Allstate - ALL Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allstate in the last twelve months. There are currently 1 sell rating, 3 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALL shares.
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12 brokers have issued 1 year price objectives for Allstate's stock. Their ALL share price forecasts range from $100.00 to $188.00. On average, they predict the company's stock price to reach $143.08 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price.
View analysts price targets for ALL or view top-rated stocks among Wall Street analysts.

Allstate's stock was trading at $117.65 at the start of the year. Since then, ALL shares have increased by 11.2% and is now trading at $130.85.
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Allstate saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 3,560,000 shares, a drop of 19.5% from the October 31st total of 4,420,000 shares. Based on an average daily volume of 1,890,000 shares, the short-interest ratio is currently 1.9 days. Approximately 1.4% of the shares of the stock are short sold.
View Allstate's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our ALL earnings forecast.

The Allstate Co. (NYSE:ALL) issued its earnings results on Thursday, November, 3rd. The insurance provider reported ($1.56) earnings per share for the quarter, beating analysts' consensus estimates of ($1.81) by $0.25. The insurance provider earned $13.38 billion during the quarter, compared to analyst estimates of $13.30 billion. Allstate had a positive trailing twelve-month return on equity of 5.13% and a negative net margin of 0.41%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share.
Read the conference call transcript.

Allstate announced a quarterly dividend on Friday, November 18th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.85 per share on Tuesday, January 3rd. This represents a $3.40 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Tuesday, November 29th.
Read our dividend analysis for ALL.

Allstate (NYSE:ALL) pays an annual dividend of $3.40 per share and currently has a dividend yield of 2.58%.
Read our dividend analysis for ALL.

Allstate announced that its board has initiated a share repurchase program on Wednesday, August 4th 2021, which authorizes the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 13% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.

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).

Allstate trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALL."

Allstate's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.69%), BlackRock Inc. (8.29%), State Street Corp (4.66%), Barrow Hanley Mewhinney & Strauss LLC (1.90%), LSV Asset Management (1.16%) and Dimensional Fund Advisors LP (1.14%). Insiders that own company stock include Glenn T Shapiro, Jesse E Merten, John C Pintozzi, John E Dugenske, Judith A Sprieser, Mario Rizzo, Mark Q Prindiville, Suren Gupta, Thomas J Wilson and Thomas J Wilson.
View institutional ownership trends.

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.
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One share of ALL stock can currently be purchased for approximately $130.85.

Allstate (NYSE:ALL) has a market capitalization of $34.70 billion and generates $50.59 billion in revenue each year. The insurance provider earns $1.60 billion in net income (profit) each year or ($1.42) on an earnings per share basis.

The company employs 54,700 workers across the globe.

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.