What is Zacks Research's Forecast for Allstate Q4 Earnings?

The Allstate Co. (NYSE:ALL - Free Report) - Research analysts at Zacks Research boosted their Q4 2024 earnings per share (EPS) estimates for shares of Allstate in a report released on Wednesday, November 13th. Zacks Research analyst Z. Masood now forecasts that the insurance provider will earn $4.77 per share for the quarter, up from their previous estimate of $4.64. The consensus estimate for Allstate's current full-year earnings is $16.07 per share. Zacks Research also issued estimates for Allstate's Q1 2025 earnings at $5.11 EPS, Q3 2026 earnings at $4.68 EPS and FY2026 earnings at $18.27 EPS.

Allstate (NYSE:ALL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to analyst estimates of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company's revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group increased their price objective on Allstate from $209.00 to $230.00 and gave the stock a "buy" rating in a report on Friday. BMO Capital Markets boosted their price objective on shares of Allstate from $205.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Piper Sandler raised their target price on shares of Allstate from $188.00 to $196.00 and gave the company an "overweight" rating in a research note on Friday, August 16th. TD Cowen raised their price objective on Allstate from $193.00 to $224.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Allstate from $205.00 to $207.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $214.19.

Allstate Trading Up 0.6 %

Allstate stock traded up $1.10 during mid-day trading on Friday, reaching $196.88. 1,394,742 shares of the company traded hands, compared to its average volume of 1,542,382. The firm's 50 day moving average price is $189.79 and its 200 day moving average price is $176.53. Allstate has a 52-week low of $131.65 and a 52-week high of $201.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $52.13 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 1.75 and a beta of 0.48.

Institutional Investors Weigh In On Allstate

A number of institutional investors and hedge funds have recently modified their holdings of the business. Koshinski Asset Management Inc. purchased a new stake in shares of Allstate during the first quarter valued at $377,000. HBK Sorce Advisory LLC raised its position in Allstate by 127.5% during the 1st quarter. HBK Sorce Advisory LLC now owns 3,292 shares of the insurance provider's stock valued at $570,000 after purchasing an additional 1,845 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in Allstate by 20.3% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 2,017 shares of the insurance provider's stock valued at $349,000 after purchasing an additional 340 shares in the last quarter. Mizuho Markets Americas LLC grew its position in shares of Allstate by 65.3% during the 1st quarter. Mizuho Markets Americas LLC now owns 614,723 shares of the insurance provider's stock worth $106,353,000 after buying an additional 242,943 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC bought a new position in shares of Allstate during the 1st quarter worth $217,000. 76.47% of the stock is owned by institutional investors.

Insider Activity

In related news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $191.38, for a total value of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares of the company's stock, valued at $5,236,922.32. This represents a 57.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert Toohey sold 16,682 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $180.17, for a total value of $3,005,595.94. Following the transaction, the executive vice president now owns 4,873 shares of the company's stock, valued at $877,968.41. This trade represents a 77.39 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,049 shares of company stock worth $26,106,112. 1.80% of the stock is currently owned by corporate insiders.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be issued 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 dividend yield of 1.87%. Allstate's dividend payout ratio (DPR) is presently 23.83%.

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.