Allstate (NYSE:ALL) Price Target Cut to $232.00 by Analysts at Keefe, Bruyette & Woods

Allstate (NYSE:ALL) had its target price decreased by Keefe, Bruyette & Woods from $250.00 to $232.00 in a report released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an underperform rating on the insurance provider’s stock.

A number of other research analysts also recently commented on ALL. Mizuho lowered their price objective on shares of Allstate from $300.00 to $295.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. Cantor Fitzgerald upped their price objective on shares of Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. 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 research note on Tuesday, August 11th. Finally, Evercore set a $240.00 target price on shares of Allstate in a research note on Friday, July 10th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $270.19.

Allstate Trading Up 1.4%

NYSE:ALL opened at $232.64 on Monday. The stock has a market cap of $58.82 billion, a PE ratio of 4.65, a price-to-earnings-growth ratio of 0.51 and a beta of 0.13. Allstate has a fifty-two week low of $188.08 and a fifty-two week high of $277.22. 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 stock’s 50-day moving average is $248.96 and its two-hundred day moving average is $234.27.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. The business had revenue of $18.60 billion during the quarter, compared to analyst estimates of $15.46 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.94 earnings per share. As a group, equities research analysts forecast that Allstate will post 35.83 earnings per share for the current fiscal year.

Insider Activity

In other 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 sale, the chief operating officer directly owned 82,227 shares in the company, valued at $21,747,396.96. The trade was a 40.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John E. Dugenske sold 32,996 shares of the business’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 completion of the sale, the insider directly owned 13,054 shares of the company’s stock, valued at approximately $3,515,833.82. The trade was a 71.65% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On Allstate

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in Allstate in the 2nd quarter worth approximately $5,439,448,000. Bank of America Corp DE lifted its holdings in shares of Allstate by 8.1% during the first quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider’s stock worth $1,640,748,000 after buying an additional 596,321 shares during the last quarter. GQG Partners LLC bought a new stake in shares of Allstate in the second quarter valued at approximately $1,245,710,000. Deutsche Bank AG bought a new stake in shares of Allstate in the second quarter valued at approximately $1,008,648,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Allstate by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,804,615 shares of the insurance provider’s stock worth $581,515,000 after acquiring an additional 154,259 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate News Summary

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Bank of America raised its price target to $340 and maintained a “buy” rating, implying substantial potential upside from Allstate’s recent trading level. The upgrade supports investor confidence in the company’s valuation and earnings outlook. Bank of America price target update
• Positive Sentiment: Allstate outperformed the broader market in the latest session, with the stock advancing despite market weakness. The relative strength may reflect investor interest in the insurer following its strong most recent quarterly results, which included earnings and revenue above consensus estimates. Allstate ascends while market falls
• Neutral Sentiment: Allstate is helping customers affected by Hurricane Isaias through online and telephone claims services and five mobile claims centers in Alabama and the Florida Keys. The response reinforces customer support, although significant catastrophe claims could increase loss-adjustment expenses and underwriting costs. Allstate supports customers after Hurricane Isaias
• Negative Sentiment: Keefe, Bruyette & Woods cut its price target to $232 and assigned an “underperform” rating, signaling limited near-term upside and a more cautious view of Allstate’s valuation. Allstate price target lowered by Keefe, Bruyette & Woods
• Negative Sentiment: Allstate’s Protection Services revenue grew 7.8% in the second quarter of 2026, but earnings declined as claims costs increased. The margin pressure raises questions about whether revenue growth can translate into stronger profitability. Allstate Protection Services margin analysis

Allstate Company Profile

Allstate Corporation is an insurance company that provides protection products and services primarily to individuals and families. Its offerings include automobile, homeowners, renters, condominium, and other property and casualty insurance, along with roadside assistance, identity protection, and related protection services.

The company distributes products through a network of exclusive agents, independent agents, contact centers, and digital channels. Allstate also serves customers through brands and businesses including National General, which expands its presence in personal and commercial auto insurance and other specialty coverage markets.

Founded in 1931 as part of Sears, Roebuck & Co, Allstate became an independent publicly traded company in 1995.