Allstate (NYSE:ALL) Stock Bumped Down to Hold by HSBC

HSBC cut shares of Allstate (NYSE:ALL) from a buy rating to a hold rating in a research note published on Friday, Marketbeat Ratings reports. The firm currently has $271.00 price objective on the insurance provider’s stock.

A number of other equities analysts have also recently issued reports on ALL. Wall Street Zen cut Allstate from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 25th. TD Cowen lifted their price target on Allstate from $231.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, September 23rd. Piper Sandler reissued an “overweight” rating on shares of Allstate in a research note on Monday, September 28th. Jefferies Financial Group reduced their price target on Allstate from $310.00 to $292.00 and set a “buy” rating on the stock in a report on Tuesday, October 6th. Finally, The Goldman Sachs Group lowered their price objective on Allstate from $280.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Allstate currently has a consensus rating of “Hold” and an average target price of $272.00.

Allstate Price Performance

Allstate stock traded down $11.45 during mid-day trading on Friday, reaching $255.27. The company had a trading volume of 2,174,521 shares, compared to its average volume of 1,654,795. Allstate has a fifty-two week low of $191.13 and a fifty-two week high of $281.11. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24. The company has a market cap of $64.55 billion, a P/E ratio of 5.78, a P/E/G ratio of 0.58 and a beta of 0.13. The business has a fifty day simple moving average of $245.92 and a 200 day simple moving average of $229.83.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $2.87. Allstate had a return on equity of 41.64% and a net margin of 18.97%. The company had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $15.87 billion. During the same period in the prior year, the company earned $11.17 EPS. Allstate’s revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that Allstate will post 36.34 earnings per share for the current year.

Insider Activity

In other news, 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 value of $14,870,388.00. Following the sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at approximately $21,747,396.96. This represents a 40.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On Allstate

Hedge funds have recently bought and sold shares of the company. Gables Capital Management Inc. acquired a new position in Allstate in the second quarter valued at $26,000. Allied Private Wealth LLC acquired a new stake in Allstate during the 2nd quarter worth about $29,000. Kelleher Financial Advisors acquired a new stake in Allstate during the 2nd quarter worth about $28,000. Transamerica Financial Advisors LLC bought a new position in shares of Allstate in the 2nd quarter worth about $32,000. Finally, Highland Investment Advisors LLC bought a new position in shares of Allstate in the 2nd quarter worth about $31,000. Institutional investors own 76.47% of the company’s stock.

Trending Headlines about Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Third-quarter EPS of $9.76 beat estimates by about 39%, with strength in Protection Services and investment income. Allstate also reported growth in insurance policies. Allstate Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Management highlighted plans to use AI to improve distribution, including a personal assistant targeted for early 2027—an opportunity to improve customer experience and efficiency. Allstate Q3 Earnings Call Highlights AI Expansion and Margin Focus
• Neutral Sentiment: Analyst views were mixed: Wells Fargo raised its target to $252 and kept an Equal Weight rating, while HSBC moved Allstate from Buy to Hold with a $271 target.
• Negative Sentiment: Catastrophe losses contributed to a roughly 45% year-over-year drop in third-quarter net income. Investors are also watching pressure on auto margins as underlying loss costs rise while average premiums fall. Allstate grows auto policies as loss costs rise
• Negative Sentiment: Some analysts remain bearish despite raising their targets: Citigroup maintained Sell at $225, and Barclays retained Underweight at $228. Both targets are below the share price referenced in the reports. Put-option volume also rose sharply, suggesting increased hedging or bearish positioning.

About Allstate

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance.

The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.

Founded in 1931 as part of Sears, Roebuck and Co, Allstate became an independent, publicly traded company in 1993.