Allstate (NYSE:ALL) Rating Lowered to Hold at Zacks Research

Allstate (NYSE:ALL) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Allstate’s Q1 2026 earnings at $6.65 EPS and Q1 2028 earnings at $6.68 EPS.

Several other equities analysts have also issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a report on Friday, February 20th. TD Cowen lowered shares of Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. William Blair lowered shares of Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Mizuho dropped their price objective on shares of Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $238.53.

Allstate Price Performance

ALL stock opened at $212.20 on Tuesday. The firm has a market cap of $55.07 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 0.42 and a beta of 0.22. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26. Allstate has a 12-month low of $180.00 and a 12-month high of $216.75. The company’s fifty day simple moving average is $207.17 and its 200 day simple moving average is $205.29.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.72 by $5.59. The business had revenue of $17.35 billion for the quarter, compared to analyst estimates of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. Allstate’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.67 earnings per share. On average, analysts expect that Allstate will post 18.74 earnings per share for the current year.

Institutional Trading of Allstate

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALL. Norges Bank bought a new stake in Allstate during the 4th quarter worth approximately $531,294,000. GQG Partners LLC increased its holdings in Allstate by 36.0% during the 4th quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock worth $1,142,449,000 after purchasing an additional 1,452,993 shares in the last quarter. Franklin Resources Inc. increased its holdings in Allstate by 29.2% during the 4th quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock worth $1,042,321,000 after purchasing an additional 1,131,172 shares in the last quarter. Swedbank AB increased its holdings in Allstate by 2,157.8% during the 3rd quarter. Swedbank AB now owns 861,725 shares of the insurance provider’s stock worth $184,969,000 after purchasing an additional 823,559 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Allstate by 1,766.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider’s stock worth $180,911,000 after purchasing an additional 822,583 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.