Zacks Research Comments on Allstate's Q3 Earnings (NYSE:ALL)

Key Points

• Zacks Research raised Allstate’s Q3 2026 EPS estimate to $6.47 from $5.28 and maintained a “Strong-Buy” rating, while projecting full-year 2026 EPS of $33.83.
• Allstate’s latest quarter significantly exceeded expectations, with EPS of $8.99 versus the $6.06 consensus and revenue of $18.60 billion, up 11.8% year over year.
• Despite positive earnings momentum, analysts remain divided, with MarketBeat reporting an average “Hold” rating and a $265.26 target price; substantial catastrophe losses, including an estimated $682 million in July, add pressure to future results.

The Allstate Corporation (NYSE:ALL - Free Report) - Zacks Research boosted their Q3 2026 earnings estimates for shares of Allstate in a report released on Wednesday, August 19th. Zacks Research analyst Team now expects that the insurance provider will earn $6.47 per share for the quarter, up from their prior estimate of $5.28. 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 FY2026 earnings at $33.83 EPS, Q2 2027 earnings at $5.03 EPS, Q3 2027 earnings at $6.93 EPS, FY2027 earnings at $27.46 EPS and FY2028 earnings at $24.46 EPS.

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

ALL has been the subject of several other research reports. HSBC cut Allstate from a "buy" rating to a "hold" rating and increased their price objective for the stock from $244.00 to $264.00 in a report on Monday, July 6th. Citigroup cut Allstate from a "neutral" rating to a "sell" rating and boosted their target price for the company from $226.00 to $240.00 in a research note on Tuesday, August 11th. Mizuho upped their target price on Allstate from $255.00 to $272.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. UBS Group lifted their price target on shares of Allstate from $261.00 to $275.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Finally, Evercore set a $240.00 price objective on shares of Allstate in a research report on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Allstate has an average rating of "Hold" and an average target price of $265.26.

Allstate Stock Down 2.1%

NYSE ALL opened at $254.29 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market capitalization of $64.30 billion, a PE ratio of 5.08, a PEG ratio of 0.40 and a beta of 0.16. Allstate has a 1 year low of $188.08 and a 1 year high of $277.22. The business's 50-day moving average is $249.69 and its 200 day moving average is $224.74.

Institutional Trading of Allstate

A number of institutional investors and hedge funds have recently modified their holdings of the business. PYA Waltman Capital LLC lifted its holdings in shares of Allstate by 35.0% during the second quarter. PYA Waltman Capital LLC now owns 19,318 shares of the insurance provider's stock valued at $4,596,000 after purchasing an additional 5,012 shares in the last quarter. Natural Investments LLC boosted its position in shares of Allstate by 1.5% during the second quarter. Natural Investments LLC now owns 3,327 shares of the insurance provider's stock valued at $791,000 after buying an additional 50 shares during the last quarter. Tsfg LLC increased its holdings in Allstate by 21.2% in the 2nd quarter. Tsfg LLC now owns 1,276 shares of the insurance provider's stock worth $304,000 after buying an additional 223 shares in the last quarter. Triumph Capital Management increased its holdings in Allstate by 7.9% in the 2nd quarter. Triumph Capital Management now owns 2,130 shares of the insurance provider's stock worth $507,000 after buying an additional 156 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Allstate in the 2nd quarter worth about $479,000. Institutional investors own 76.47% of the company's stock.

Insider Buying and Selling

In related news, Director Andrea Redmond sold 2,225 shares of Allstate stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the transaction, the director directly owned 2,225 shares of the company's stock, valued at $451,474.75. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Mario Rizzo sold 56,225 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer owned 82,227 shares in the company, valued at $21,747,396.96. The trade was a 40.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 91,446 shares of company stock valued at $24,208,675 over the last ninety days. Company insiders own 1.55% of the company's stock.

Allstate Dividend Announcement

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 paid a $1.08 dividend. 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 presently 8.63%.

Key Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Zacks Research raised several forward EPS estimates, including forecasts for Q1 2027, Q4 2027, Q1 2028 and Q2 2028. Zacks maintained its “Strong-Buy” rating, suggesting confidence in Allstate’s longer-term earnings potential. Zacks Research estimates
• Negative Sentiment: Allstate reported estimated July catastrophe losses of $682 million before tax, or $539 million after tax. The losses are expected to reduce quarterly results and highlight continued weather-related claims pressure. July 2026 Monthly Release
• Negative Sentiment: Pre-tax catastrophe losses for the current aggregate year have reached approximately $2.402 billion. The cumulative figure increases uncertainty around underwriting profitability and may prompt investors to reassess full-year earnings expectations. Allstate’s aggregate catastrophe losses
• Negative Sentiment: Keefe, Bruyette & Woods reaffirmed its “Underperform” rating and lowered its price target to $250 from $255. The reduced target signals limited near-term upside and adds pressure to the stock’s valuation. KBW analyst rating
• Negative Sentiment: Zacks also reduced its Q4 2026 EPS forecast to $7.72 from $7.89, partially offsetting its longer-term estimate increases. This cut may reflect expectations for near-term catastrophe-related earnings pressure.

Allstate Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source