FY2026 EPS Estimates for Allstate Increased by Analyst

The Allstate Corporation (NYSE:ALL) – Research analysts at DOWLING & PARTN lifted their FY2026 earnings estimates for shares of Allstate in a research note issued to investors on Friday, August 7th. DOWLING & PARTN analyst D. Lukpanov now expects that the insurance provider will post earnings per share of $35.50 for the year, up from their prior forecast of $30.50. The consensus estimate for Allstate’s current full-year earnings is $31.93 per share. DOWLING & PARTN also issued estimates for Allstate’s FY2027 earnings at $25.50 EPS.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.06 by $2.93. The company had revenue of $15.43 billion during the quarter, compared to analysts’ expectations of $15.46 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $5.94 EPS.

Several other brokerages have also recently issued reports on ALL. Raymond James Financial reissued a “strong-buy” rating and issued a $315.00 price objective on shares of Allstate in a research note on Tuesday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $280.00 target price on shares of Allstate in a report on Friday. Keefe, Bruyette & Woods increased their price target on Allstate from $242.00 to $255.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 8th. Piper Sandler raised their price target on Allstate from $268.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Evercore set a $240.00 price objective on Allstate in a report on Friday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $265.53.

Allstate Stock Performance

Allstate stock opened at $261.94 on Wednesday. The company has a 50 day moving average price of $243.78 and a 200-day moving average price of $221.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. Allstate has a fifty-two week low of $188.08 and a fifty-two week high of $277.22. The company has a market capitalization of $66.23 billion, a PE ratio of 5.23, a P/E/G ratio of 0.44 and a beta of 0.16.

Hedge Funds Weigh In On Allstate

A number of large investors have recently added to or reduced their stakes in ALL. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Allstate by 5.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 552,120 shares of the insurance provider’s stock worth $112,533,000 after acquiring an additional 26,586 shares in the last quarter. Strategic Global Advisors LLC boosted its stake in Allstate by 19.2% in the fourth quarter. Strategic Global Advisors LLC now owns 48,882 shares of the insurance provider’s stock valued at $10,175,000 after acquiring an additional 7,870 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its stake in Allstate by 130.9% in the first quarter. Elevation Point Wealth Partners LLC now owns 19,288 shares of the insurance provider’s stock valued at $4,016,000 after acquiring an additional 10,936 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Allstate in the fourth quarter worth $161,000. Finally, CIBC Asset Management Inc grew its holdings in Allstate by 69.2% in the fourth quarter. CIBC Asset Management Inc now owns 63,011 shares of the insurance provider’s stock worth $13,116,000 after purchasing an additional 25,764 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Mark Q. Prindiville sold 1,550 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of the sale, the insider directly owned 27,558 shares in the company, valued at $5,959,968.66. This represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider John E. Dugenske sold 32,996 shares of the firm’s stock in a transaction dated 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 directly owned 13,054 shares in the company, valued at approximately $3,515,833.82. The trade was a 71.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 36,771 shares of company stock worth $9,673,506. 1.55% of the stock is currently owned by company insiders.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, August 31st will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. Allstate’s dividend payout ratio (DPR) is 8.63%.

More Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: JPMorgan raised its price target for Allstate from $282 to $292 and maintained an “overweight” rating, implying meaningful upside based on its current valuation. Benzinga report
• Positive Sentiment: Piper Sandler also increased its price target, lifting it from $268 to $300 and reiterating an “overweight” rating. The revision suggests the firm expects continued earnings strength or improved valuation support. Ticker Report article
• Neutral Sentiment: Allstate is preparing its Allie platform as part of an agentic artificial-intelligence strategy. The initiative could improve productivity and customer service over time, although its financial impact remains uncertain. Allstate preps Allie platform to drive agentic AI strategy
• Negative Sentiment: Citi downgraded Allstate to “sell”, arguing that the insurer’s recent operating returns appear “unsustainable.” The call challenges the durability of the company’s recent profit performance. Allstate cut to sell at Citi
• Negative Sentiment: Insider John E. Dugenske sold 32,996 shares worth approximately $8.9 million, reducing his position by about 72%. While insider sales can be planned for personal reasons, the size of the transaction may weigh on sentiment. SEC insider transaction filing
• Negative Sentiment: DOWLING & PARTN projected FY2028 EPS of $25.50, below the current consensus estimate of $31.40 for the full year. The lower forecast raises concerns about longer-term earnings growth.

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.