Allstate (NYSE:ALL) Stock Price Target Raised at Citigroup

Allstate (NYSE:ALL) had its target price hoisted by Citigroup from $215.00 to $225.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a sell rating on the insurance provider’s stock.

A number of other equities analysts also recently issued reports on ALL. Wells Fargo & Company increased their price objective on Allstate from $236.00 to $252.00 and gave the stock an “equal weight” rating in a report on Friday. HSBC cut shares of Allstate from a “buy” rating to a “hold” rating and set a $271.00 target price on the stock. in a report on Friday. Atlantic Securities set a $319.00 target price on shares of Allstate in a research report on Wednesday, July 15th. Argus set a $238.00 price target on shares of Allstate in a research note on Friday, August 28th. Finally, Weiss Ratings raised shares of Allstate from a “buy (a)” rating to a “buy (a+)” rating in a research report on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allstate has a consensus rating of “Hold” and a consensus price target of $272.00.

Allstate Stock Down 4.3%

Shares of NYSE:ALL traded down $11.45 during trading on Friday, hitting $255.27. The stock had a trading volume of 2,174,521 shares, compared to its average volume of 1,654,795. Allstate has a 12 month low of $191.13 and a 12 month high of $281.11. The company has a market capitalization of $64.55 billion, a PE ratio of 5.78, a PEG ratio of 0.58 and a beta of 0.13. The firm’s fifty day moving average is $245.92 and its 200 day moving average is $229.83. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $2.87. Allstate had a return on equity of 41.64% and a net margin of 18.97%. The company had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $15.87 billion. During the same quarter last year, the business posted $11.17 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts anticipate that Allstate will post 36.34 EPS for the current fiscal year.

Insider Buying and Selling

In other Allstate news, 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 value of $14,870,388.00. Following the sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at approximately $21,747,396.96. The trade was a 40.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On Allstate

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vista Capital Partners Inc. purchased a new position in shares of Allstate in the 3rd quarter worth about $504,000. Aberdeen Group plc boosted its stake in Allstate by 2.2% in the 3rd quarter. Aberdeen Group plc now owns 261,576 shares of the insurance provider’s stock worth $58,033,000 after purchasing an additional 5,632 shares in the last quarter. Valmark Advisers Inc. grew its position in Allstate by 18.5% during the 3rd quarter. Valmark Advisers Inc. now owns 1,470 shares of the insurance provider’s stock valued at $326,000 after purchasing an additional 230 shares during the last quarter. Allworth Financial LP grew its position in Allstate by 2.6% during the 3rd quarter. Allworth Financial LP now owns 62,991 shares of the insurance provider’s stock valued at $14,988,000 after purchasing an additional 1,573 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. grew its position in Allstate by 155.3% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 127,893 shares of the insurance provider’s stock valued at $28,386,000 after purchasing an additional 77,789 shares during the last quarter. 76.47% of the stock is currently owned by institutional investors.

Trending Headlines about Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Third-quarter EPS of $9.76 beat estimates by about 39%, with strength in Protection Services and investment income. Allstate also reported growth in insurance policies. Allstate Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Management highlighted plans to use AI to improve distribution, including a personal assistant targeted for early 2027—an opportunity to improve customer experience and efficiency. Allstate Q3 Earnings Call Highlights AI Expansion and Margin Focus
• Neutral Sentiment: Analyst views were mixed: Wells Fargo raised its target to $252 and kept an Equal Weight rating, while HSBC moved Allstate from Buy to Hold with a $271 target.
• Negative Sentiment: Catastrophe losses contributed to a roughly 45% year-over-year drop in third-quarter net income. Investors are also watching pressure on auto margins as underlying loss costs rise while average premiums fall. Allstate grows auto policies as loss costs rise
• Negative Sentiment: Some analysts remain bearish despite raising their targets: Citigroup maintained Sell at $225, and Barclays retained Underweight at $228. Both targets are below the share price referenced in the reports. Put-option volume also rose sharply, suggesting increased hedging or bearish positioning.

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.