Roth Capital Brokers Reduce Earnings Estimates for Allstate

The Allstate Co. (NYSE:ALL - Free Report) - Stock analysts at Roth Capital lowered their Q1 2025 earnings per share estimates for shares of Allstate in a research note issued to investors on Tuesday, April 22nd. Roth Capital analyst H. Fong now forecasts that the insurance provider will post earnings of $2.37 per share for the quarter, down from their prior forecast of $3.43. The consensus estimate for Allstate's current full-year earnings is $18.74 per share. Roth Capital also issued estimates for Allstate's Q2 2025 earnings at $3.59 EPS.

Several other research firms have also commented on ALL. Barclays reduced their price target on shares of Allstate from $183.00 to $172.00 and set an "underweight" rating for the company in a research report on Friday, April 11th. StockNews.com downgraded Allstate from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. JPMorgan Chase & Co. upped their price target on Allstate from $217.00 to $222.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Wells Fargo & Company increased their target price on shares of Allstate from $186.00 to $187.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 14th. Finally, Evercore ISI upgraded shares of Allstate from an "in-line" rating to an "outperform" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Allstate presently has a consensus rating of "Moderate Buy" and an average price target of $219.27.

Allstate Stock Down 0.9 %

ALL traded down $1.84 during trading on Thursday, hitting $193.02. 1,156,082 shares of the company's stock traded hands, compared to its average volume of 1,615,648. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $51.16 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 1.01 and a beta of 0.36. The company's 50 day simple moving average is $197.62 and its two-hundred day simple moving average is $194.62. Allstate has a 12-month low of $156.66 and a 12-month high of $212.91.

Allstate (NYSE:ALL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, beating the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%.

Allstate announced that its board has initiated a stock buyback program on Wednesday, February 26th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the insurance provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th were given a dividend of $1.00 per share. The ex-dividend date was Monday, March 10th. This is a positive change from Allstate's previous quarterly dividend of $0.92. This represents a $4.00 dividend on an annualized basis and a yield of 2.07%. Allstate's payout ratio is 23.54%.

Insider Buying and Selling at Allstate

In related news, CFO Jesse E. Merten sold 40,102 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $186.53, for a total transaction of $7,480,226.06. Following the transaction, the chief financial officer now directly owns 18,115 shares of the company's stock, valued at $3,378,990.95. This represents a 68.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.80% of the company's stock.

Institutional Trading of Allstate

Several hedge funds and other institutional investors have recently bought and sold shares of ALL. VSM Wealth Advisory LLC purchased a new position in Allstate in the fourth quarter valued at $25,000. Twin Tree Management LP acquired a new position in Allstate in the 4th quarter worth about $27,000. Vision Financial Markets LLC acquired a new stake in Allstate in the fourth quarter valued at approximately $29,000. Hopwood Financial Services Inc. acquired a new position in shares of Allstate during the 4th quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Allstate in the 4th quarter valued at $29,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Company Profile

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.