NYSE:ALL

Allstate (ALL) Stock Forecast, Price & News

$111.41

-1.08 (-0.96%)

(As of 09/29/2023 ET)

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Today's Range: $111.25
▼
$112.69
50-Day Range: $105.07
▼
$115.24
52-Week Range: $100.57
▼
$142.15

Volume: 1.21 million shs
Average Volume: 1.70 million shs
Market Capitalization: $29.14 billion

P/E Ratio: N/A
Dividend Yield: 3.20%
Price Target: $135.31

Allstate MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.62 Rating Score
Upside/Downside: 21.5% Upside
$135.31 Price Target
Short Interest: Healthy
1.33% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.59
Upright™ Environmental Score
News Sentiment: 0.46
Based on 16 Articles This Week
Insider Trading: Selling Shares
$174,059 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($2.09) to $12.19 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Finance Sector

409th out of 882 stocks

Fire, Marine, & Casualty Insurance Industry

19th out of 48 stocks

3.3

Analyst's Opinion

Consensus Rating
Allstate has received a consensus rating of Moderate Buy. The company's average rating score is 2.62, and is based on 7 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $135.31, Allstate has a forecasted upside of 21.5% from its current price of $111.41.
Amount of Analyst Coverage
Allstate has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.33% of the float of Allstate has been sold short.
Short Interest Ratio / Days to Cover
Allstate has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Allstate has recently increased by 7.14%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
Allstate pays a meaningful dividend of 3.16%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Allstate has been increasing its dividend for 13 years.
Dividend Sustainability
Based on earnings estimates, Allstate will have a dividend payout ratio of 29.20% next year. This indicates that Allstate will be able to sustain or increase its dividend.

2.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Allstate has received a 20.26% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Home insurance services for individuals", "Renters' insurance services for individuals", "Life insurance services for individuals", and "Accident insurance services for individuals" products. See details.
Environmental Sustainability
The Environmental Impact score for Allstate is -0.59.

1.9

News and Social Media Coverage

News Sentiment
Allstate has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.70 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 16 news articles for Allstate this week, compared to 9 articles on an average week.
Search Interest
Only 15 people have searched for ALL on MarketBeat in the last 30 days. This is a decrease of -21% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Allstate to their MarketBeat watchlist in the last 30 days. This is a decrease of -55% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Allstate insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $174,059.00 in company stock.
Percentage Held by Insiders
Only 1.70% of the stock of Allstate is held by insiders.
Percentage Held by Institutions
77.23% of the stock of Allstate is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Allstate are expected to grow in the coming year, from ($2.09) to $12.19 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Allstate is -10.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Allstate is -10.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Allstate has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Allstate (NYSE:ALL) Stock

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names. The Protection Services segment provides consumer product protection plans and related technical support for mobile phones, consumer electronics, furniture, and appliances; finance and insurance products, including vehicle service contracts, guaranteed asset protection waivers, road hazard tire and wheel, and paint and fabric protection; towing, jump-start, lockout, fuel delivery, and tire change services; device and mobile data collection services; data and analytic solutions using automotive telematics information; and identity protection services. This segment 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. It sells its products through agents, independent agents, call centers, retailers, voluntary benefits brokers, strategic partners, financial specialists, wholesale partners, and affinity groups, as well as through online and mobile applications. The company was founded in 1931 and is headquartered in Northbrook, Illinois.

ALL Price History

30 days | 90 days | 365 days | Advanced Chart

ALL Stock News Headlines

September 29, 2023 | nj.com

Liberty Mutual vs. Allstate car insurance

September 29, 2023 | foxnews.com

Michigan's Blake Corum making an impact off the field, realizes bigger purpose than football

September 30, 2023 | Chaikin Analytics (Ad)

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September 29, 2023 | foxnews.com

NC Central's Juan Velarde using his journey from Peru to the gridiron to inspire others

September 28, 2023 | finance.yahoo.com

Allstate to Discuss Third Quarter 2023 Earnings With Investors

September 28, 2023 | cnbc.com

Here are the best and cheapest car insurance companies for college students

September 27, 2023 | msn.com

HBCU Legacy Bowl: Jeremy Moussa, Davius Richard Receive First Invitations

September 27, 2023 | msn.com

Jeremy Moussa & Davius Richard added to 2024 Legacy Bowl

September 30, 2023 | The Oxford Club (Ad)

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September 26, 2023 | finance.yahoo.com

Allstate Debuts Coaching Mural to Develop Youth Soccer Players

September 25, 2023 | fool.com

California to Reform Home Insurance Rules. Is This Good News for Consumers?

