Allstate (NYSE:ALL) Releases Quarterly Earnings Results, Beats Expectations By $2.87 EPS

Allstate (NYSE:ALL) issued its quarterly earnings results on Wednesday. The insurance provider reported $9.76 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $2.87, FiscalAI reports. Allstate had a return on equity of 41.64% and a net margin of 18.97%. The company had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $15.87 billion.

Allstate Price Performance

Shares of ALL traded up $7.89 during mid-day trading on Wednesday, reaching $269.39. The company had a trading volume of 2,012,266 shares, compared to its average volume of 1,746,618. The company has a market capitalization of $68.12 billion, a price-to-earnings ratio of 5.38, a P/E/G ratio of 0.58 and a beta of 0.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The company’s 50 day simple moving average is $245.62 and its 200 day simple moving average is $228.78. Allstate has a 1-year low of $191.13 and a 1-year high of $277.22.

Insider Buying and Selling

In other Allstate news, insider John E. Dugenske sold 32,996 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $269.33, for a total value of $8,886,812.68. Following the sale, the insider owned 13,054 shares in the company, valued at $3,515,833.82. This trade represents a 71.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Mario Rizzo sold 56,225 shares of the business’s stock in a transaction on 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 sale, the chief operating officer directly owned 82,227 shares in the company, valued at approximately $21,747,396.96. The trade was a 40.61% decrease in their position. The SEC filing for this sale provides additional information. 1.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ALL. Morgan Stanley dropped their target price on shares of Allstate from $265.00 to $240.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 6th. UBS Group upped their target price on Allstate from $261.00 to $275.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Roth Capital set a $300.00 target price on Allstate in a report on Thursday, August 6th. HSBC upgraded Allstate from a “hold” rating to a “buy” rating and set a $266.00 price target on the stock in a research note on Wednesday, October 7th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Allstate in a research note on Monday, September 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $270.19.

Allstate News Summary

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Allstate reported third-quarter EPS of $9.76, above the $6.89 consensus estimate cited in the earnings data. The company also reported $17.35 billion in revenue, versus estimates of $15.87 billion in that data. Allstate Reports Excellent Q3 2026 Results
• Positive Sentiment: Allstate is reportedly adding customers while keeping prices elevated, suggesting its customer base is growing without a retreat from pricing that can support premiums. Allstate is growing policy counts while prices stay elevated
• Neutral Sentiment: Coverage of the quarter was mixed: some reports said adjusted earnings fell and revenue missed or matched expectations. This may temper the headline EPS beat, depending on the measure investors emphasize. Allstate Adjusted Q3 Earnings Fall, Revenue Rises
• Negative Sentiment: A surge in catastrophe losses weighed on quarterly results, a reminder that weather-related claims can pressure underwriting performance. Allstate Q3 2026: EPS Beats by 40% Despite Catastrophe Loss Surge

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.