Zacks Research Has Positive Outlook for Allstate Q2 Earnings

The Allstate Co. (NYSE:ALL) – Equities research analysts at Zacks Research increased their Q2 2026 earnings per share estimates for shares of Allstate in a report released on Wednesday, December 18th. Zacks Research analyst Z. Masood now anticipates that the insurance provider will earn $3.47 per share for the quarter, up from their prior estimate of $3.46. The consensus estimate for Allstate’s current full-year earnings is $16.26 per share.

Several other brokerages also recently commented on ALL. Raymond James increased their target price on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a report on Friday, October 4th. JPMorgan Chase & Co. lifted their target price on Allstate from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Piper Sandler raised their price objective on shares of Allstate from $206.00 to $244.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Barclays boosted their target price on shares of Allstate from $175.00 to $187.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. Finally, Bank of America raised their price target on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $217.19.

Allstate Trading Up 1.0 %

Shares of Allstate stock opened at $195.52 on Monday. The company has a market capitalization of $51.77 billion, a P/E ratio of 12.66, a price-to-earnings-growth ratio of 1.70 and a beta of 0.50. The stock has a fifty day simple moving average of $195.78 and a 200 day simple moving average of $182.73. Allstate has a 12-month low of $137.07 and a 12-month high of $209.88. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion during the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. Allstate’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 EPS.

Allstate Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be paid a $0.92 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $3.68 dividend on an annualized basis and a yield of 1.88%. Allstate’s dividend payout ratio is presently 23.83%.

Hedge Funds Weigh In On Allstate

Institutional investors have recently made changes to their positions in the stock. SPC Financial Inc. increased its stake in Allstate by 3.6% in the third quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock valued at $297,000 after acquiring an additional 54 shares during the last quarter. Lake Street Advisors Group LLC increased its position in shares of Allstate by 1.8% during the 3rd quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock valued at $596,000 after purchasing an additional 54 shares during the last quarter. Abacus Planning Group Inc. raised its holdings in shares of Allstate by 2.4% during the 3rd quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock valued at $458,000 after buying an additional 56 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in Allstate by 1.3% in the third quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock worth $893,000 after buying an additional 59 shares in the last quarter. Finally, Carmichael Hill & Associates Inc. raised its stake in shares of Allstate by 15.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

About Allstate

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.