Citigroup Issues Positive Forecast for Allstate (NYSE:ALL) Stock Price

Allstate (NYSE:ALL) had its target price increased by research analysts at Citigroup from $215.00 to $225.00 in a report released on Friday, Benzinga reports. The firm presently has a “sell” rating on the insurance provider’s stock. Citigroup‘s target price suggests a potential downside of 11.86% from the company’s current price.

A number of other research firms also recently commented on ALL. Wall Street Zen downgraded Allstate from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 25th. Raymond James Financial reiterated a “strong-buy” rating and issued a $315.00 target price (up from $300.00) on shares of Allstate in a research report on Tuesday, August 11th. JPMorgan Chase & Co. increased their price target on shares of Allstate from $282.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 15th. Finally, Argus set a $238.00 price target on shares of Allstate in a research report on Friday, August 28th. Two equities research 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $272.00.

Allstate Stock Performance

ALL traded down $11.45 on Friday, reaching $255.27. 2,173,154 shares of the stock were exchanged, compared to its average volume of 1,755,936. The company’s 50-day moving average price is $245.96 and its 200 day moving average price is $229.53. Allstate has a fifty-two week low of $191.13 and a fifty-two week 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 market capitalization of $64.55 billion, a PE ratio of 5.78, a PEG ratio of 0.59 and a beta of 0.13.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share for the quarter, beating the consensus estimate of $6.89 by $2.87. The business had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $15.87 billion. Allstate had a return on equity of 38.48% and a net margin of 16.57%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $11.17 EPS. As a group, sell-side analysts forecast that Allstate will post 36.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Allstate news, COO Mario Rizzo sold 56,225 shares of Allstate stock in a transaction dated Tuesday, August 11th. The stock was 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 in the company, valued at approximately $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 this link. Corporate insiders own 1.55% of the company’s stock.

Institutional Trading of Allstate

Hedge funds have recently modified their holdings of the stock. Strategic Global Advisors LLC acquired a new position in Allstate in the second quarter valued at approximately $11,680,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Allstate during the 2nd quarter worth approximately $6,861,000. QRG Capital Management Inc. grew its stake in shares of Allstate by 82.1% during the 2nd quarter. QRG Capital Management Inc. now owns 94,687 shares of the insurance provider’s stock worth $22,427,000 after purchasing an additional 42,690 shares during the period. Bank of America Corp DE acquired a new stake in shares of Allstate during the 2nd quarter worth approximately $1,410,362,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Allstate during the 2nd quarter valued at approximately $42,409,000. Hedge funds and other 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: Allstate reported Q3 earnings of $9.76 per share, above estimates, with revenue also topping the consensus cited in the earnings report. Protection Services growth and higher investment income helped support results. ALL Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Management highlighted growth and progress on AI, including plans to launch a personal “agentic assistant” in early 2027. These initiatives could improve customer service and operating efficiency over time. Allstate signals early 2027 launch of personal agentic assistant
• Neutral Sentiment: Auto policies grew 3.4%, but rising underlying claim costs alongside falling average premiums raise questions about the profitability of that growth. Allstate grows auto policies but underlying loss costs are rising
• Negative Sentiment: Catastrophe losses weighed heavily on the quarter: a report said Q3 net income fell about 45%, and earnings per share declined from $11.17 a year earlier to $9.76. The earnings beat therefore may not fully ease concerns about earnings quality and volatility. Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses
• Negative Sentiment: Analyst signals were mixed but leaned cautious: HSBC cut its rating from buy to hold, Wells Fargo maintained equal weight with a $252 target, and Barclays kept an underweight rating despite raising its target to $228. Unusually elevated put-option trading also points to increased hedging or bearish positioning. Read More. · Read More. · Read More.

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.