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Allstate (ALL) Stock Price, News & Analysis

$169.15
+3.75 (+2.27%)
(As of 07/26/2024 ET)
Today's Range
$166.75
$171.18
50-Day Range
$157.00
$176.69
52-Week Range
$104.29
$179.93
Volume
1.91 million shs
Average Volume
1.57 million shs
Market Capitalization
$44.64 billion
P/E Ratio
37.34
Dividend Yield
2.18%
Price Target
$178.06

Allstate MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
5.3% Upside
$178.06 Price Target
Short Interest
Healthy
0.98% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
0.43mentions of Allstate in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$8.11 M Sold Last Quarter
Proj. Earnings Growth
27.57%
From $13.64 to $17.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Finance Sector

69th out of 898 stocks

Fire, Marine, & Casualty Insurance Industry

4th out of 54 stocks

ALL stock logo

About Allstate Stock (NYSE:ALL)

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. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products through agents, contact centers, and online. The Protection Services segment provides consumer product protection; protection and insurance products, including vehicle service contracts, guaranteed asset protection, road hazard tire and wheel, and paintless dent repair protection; and roadside assistance, device and mobile data collection services, and analytic solutions using automotive telematics information, as well as identity theft protection and remediation services. This segment also offers its products under various brands, including Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside, Arity, Avail, and Allstate Identity Protection. The Allstate Health and Benefits segment provides life, accident, critical illness, short-term disability, and other health insurance products; stop-loss and fully insured group health products to employers; and short-term medical and medicare supplement insurance to individuals. The Run-off Property-Liability segment offers property and casualty insurance coverage that primarily relates to policies written during the 1960s through the mid-1980s. The Corporate and Other segment provides debt services, as well as non-insurance operations. It sells its products through agents, independent agents, call and contact centers, retailers, direct to consumer, wholesale partners, and affinity groups, as well as through online and mobile applications. The Allstate Corporation was founded in 1931 and is headquartered in Northbrook, Illinois.

ALL Stock Price History

ALL Stock News Headlines

insurance concept wood blocks
AI-Powered Insurance Disruptor: This Stock Is a Growth Machine (ALL)
The insurance industry is being rattled by fintech disruptors like Lemonade Inc. (NYSE: LMND). Critics will say that underwriting policies are an art form and
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
Hot Stocks: Top 3 Analyst Upgrades You Can't Ignore in July
Allstate (ALL) Set to Announce Earnings on Wednesday
“Generational Bull Run” Incoming
LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.
Allstate (NYSE:ALL) versus SiriusPoint (NYSE:SPNT) Financial Contrast
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Ex-Dividend for 7/1 Dividend
5/31/2024
Dividend Payable
7/01/2024
Today
7/26/2024
Next Earnings (Confirmed)
7/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
02000210
Employees
53,400
Year Founded
1931

Price Target and Rating

Average Stock Price Target
$178.06
High Stock Price Target
$200.00
Low Stock Price Target
$107.00
Potential Upside/Downside
+4.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
16 Analysts

Profitability

Net Income
$-188,000,000.00
Pretax Margin
2.60%

Debt

Sales & Book Value

Annual Sales
$57.09 billion
Cash Flow
$4.08 per share
Book Value
$59.72 per share

Miscellaneous

Free Float
259,165,000
Market Cap
$44.83 billion
Optionable
Optionable
Beta
0.48

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Key Executives

  • Mr. Thomas Joseph Wilson II (Age 66)
    Chairman of the Board, President & CEO
    Comp: $3.62M
  • Mr. Jesse Edward Merten B.B.A. (Age 49)
    Executive VP & CFO
    Comp: $1.27M
  • Mr. Suren K. GuptaMr. Suren K. Gupta (Age 63)
    President of Protection Products & Enterprise Services
    Comp: $1.13M
  • Mr. John Charles Pintozzi (Age 58)
    Senior VP, Controller & Chief Accounting Officer
  • Mr. Brent Vandermause
    Head of Investor Relations
  • Ms. Christine Marie DeBiase Esq. (Age 55)
    Executive VP, Chief Legal Officer, General Counsel & Corporate Secretary
  • Mr. Robert Alexander Toohey (Age 56)
    Executive VP & Chief Human Resource Officer of AIC
    Comp: $786.45k
  • Mr. Karl Wiley
    Executive Vice President of Protection Services Group
  • Mr. Mike Fiato
    Executive Vice President & Chief Claims Officer