September 25, 2023 | msn.com

Allstate Gets Hold Rating As Net Losses Pile Up, But Dividends Grow

September 22, 2023 | seekingalpha.com

Allstate estimates August catastrophe losses, including Maui wildfire, at $551M

September 22, 2023 | finance.yahoo.com

Allstate (ALL) Continues Auto Rate Hikes to Boost Profits

September 22, 2023 | americanbankingnews.com

The Allstate Co. (NYSE:ALL) Receives Average Recommendation of "Moderate Buy" from Analysts

September 21, 2023 | msn.com

Newsom Issues Executive Order to Strengthen Residential Property Insurance Market

September 21, 2023 | markets.businessinsider.com

Wells Fargo Keeps Their Sell Rating on Allstate (ALL)

September 21, 2023 | msn.com

Allstate Identity Protection Review

September 21, 2023 | markets.businessinsider.com

Allstate Announces August Catastrophe Losses Of $435 Mln

September 21, 2023 | finance.yahoo.com

Allstate Announces August 2023 Catastrophe Losses and Implemented Rates

September 18, 2023 | msn.com

Who Plays The 'It's Not Going To Fit' Lady In The New Allstate Commercial?

September 16, 2023 | msn.com

WGNO’s Friday Night Football presents Week 3 of the regular season

September 16, 2023 | msn.com

Live Stream: WGNO’s Friday Night Football presents Week 3 of the regular season

September 14, 2023 | msn.com

Cailfornia lab-grown meat company announced as first tenant at Glenview logistics site on former Allstate campus

September 14, 2023 | bizjournals.com

Upside Foods to build food-tech facility at former Allstate campus

September 14, 2023 | msn.com

Cailfornia cultivated meat company announced as first tenant at Glenview logistics site on former Allstate campus

September 13, 2023 | marketwatch.com

Best Homeowners Insurance in Maryland (2023)

See More Headlines

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ALL Company Calendar

Ex-Dividend for 7/3 Dividend: 6/01/2023
Dividend Payable: 7/03/2023
Last Earnings: 8/02/2023
Ex-Dividend for 10/2 Dividend: 8/30/2023
Today: 9/30/2023
Dividend Payable: 10/02/2023
Next Earnings (Confirmed): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Fire, marine, & casualty insurance
Sub-Industry: Property & Casualty Insurance
Sector: Finance
Current Symbol: NYSE:ALL
CUSIP: 02000210
CIK: 899051
Web: www.allstate.com
Phone: (847) 402-5000
Fax: 651-450-4033
Employees: 54,500
Year Founded: 1931

Price Target and Rating

Average Stock Price Forecast: $135.31
High Stock Price Forecast: $166.00
Low Stock Price Forecast: $100.00
Forecasted Upside/Downside: +21.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.62
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($10.35)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-1,311,000,000.00
Net Margins: -4.80%
Pretax Margin: -6.41%
Return on Equity: -14.69%
Return on Assets: -2.22%

Debt

Debt-to-Equity Ratio: 0.59
Current Ratio: 0.37
Quick Ratio: 0.37

Sales & Book Value

Annual Sales: $51.41 billion
Price / Sales: 0.57
Cash Flow: $2.17 per share
Price / Cash Flow: 51.24
Book Value: $57.99 per share
Price / Book: 1.92

Miscellaneous

Outstanding Shares: 261,570,000
Free Float: 257,127,000
Market Cap: $29.15 billion
Optionable: Optionable
Beta: 0.57

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Key Executives

Mr. Thomas Joseph Wilson II (Age 65)
Chairman, Pres & CEO
Comp: $3.84M

Mr. Jesse Edward Merten B.B.A. (Age 48)
Exec. VP & CFO
Comp: $966.17k

Mr. Robert Alexander Toohey (Age 55)
Exec. VP & Chief Human Resource Officer
Comp: $786.45k

Mr. Suren K. Gupta (Age 62)
Pres of Enterprise Solutions
Comp: $1.13M

Mr. John Charles Pintozzi (Age 57)
Sr. VP, Controller & Chief Accounting Officer

Mr. Zulfikar Jeevanjee
Exec. VP & Chief Information Officer

Mark Nogal
Head of Investor Relations

Ms. Christine Marie DeBiase Esq. (Age 54)
Exec. VP, Chief Legal Officer, Gen. Counsel & Corp. Sec.

