Zacks Research Forecasts Allstate FY2024 Earnings

The Allstate Co. (NYSE:ALL - Free Report) - Zacks Research issued their FY2024 earnings per share (EPS) estimates for shares of Allstate in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst Z. Masood forecasts that the insurance provider will earn $15.42 per share for the year. The consensus estimate for Allstate's current full-year earnings is $16.01 per share. Zacks Research also issued estimates for Allstate's Q2 2025 earnings at $2.94 EPS, Q3 2025 earnings at $3.91 EPS, Q4 2025 earnings at $4.68 EPS, FY2025 earnings at $16.64 EPS, Q1 2026 earnings at $5.19 EPS and Q2 2026 earnings at $3.46 EPS.

Several other equities research analysts also recently weighed in on the company. Evercore ISI increased their price target on Allstate from $191.00 to $195.00 and gave the stock an "in-line" rating in a report on Wednesday, October 9th. Roth Mkm reiterated a "buy" rating and set a $200.00 target price on shares of Allstate in a research report on Wednesday, August 14th. Barclays raised their target price on shares of Allstate from $175.00 to $187.00 and gave the company an "underweight" rating in a report on Thursday, October 31st. UBS Group upped their price target on shares of Allstate from $216.00 to $225.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Wells Fargo & Company raised their price objective on shares of Allstate from $175.00 to $186.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Allstate has an average rating of "Moderate Buy" and an average price target of $214.19.

Allstate Stock Performance

ALL stock traded up $3.09 during trading on Monday, hitting $199.97. The company had a trading volume of 1,106,237 shares, compared to its average volume of 1,540,437. The firm has a 50-day moving average price of $190.27 and a 200-day moving average price of $177.02. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. The firm has a market cap of $52.95 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.75 and a beta of 0.48. Allstate has a 1-year low of $132.74 and a 1-year high of $201.00.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. FSA Wealth Management LLC acquired a new position in Allstate in the 3rd quarter worth $26,000. Northwest Investment Counselors LLC bought a new position in shares of Allstate during the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate in the 3rd quarter worth approximately $29,000. Versant Capital Management Inc increased its position in Allstate by 70.9% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider's stock valued at $30,000 after acquiring an additional 78 shares during the period. Finally, Family Firm Inc. acquired a new stake in Allstate in the 2nd quarter valued at about $38,000. 76.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider John E. Dugenske sold 36,367 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $191.38, for a total transaction of $6,959,916.46. Following the completion of the sale, the insider now owns 27,364 shares of the company's stock, valued at approximately $5,236,922.32. This represents a 57.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now directly owns 88,552 shares in the company, valued at approximately $15,880,915.68. This trade represents a 50.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company's stock.

Allstate Dividend Announcement

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 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 1.84%. Allstate's dividend payout ratio (DPR) is presently 23.83%.

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.