Allstate (NYSE:ALL) Price Target Raised to $300.00

Allstate (NYSE:ALL) had its target price increased by Piper Sandler from $268.00 to $300.00 in a research report report published on Monday,Benzinga reports. The firm currently has an overweight rating on the insurance provider’s stock.

ALL has been the topic of a number of other research reports. Raymond James Financial boosted their target price on shares of Allstate from $260.00 to $300.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. increased their price target on shares of Allstate from $263.00 to $282.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Roth Capital set a $300.00 price target on shares of Allstate in a research report on Thursday, August 6th. Mizuho raised their price target on shares of Allstate from $255.00 to $272.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, UBS Group boosted their price objective on shares of Allstate from $261.00 to $275.00 and gave the stock a “neutral” rating in a report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten 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 $265.53.

Allstate Stock Performance

ALL opened at $255.95 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $244.71 and its two-hundred day moving average price is $222.09. The firm has a market capitalization of $64.72 billion, a P/E ratio of 5.11, a price-to-earnings-growth ratio of 0.41 and a beta of 0.16. Allstate has a 12-month low of $188.08 and a 12-month high of $277.22.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The company had revenue of $15.43 billion during the quarter, compared to analyst estimates of $15.46 billion. During the same period in the previous year, the company earned $5.94 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts forecast that Allstate will post 33.26 earnings per share for the current year.

Allstate Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate’s dividend payout ratio is presently 8.63%.

Insider Transactions at Allstate

In related news, COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total value of $14,870,388.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Redmond sold 2,225 shares of Allstate stock in a transaction on Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the sale, the director owned 2,225 shares in the company, valued at $451,474.75. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,996 shares of company stock valued at $24,543,894 in the last ninety days. 1.55% of the stock is owned by company insiders.

Institutional Trading of Allstate

Several institutional investors have recently made changes to their positions in ALL. Gables Capital Management Inc. acquired a new position in Allstate in the second quarter worth about $26,000. Allied Private Wealth LLC acquired a new stake in Allstate during the second quarter valued at approximately $29,000. Kelleher Financial Advisors acquired a new stake in Allstate during the second quarter valued at approximately $28,000. MV Capital Management Inc. bought a new stake in shares of Allstate in the 4th quarter valued at approximately $25,000. Finally, Navalign LLC bought a new stake in shares of Allstate in the 4th quarter valued at approximately $27,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: JPMorgan raised its price target on Allstate from $282 to $292 and maintained an “overweight” rating, indicating confidence in further appreciation. Benzinga report
• Positive Sentiment: Piper Sandler forecast strong price appreciation for Allstate, adding to the positive analyst commentary surrounding the insurer. Piper Sandler forecast article
• Positive Sentiment: Allstate’s latest quarterly results significantly exceeded earnings expectations. The company reported $8.99 in EPS versus the $6.06 consensus estimate, while revenue increased 11.8% year over year to $15.43 billion. The earnings call and analyst questions are receiving additional investor attention. Allstate Q2 earnings call article
• Neutral Sentiment: Dowling & Partners raised its FY2026 EPS estimate to $35.50 from $30.50, but projected FY2027 and FY2028 EPS of $25.50. The higher near-term forecast is encouraging, although the later estimates imply potentially weaker earnings after FY2026.
• Neutral Sentiment: Allstate declared a quarterly dividend of $1.08, payable October 1 to shareholders of record August 31. The annualized dividend is $4.32, representing a yield of approximately 1.6%.
• Negative Sentiment: Citi downgraded Allstate to “sell,” arguing that the insurer’s recent operating returns appear unsustainable. The downgrade challenges whether recent profitability can persist. Citi downgrade article
• Negative Sentiment: Two senior insiders reported sizable stock sales. COO Mario Rizzo sold 56,225 shares for about $14.9 million, reducing his holdings by 40.6%, while John Dugenske sold 32,996 shares worth approximately $8.9 million and cut his position by 71.7%. Insider sales can reflect personal financial planning, but their size may weigh on sentiment. Mario Rizzo SEC filing John Dugenske SEC filing

Allstate Company Profile

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.