The Allstate Corporation (NYSE:ALL - Free Report) - Equities researchers at Zacks Research dropped their Q4 2026 earnings per share estimates for Allstate in a research note issued on Wednesday, August 19th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings per share of $7.72 for the quarter, down from their previous estimate of $7.89. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for Allstate's current full-year earnings is $34.50 per share. Zacks Research also issued estimates for Allstate's Q1 2027 earnings at $7.67 EPS, Q4 2027 earnings at $7.83 EPS, Q1 2028 earnings at $7.14 EPS and Q2 2028 earnings at $5.32 EPS.
Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share 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 company had revenue of $15.43 billion during the quarter, compared to analyst estimates of $15.46 billion. During the same period in the prior year, the business posted $5.94 earnings per share. The firm's revenue for the quarter was up 11.8% compared to the same quarter last year.
Several other analysts have also recently weighed in on ALL. Mizuho raised their target price on shares of Allstate from $255.00 to $272.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. Piper Sandler increased their price objective on shares of Allstate from $268.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, August 10th. Evercore set a $240.00 price objective on shares of Allstate in a report on Friday, July 10th. Cantor Fitzgerald lifted their price objective on shares of Allstate from $236.00 to $242.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Finally, Roth Capital set a $300.00 target price on shares of Allstate in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $265.53.
Check Out Our Latest Stock Report on Allstate
Allstate Price Performance
ALL stock opened at $260.24 on Thursday. The business's fifty day moving average price is $249.00 and its 200 day moving average price is $224.35. Allstate has a 12-month low of $188.08 and a 12-month high of $277.22. 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 $65.80 billion, a PE ratio of 5.20, a P/E/G ratio of 0.40 and a beta of 0.16.
Allstate Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 31st. Allstate's dividend payout ratio is currently 8.63%.
Insider Activity
In other Allstate news, insider John E. Dugenske sold 32,996 shares of the 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 completion of the transaction, the insider owned 13,054 shares in the company, valued at approximately $3,515,833.82. This represents a 71.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mario Rizzo sold 56,225 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 92,996 shares of company stock worth $24,543,894 in the last three months. 1.55% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Allstate
A number of hedge funds and other institutional investors have recently modified their holdings of the company. MV Capital Management Inc. acquired a new position in shares of Allstate during the 4th quarter valued at about $25,000. Gables Capital Management Inc. acquired a new stake in shares of Allstate in the second quarter worth approximately $26,000. Navalign LLC acquired a new stake in shares of Allstate in the fourth quarter worth approximately $27,000. Kelleher Financial Advisors purchased a new stake in Allstate in the second quarter valued at approximately $28,000. Finally, Evolution Wealth Management Inc. grew its holdings in Allstate by 7,000.0% in the first quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 140 shares during the period. 76.47% of the stock is currently owned by hedge funds and other institutional investors.
About Allstate
(
Get Free Report)
Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.
The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.
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