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 and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALL shares.
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12 Wall Street research analysts have issued 12-month 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 $141.31 in the next twelve months. This suggests a possible upside of 30.3% 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 $135.60 at the beginning of the year. Since then, ALL shares have decreased by 20.0% and is now trading at $108.43.
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Allstate saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 2,720,000 shares, an increase of 10.6% from the April 30th total of 2,460,000 shares. Based on an average trading volume of 1,990,000 shares, the short-interest ratio is currently 1.4 days. Currently, 1.0% of the company's shares are sold short.
View Allstate's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ALL earnings forecast.

The Allstate Co. (NYSE:ALL) released its quarterly earnings results on Thursday, May, 4th. The insurance provider reported ($1.30) EPS for the quarter, beating analysts' consensus estimates of ($1.94) by $0.64. The insurance provider had revenue of $13.79 billion for the quarter, compared to analyst estimates of $13.68 billion. Allstate had a negative net margin of 4.33% and a negative trailing twelve-month return on equity of 7.77%. The company's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.58 earnings per share.
Read the conference call transcript.

Allstate announced a quarterly dividend on Monday, May 22nd. Stockholders of record on Friday, June 2nd will be given a dividend of $0.89 per share on Monday, July 3rd. This represents a $3.56 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Thursday, June 1st.
Read our dividend analysis for ALL.

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), American CenturyFocused Large Cap Value ETF (FLV), Natixis Vaughan Nelson Mid Cap ETF (VNMC), ASYMmetric Smart S&P 500 ETF (ASPY), SPDR S&P Insurance ETF (KIE) and Neuberger Berman Next Generation Connected Consumer ETF (NBCC).

Allstate (NYSE:ALL) pays an annual dividend of $3.56 per share and currently has a dividend yield of 3.22%.
Read our dividend analysis for ALL.

Allstate declared that its Board of Directors has approved a share buyback program on Wednesday, August 4th 2021, which allows the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 13% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors 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), 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 BlackRock Inc. (8.41%), State Street Corp (4.37%), Price T Rowe Associates Inc. MD (2.30%), Geode Capital Management LLC (2.21%), Charles Schwab Investment Management Inc. (2.10%) and American Century Companies Inc. (1.96%). 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 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 $108.43.

Allstate (NYSE:ALL) has a market capitalization of $28.50 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 ($8.87) on an earnings per share basis.

The company employs 54,500 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.