15,062.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,119,129 shares of the insurance provider's stock worth $215,757,000 after acquiring an additional 1,111,748 shares during the last quarter. 76.47% of the stock is owned by hedge funds and other institutional investors.

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.