Allstate (NYSE:ALL) Downgraded to “Moderate Sell” Rating by Keefe, Bruyette & Woods

Allstate (NYSE:ALL) was downgraded by equities research analysts at Keefe, Bruyette & Woods from a “hold” rating to a “moderate sell” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Barclays lifted their target price on shares of Allstate from $213.00 to $226.00 and gave the company an “underweight” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Allstate from a “hold” rating to a “strong-buy” rating in a research note on Monday. Atlantic Securities set a $319.00 price objective on Allstate in a report on Wednesday, July 15th. Wells Fargo & Company cut Allstate from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $243.00 to $250.00 in a research report on Friday, August 7th. Finally, Morgan Stanley set a $265.00 target price on Allstate in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $265.26.

Allstate Price Performance

NYSE ALL opened at $254.29 on Wednesday. The company has a 50 day simple moving average of $249.69 and a 200-day simple moving average of $224.74. 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 firm has a market capitalization of $64.30 billion, a price-to-earnings ratio of 5.08, a price-to-earnings-growth ratio of 0.40 and a beta of 0.16. Allstate has a 52-week low of $188.08 and a 52-week high of $277.22.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $2.93. The firm had revenue of $18.60 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm posted $5.94 earnings per share. Equities research analysts predict that Allstate will post 34.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Andrea Redmond sold 2,225 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the sale, the director owned 2,225 shares in the company, valued at approximately $451,474.75. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 91,446 shares of company stock worth $24,208,675. Corporate insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On Allstate

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Allstate in the second quarter worth $5,439,448,000. Bank of America Corp DE bought a new stake in shares of Allstate during the 2nd quarter worth $1,410,362,000. GQG Partners LLC acquired a new position in Allstate in the 2nd quarter valued at $1,245,710,000. Deutsche Bank AG bought a new position in Allstate in the 2nd quarter worth $1,008,648,000. Finally, Norges Bank bought a new position in Allstate in the 4th quarter worth $531,294,000. Institutional investors own 76.47% of the company’s stock.

Allstate News Roundup

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Zacks Research raised several forward EPS estimates, including forecasts for Q1 2027, Q4 2027, Q1 2028 and Q2 2028. Zacks maintained its “Strong-Buy” rating, suggesting confidence in Allstate’s longer-term earnings potential. Zacks Research estimates
• Negative Sentiment: Allstate reported estimated July catastrophe losses of $682 million before tax, or $539 million after tax. The losses are expected to reduce quarterly results and highlight continued weather-related claims pressure. July 2026 Monthly Release
• Negative Sentiment: Pre-tax catastrophe losses for the current aggregate year have reached approximately $2.402 billion. The cumulative figure increases uncertainty around underwriting profitability and may prompt investors to reassess full-year earnings expectations. Allstate’s aggregate catastrophe losses
• Negative Sentiment: Keefe, Bruyette & Woods reaffirmed its “Underperform” rating and lowered its price target to $250 from $255. The reduced target signals limited near-term upside and adds pressure to the stock’s valuation. KBW analyst rating
• Negative Sentiment: Zacks also reduced its Q4 2026 EPS forecast to $7.72 from $7.89, partially offsetting its longer-term estimate increases. This cut may reflect expectations for near-term catastrophe-related earnings pressure.

About Allstate

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.