Mr. Samuel Henry Pilch (Age 76)
Sr. Group VP & Controller of Allstate Insurance Company

Mr. Chris Brown
Managing Principal

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALL Stock - Frequently Asked Questions

Should I buy or sell Allstate stock right now?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allstate in the last twelve months. There are currently 1 sell rating, 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ALL shares.
View ALL analyst ratings or view top-rated stocks.
What is Allstate's stock price forecast for 2023?: 13 analysts have issued 1 year price targets for Allstate's shares. Their ALL share price forecasts range from $100.00 to $166.00. On average, they predict the company's share price to reach $135.31 in the next year. This suggests a possible upside of 21.4% from the stock's current price.
View analysts price targets for ALL or view top-rated stocks among Wall Street analysts.
How have ALL shares performed in 2023?: Allstate's stock was trading at $135.60 on January 1st, 2023. Since then, ALL shares have decreased by 17.8% and is now trading at $111.44.
View the best growth stocks for 2023 here.
Are investors shorting Allstate?: Allstate saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,450,000 shares, an increase of 7.1% from the August 31st total of 3,220,000 shares. Based on an average daily volume of 1,720,000 shares, the short-interest ratio is presently 2.0 days. Currently, 1.3% of the shares of the stock are sold short.
View Allstate's Short Interest.
When is Allstate's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ALL earnings forecast.
How can I listen to Allstate's earnings call?: Allstate will be holding an earnings conference call on Thursday, November 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Allstate's earnings last quarter?: The Allstate Co. (NYSE:ALL) issued its quarterly earnings results on Wednesday, August, 2nd. The insurance provider reported ($4.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($3.83) by $0.59. The insurance provider had revenue of $13.98 billion for the quarter, compared to the consensus estimate of $12.30 billion. Allstate had a negative trailing twelve-month return on equity of 14.69% and a negative net margin of 4.80%. Allstate's revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.76) earnings per share.
Read the conference call transcript.
How often does Allstate pay dividends? What is the dividend yield for Allstate?: Allstate declared a quarterly dividend on Friday, July 14th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.89 per share on Monday, October 2nd. This represents a $3.56 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, August 30th.
Read our dividend analysis for ALL.
What ETFs hold Allstate's stock?: ETFs with the largest weight of Allstate (NYSE:ALL) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), iShares U.S. Insurance ETF (IAK), God Bless America ETF (YALL), Natixis Vaughan Nelson Mid Cap ETF (VNMC), Neuberger Berman Next Generation Connected Consumer ETF (NBCC), American CenturyFocused Large Cap Value ETF (FLV), ASYMmetric Smart S&P 500ETF (ASPY) and SPDR S&P Insurance ETF (KIE).

