Allstate (NYSE:ALL) Stock Price Target Raised at Wells Fargo & Company

Allstate (NYSE:ALL) had its target price upped by investment analysts at Wells Fargo & Company from $236.00 to $252.00 in a research note issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target indicates a potential downside of 3.71% from the company’s previous close.

A number of other analysts have also commented on ALL. Weiss Ratings upgraded Allstate from a “buy (a)” rating to a “buy (a+)” rating in a report on Thursday, October 29th. Cantor Fitzgerald upped their price objective on Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Mizuho decreased their target price on Allstate from $300.00 to $295.00 and set an “outperform” rating for the company in a research report on Wednesday, October 7th. Citigroup lowered their target price on Allstate from $240.00 to $215.00 and set a “sell” rating on the stock in a research note on Friday, October 2nd. Finally, Evercore boosted their price target on shares of Allstate from $240.00 to $262.00 in a report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Allstate presently has a consensus rating of “Hold” and a consensus price target of $271.52.

Allstate Price Performance

Allstate stock opened at $261.72 on Friday. Allstate has a 52 week low of $191.13 and a 52 week high of $281.11. The company’s 50 day moving average price is $245.96 and its two-hundred day moving average price is $229.53. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The stock has a market cap of $66.18 billion, a P/E ratio of 5.92, a P/E/G ratio of 0.59 and a beta of 0.13.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share for the quarter, topping analysts’ consensus estimates of $6.89 by $2.87. The firm had revenue of $17.35 billion for the quarter, compared to the consensus estimate of $15.87 billion. Allstate had a return on equity of 38.48% and a net margin of 16.57%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $11.17 EPS. On average, equities analysts predict that Allstate will post 36.21 earnings per share for the current year.

Insider Transactions at Allstate

In other Allstate news, COO Mario Rizzo sold 56,225 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This represents a 40.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On Allstate

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

Key Headlines Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Allstate reported Q3 EPS of $9.76, above the $6.89 consensus, and revenue of $17.35 billion, also above expectations. Protection Services growth and higher investment income helped drive the beat. Article: ALL Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Management highlighted growth in auto policies and progress on AI, including a planned personal agentic assistant launch in early 2027. Policy growth could support future revenue, while AI efforts may improve operations over time. Article: Allstate Earnings Call Highlights Strong Growth and AI Progress
• Negative Sentiment: HSBC cut its rating on Allstate from Buy to Hold, setting a $271 price target—only about 1.3% above the referenced $267.51 share price. The move signals limited perceived upside at current levels. HSBC stock recommendations
• Negative Sentiment: Despite the EPS beat, Q3 net income fell roughly 45% year over year, with higher catastrophe losses weighing on results. Reports also flag rising underlying auto loss costs while average premiums are falling, which could pressure underwriting margins. Article: Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses
• Negative Sentiment: Barclays maintained an Underweight rating despite raising its target to $228, implying about 14.8% downside from $267.51. Barclays stock recommendations

Allstate Company Profile

Allstate Corp. (NYSE: ALL) is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.

The company also provides roadside assistance, identity-protection services and protection plans for consumer products. Through its acquisition of National General, Allstate expanded its presence in independent-agent distribution and specialty personal insurance.