Allstate - ALL Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allstate in the last twelve months. There are currently 1 sell rating, 4 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ALL shares.
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12 equities research analysts have issued 12 month price targets for Allstate's shares. Their ALL share price forecasts range from $110.00 to $188.00. On average, they anticipate the company's stock price to reach $142.00 in the next year. This suggests a possible upside of 6.8% from the stock's current price.
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Allstate's stock was trading at $117.65 at the beginning of 2022. Since then, ALL shares have increased by 13.0% and is now trading at $133.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our ALL earnings forecast.

The Allstate Co. (NYSE:ALL) posted its quarterly earnings results on Wednesday, August, 3rd. The insurance provider reported ($0.76) EPS for the quarter, beating analysts' consensus estimates of ($1.26) by $0.50. The insurance provider had revenue of $12.95 billion for the quarter, compared to analyst estimates of $12.16 billion. Allstate had a trailing twelve-month return on equity of 7.53% and a net margin of 1.99%. During the same period in the prior year, the firm earned $3.79 earnings per share.
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Allstate announced a quarterly dividend on Tuesday, July 19th. Investors of record on Wednesday, August 31st will be given a dividend of $0.85 per share on Monday, October 3rd. This represents a $3.40 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Tuesday, August 30th.
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 2.56%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 118.47%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ALL will have a dividend payout ratio of 30.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALL.

Allstate announced that its Board of Directors has initiated a stock buyback plan on Wednesday, August 4th 2021, which authorizes the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 13% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is 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), Honeywell International (HON), 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 a number of institutional and retail investors. Top institutional shareholders include Meyer Handelman Co. (0.05%), Private Asset Management Inc. (0.01%), Fulton Bank N.A. (0.01%), AdvisorNet Financial Inc (0.01%), Moody National Bank Trust Division (0.00%) and Boltwood Capital Management (0.00%). Insiders that own company stock include Croker Trevor, 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.
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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 $133.00.

Allstate (NYSE:ALL) has a market capitalization of $35.95 billion and generates $50.59 billion in revenue each year. The insurance provider earns $1.60 billion in net income (profit) each year or $2.87 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.