Should I Buy Allstate Stock? ALL Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Allstate Co.:

  • Allstate's stock price is currently at $164.12, which may present a buying opportunity for investors looking to enter at a relatively lower price point.
  • Allstate reported strong quarterly earnings, surpassing analyst estimates with an earnings per share of $5.13, indicating a healthy financial performance.
  • The company has shown revenue growth of 10.7% year-over-year, demonstrating positive momentum in its business operations.
  • Wall Street analysts have provided optimistic ratings for Allstate, with several firms raising their price targets and giving buy or overweight ratings, indicating confidence in the company's future prospects.
  • Institutional investors, including notable firms like Bank of Nova Scotia, have been increasing their holdings in Allstate, signaling institutional confidence in the company's potential for growth.

Cons

Investors should be bearish about investing in The Allstate Co. for these reasons:

  • Allstate's debt-to-equity ratio of 0.48 may indicate a higher level of leverage, which could pose risks during economic downturns or challenging market conditions.
  • The quick ratio and current ratio of Allstate at 0.36 each suggest a relatively lower liquidity position, which may limit the company's ability to cover short-term obligations efficiently.
  • Insider selling activity, such as John E. Dugenske selling 31,000 shares, could raise concerns about insiders' confidence in the company's future performance or valuation.
  • While the company has seen positive growth, there could be potential regulatory or industry challenges ahead that may impact Allstate's profitability or market position.
  • Market volatility and macroeconomic factors could influence the insurance industry, affecting Allstate's business operations and financial results unpredictably.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 2, 2024. Please send any questions or comments about these Allstate pros and cons to contact@marketbeat.com.

ALL Stock Analysis - Frequently Asked Questions

How have ALL shares performed this year?

Allstate's stock was trading at $139.98 on January 1st, 2024. Since then, ALL stock has increased by 20.8% and is now trading at $169.15.
View the best growth stocks for 2024 here
.

How were Allstate's earnings last quarter?

The Allstate Co. (NYSE:ALL) released its quarterly earnings results on Thursday, May, 2nd. The insurance provider reported $5.13 earnings per share for the quarter, topping analysts' consensus estimates of $4.11 by $1.02. Allstate's revenue was up 10.7% on a year-over-year basis.
Read the conference call transcript
.

What is Thomas J. Wilson II's approval rating as Allstate's CEO?

2,379 employees have rated Allstate Chief Executive Officer Thomas J. Wilson II on Glassdoor.com. Thomas J. Wilson II has an approval rating of 61% among the company's employees. This puts Thomas J. Wilson II in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Does Allstate have any subsidiaries?

The following companies are subsidiaries of Allstate: AIMCO Private Fund I Holding LLC, AIMCO Private Fund II LLC, AIMCO Private Fund I LLC, ALIC Reinsurance Company, ALINV Mosaic LLC, Allstate Assignment Company, Allstate Assurance Company, and others.

Who are Allstate's major shareholders?

Allstate's top institutional investors include Bank of New York Mellon Corp (1.85%), Allspring Global Investments Holdings LLC (0.96%), Raymond James & Associates (0.52%) and Raymond James Financial Services Advisors Inc. (0.31%). Insiders that own company stock include Thomas J Wilson, Suren Gupta, John E Dugenske, Mark Q Prindiville, Jesse E Merten, John C Pintozzi, Judith A Sprieser and Mario Rizzo.
View institutional ownership trends
.

How do I buy shares of Allstate?

Shares of ALL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Allstate own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Allstate investors own include Chipotle Mexican Grill (CMG), Cisco Systems (CSCO), Endologix (ELGX), Intel (INTC), Micron Technology (MU) and AT&T (T).

This page (NYSE:ALL) was last updated on 7/26/2024 by MarketBeat.com Staff

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