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

Allstate (NYSE:ALL) released its earnings results on Wednesday. The insurance provider reported $9.76 EPS for the quarter, topping the consensus estimate of $6.89 by $2.87, FiscalAI reports. Allstate had a net margin of 16.57% and a return on equity of 38.48%. The firm had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $15.87 billion. During the same quarter in the previous year, the firm earned $11.17 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year.

Allstate Price Performance

Shares of NYSE ALL traded down $11.45 during midday trading on Friday, reaching $255.27. 2,155,518 shares of the stock traded hands, compared to its average volume of 1,755,936. The company’s 50 day moving average is $245.96 and its 200 day moving average is $229.53. Allstate has a one year low of $191.13 and a one year 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 stock has a market capitalization of $64.55 billion, a PE ratio of 5.78, a P/E/G ratio of 0.59 and a beta of 0.13.

Allstate News Summary

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.

Wall Street Analysts Forecast Growth

ALL has been the subject of several research analyst reports. UBS Group raised their target price on shares of Allstate from $261.00 to $275.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Morgan Stanley decreased their price target on shares of Allstate from $265.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 6th. Raymond James Financial reissued a “strong-buy” rating and set a $315.00 price objective (up from $300.00) on shares of Allstate in a report on Tuesday, August 11th. Atlantic Securities set a $319.00 price objective on Allstate in a research report on Wednesday, July 15th. Finally, Wall Street Zen cut Allstate from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 25th. Two 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $271.52.

Insiders Place Their Bets

In related news, COO Mario Rizzo sold 56,225 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total value of $14,870,388.00. Following the sale, the chief operating officer owned 82,227 shares in the company, valued at approximately $21,747,396.96. The trade was a 40.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.55% of the company’s stock.

Allstate Company Profile

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.