Is Allstate a good dividend stock?: Allstate (NYSE:ALL) pays an annual dividend of $3.56 per share and currently has a dividend yield of 3.15%.
Read our dividend analysis for ALL.
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.
What other stocks do shareholders of Allstate own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Allstate investors own include Chipotle Mexican Grill (CMG), Cisco Systems (CSCO), Endologix (ELGX), Intel (INTC), Micron Technology (MU), AT&T (T), Johnson & Johnson (JNJ), CA (CA) and Verizon Communications (VZ).
What is Allstate's stock symbol?: Allstate trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALL."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Allstate's stock price today?: One share of ALL stock can currently be purchased for approximately $111.44.
How much money does Allstate make?: Allstate (NYSE:ALL) has a market capitalization of $29.15 billion and generates $51.41 billion in revenue each year. The insurance provider earns $-1,311,000,000.00 in net income (profit) each year or ($10.35) on an earnings per share basis.
How many employees does Allstate have?: The company employs 54,500 workers across the globe.
Does Allstate have any subsidiaries?: The following companies are subsidiares of Allstate: AIMCO Private Fund I Holding LLC, AIMCO Private Fund I LLC, AIMCO Private Fund II LLC, ALIC Reinsurance Company, ALINV Mosaic LLC, ANIHI Newco LLC, AP Real Estate LLC, AP Riverway Plaza LLC, AP Timber LLC, Allstate Assignment Company, Allstate Assurance Company, Allstate County Mutual Insurance Company, Allstate Digital Ventures LLC, Allstate Distributors L.L.C., Allstate Enterprises LLC, Allstate Exchange Services LLC, Allstate Finance Company Agency Loans LLC, Allstate Finance Company LLC, Allstate Financial Advisors LLC, Allstate Financial Corporation, Allstate Financial Insurance Holdings Corporation, Allstate Financial LLC, Allstate Financial Services LLC (1), Allstate Fire and Casualty Insurance Company, Allstate Global Holdings Limited, Allstate Indemnity Company, Allstate Insurance Company, Allstate Insurance Company of Canada, Allstate Insurance Holdings LLC, Allstate International Assignments Ltd., Allstate International Holdings Inc., Allstate Investment Management Company, Allstate Investments LLC, Allstate Life Insurance Company (2), Allstate Life Insurance Company of Canada, Allstate Life Insurance Company of New York, Allstate Motor Club Inc., Allstate New Jersey Insurance Company, Allstate New Jersey Property and Casualty Insurance Company, Allstate Non-Insurance Holdings Inc., Allstate North American Insurance Company, Allstate Northbrook Indemnity Company, Allstate Northern Ireland Limited, Allstate Property and Casualty Insurance Company, Allstate Settlement Corporation, Allstate Short Term Pool LLC, Allstate Solutions Private Limited, Allstate Texas Lloyd’s, Allstate Texas Lloyd’s Inc., Allstate Vehicle and Property Insurance Company, American Heritage Life Insurance Company, American Heritage Service Company, Answer Financial Inc., Answer Marketplace LLC, Arity 875 LLC, Arity International Limited, Arity LLC, Arity Services LLC, CE Care Plan Corp, Castle Key Indemnity Company, Castle Key Insurance Company, Complete Product Care Corp, Current Creek Investments LLC, E.R.J. Insurance Group Inc. (3), Encompass Floridian Indemnity Company, Encompass Floridian Insurance Company, Encompass Home and Auto Insurance Company, Encompass Indemnity Company, Encompass Independent Insurance Company, Encompass Insurance Company, Encompass Insurance Company of America, Encompass Insurance Company of Massachusetts, Encompass Insurance Company of New Jersey, Encompass Insurance Holdings LLC, Encompass Property and Casualty Company, Encompass Property and Casualty Insurance Company of New Jersey, Esurance Holdings Inc., Esurance Insurance Company, Esurance Insurance Company of Canada, Esurance Insurance Company of New Jersey, Esurance Insurance Services Company of Canada, Esurance Insurance Services Inc. (4), Esurance Property and Casualty Insurance Company, First Colonial Insurance Company, Identity Protection Strategic Solutions LLC, InfoArmor Aggra Inc., InfoArmor Inc., Insurance Answer Center LLC (5), Intramerica Life Insurance Company, Ivantage Insurance Brokers Inc., Ivantage Select Agency Inc., Kennett Capital Inc., NBInv AF1 LLC, NBInv AF2 LLC, NBInv AF3 LLC, NBInv AF4 LLC, NBInv AF5 LLC, NBInv AF6 LLC, NBInv AP1 LLC, NBInv AP2 LLC, NBInv AP3 LLC, NBInv AP4 LLC, NBInv AP5 LLC, NBInv AP6 LLC, NBInv AP7 LLC, NBInv AP8 LLC, NBInv APAF1 LLC, NBInv Riverside Cars1 LLC, NBInv Riverside Management LLC, North Light Specialty Insurance Company, Northeast Agencies Inc. (6), Pablo Creek Services Inc., Pafco Insurance Company, Pembridge Insurance Company, PlumChoice Business Services Inc., PlumChoice Inc., Protection Plan Group Inc., Right Answer Insurance Agency LLC, Road Bay Investments LLC, ST Product Care Corp, Signature Agency Inc., Signature Motor Club Inc., Signature Motor Club of California Inc., Signature Nationwide Auto Club of California Inc., Signature’s Nationwide Auto Club Inc., SquareTrade Australia Pty Ltd, SquareTrade Canada Inc., SquareTrade Europe Limited, SquareTrade Holding Company Inc., SquareTrade Inc. (7), SquareTrade Insurance Services Inc., SquareTrade Limited, SquareTrade Protection Solutions Inc., SquareTradeGo Inc., Tech-Cor LLC, and West Plaza RE Holdings LLC.
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How can I contact Allstate?: Allstate's mailing address is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. The official website for the company is www.allstate.com. The insurance provider can be reached via phone at (847) 402-5000, via email at invrel@allstate.com, or via fax at 651-450-4033.

This page (NYSE:ALL) was last updated on 9/30/2023 by MarketBeat.com Staff

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