Allstate (NYSE:ALL) Given New $228.00 Price Target at Barclays

Allstate (NYSE:ALL) had its target price hoisted by Barclays from $221.00 to $228.00 in a research report report published on Thursday,Benzinga reports. Barclays currently has an underweight rating on the insurance provider’s stock.

ALL has been the subject of several other research reports. Keefe, Bruyette & Woods decreased their price objective on Allstate from $250.00 to $232.00 and set an “underperform” rating for the company in a report on Monday, October 12th. Raymond James Financial reissued a “strong-buy” rating and set a $315.00 target price (up from $300.00) on shares of Allstate in a report on Tuesday, August 11th. BMO Capital Markets increased their price objective on shares of Allstate from $250.00 to $284.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Argus set a $238.00 price objective on shares of Allstate in a report on Friday, August 28th. Finally, HSBC raised Allstate from a “hold” rating to a “buy” rating and set a $266.00 target price for the company in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $270.52.

Allstate Price Performance

Allstate stock opened at $267.51 on Thursday. Allstate has a 1 year low of $191.13 and a 1 year high of $281.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36. The firm has a 50-day moving average of $245.96 and a two-hundred day moving average of $229.53. The stock has a market cap of $67.64 billion, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 0.59 and a beta of 0.13.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $2.87. The business had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $15.87 billion. Allstate had a net margin of 16.57% and a return on equity of 38.48%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $11.17 earnings per share. On average, research analysts forecast that Allstate will post 36.21 earnings per share for the current year.

Insider Activity at Allstate

In related news, COO Mario Rizzo sold 56,225 shares of the 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 transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This trade represents a 40.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.55% of the stock is owned by company insiders.

Hedge Funds Weigh In On Allstate

Large investors have recently bought and sold shares of the stock. Kendall Capital Management grew its holdings in shares of Allstate by 2.4% in the 3rd quarter. Kendall Capital Management now owns 1,730 shares of the insurance provider’s stock worth $384,000 after acquiring an additional 40 shares during the period. Insight Inv LLC raised its holdings in Allstate by 0.3% during the third quarter. Insight Inv LLC now owns 13,682 shares of the insurance provider’s stock worth $3,035,000 after purchasing an additional 44 shares during the last quarter. Cornerstone Financial Management LLC boosted its position in Allstate by 24.9% during the second quarter. Cornerstone Financial Management LLC now owns 226 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 45 shares in the last quarter. Capital Advisors Inc. OK boosted its position in Allstate by 2.6% during the second quarter. Capital Advisors Inc. OK now owns 1,827 shares of the insurance provider’s stock worth $435,000 after purchasing an additional 46 shares in the last quarter. Finally, Providence Wealth Advisors LLC grew its holdings in Allstate by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 13,887 shares of the insurance provider’s stock valued at $3,107,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Key Stories Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Q3 earnings of $9.76 per share topped analyst estimates of roughly $7, while adjusted net income reached $2.5 billion. Growth in Protection Services and higher investment income helped drive the beat. Allstate Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Auto policies grew 3.4%, indicating customer and policy-count momentum. Allstate also signaled plans to launch a personal AI agentic assistant in early 2027, which could support customer service and operating efficiency over time. Allstate grows auto policies 3.4% Allstate signals early 2027 launch of personal agentic assistant
• Neutral Sentiment: Barclays raised its price target from $221 to $228 but maintained an “underweight” rating, signaling continued caution despite the higher target. Barclays stock recommendations
• Negative Sentiment: Catastrophe losses contributed to a roughly 45% year-over-year decline in reported net income, and underlying loss costs are rising even as average premiums fall. These trends could pressure underwriting margins; earnings were also below the year-ago level of $11.17 per share. Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses
• Negative Sentiment: Investors bought substantially more put options than usual, suggesting increased demand for downside protection, though options activity alone does not establish a market direction. Allstate trading information

About Allstate

Allstate Corp. (NYSE: ALL) is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.

The company also provides roadside assistance, identity-protection services and protection plans for consumer products. Through its acquisition of National General, Allstate expanded its presence in independent-agent distribution and specialty personal insurance.