Allstate (NYSE:ALL) Stock Rating Lowered by Keefe, Bruyette & Woods

Allstate (NYSE:ALL) was downgraded by Keefe, Bruyette & Woods from a “hold” rating to a “moderate sell” rating in a report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Mizuho upped their price target on Allstate from $255.00 to $272.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. HSBC lowered Allstate from a “buy” rating to a “hold” rating and lifted their price objective for the company from $244.00 to $264.00 in a research note on Monday, July 6th. Atlantic Securities set a $319.00 target price on Allstate in a report on Wednesday, July 15th. Zacks Research raised shares of Allstate from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $315.00 price target on shares of Allstate in a report on Tuesday, August 11th. Four analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $265.26.

Allstate Stock Down 2.1%

Shares of NYSE:ALL opened at $254.29 on Wednesday. The stock’s 50-day moving average price is $249.69 and its two-hundred day moving average price is $224.74. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24. Allstate has a 12-month low of $188.08 and a 12-month high of $277.22. The firm has a market cap of $64.30 billion, a price-to-earnings ratio of 5.08, a PEG ratio of 0.40 and a beta of 0.16.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, topping the consensus estimate of $6.06 by $2.93. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $15.46 billion. During the same quarter in the prior year, the business posted $5.94 earnings per share. Allstate’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, research analysts forecast that Allstate will post 34.5 EPS for the current year.

Insider Transactions at Allstate

In other news, Director Andrea Redmond sold 2,225 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the transaction, the director directly owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Mario Rizzo sold 56,225 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the completion of the transaction, the chief operating officer owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This trade represents a 40.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 91,446 shares of company stock valued at $24,208,675. Corporate insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On Allstate

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Allstate by 5.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552,120 shares of the insurance provider’s stock worth $112,533,000 after acquiring an additional 26,586 shares in the last quarter. Strategic Global Advisors LLC boosted its stake in Allstate by 19.2% in the 4th quarter. Strategic Global Advisors LLC now owns 48,882 shares of the insurance provider’s stock worth $10,175,000 after purchasing an additional 7,870 shares during the period. Elevation Point Wealth Partners LLC grew its position in Allstate by 130.9% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 19,288 shares of the insurance provider’s stock worth $4,016,000 after purchasing an additional 10,936 shares in the last quarter. CIBC Asset Management Inc grew its position in Allstate by 69.2% during the 4th quarter. CIBC Asset Management Inc now owns 63,011 shares of the insurance provider’s stock worth $13,116,000 after purchasing an additional 25,764 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Allstate by 8.1% during the 1st quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider’s stock valued at $1,640,748,000 after purchasing an additional 596,321 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

More Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Zacks Research raised several forward EPS estimates, including forecasts for Q1 2027, Q4 2027, Q1 2028 and Q2 2028. Zacks maintained its “Strong-Buy” rating, suggesting confidence in Allstate’s longer-term earnings potential. Zacks Research estimates
• Negative Sentiment: Allstate reported estimated July catastrophe losses of $682 million before tax, or $539 million after tax. The losses are expected to reduce quarterly results and highlight continued weather-related claims pressure. July 2026 Monthly Release
• Negative Sentiment: Pre-tax catastrophe losses for the current aggregate year have reached approximately $2.402 billion. The cumulative figure increases uncertainty around underwriting profitability and may prompt investors to reassess full-year earnings expectations. Allstate’s aggregate catastrophe losses
• Negative Sentiment: Keefe, Bruyette & Woods reaffirmed its “Underperform” rating and lowered its price target to $250 from $255. The reduced target signals limited near-term upside and adds pressure to the stock’s valuation. KBW analyst rating
• Negative Sentiment: Zacks also reduced its Q4 2026 EPS forecast to $7.72 from $7.89, partially offsetting its longer-term estimate increases. This cut may reflect expectations for near-term catastrophe-related earnings pressure.

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.