Cantor Fitzgerald Lifts Earnings Estimates for Allstate

The Allstate Corporation (NYSE:ALL) – Stock analysts at Cantor Fitzgerald increased their FY2025 earnings per share estimates for shares of Allstate in a research report issued to clients and investors on Monday, November 10th. Cantor Fitzgerald analyst R. Tunis now forecasts that the insurance provider will post earnings of $28.38 per share for the year, up from their prior estimate of $25.60. Cantor Fitzgerald has a “Hold” rating on the stock. The consensus estimate for Allstate’s current full-year earnings is $18.74 per share. Cantor Fitzgerald also issued estimates for Allstate’s FY2026 earnings at $24.10 EPS.

Other equities research analysts also recently issued reports about the company. Barclays restated an “underweight” rating and issued a $198.00 target price (up from $188.00) on shares of Allstate in a research report on Thursday, July 31st. BMO Capital Markets lifted their target price on Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. Citigroup raised shares of Allstate to a “hold” rating in a research note on Wednesday, August 13th. Finally, UBS Group boosted their target price on shares of Allstate from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $237.13.

Allstate Stock Up 1.7%

ALL stock opened at $207.28 on Wednesday. The firm’s 50-day moving average is $201.95 and its two-hundred day moving average is $201.40. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $54.24 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.69 and a beta of 0.35. Allstate has a 52 week low of $176.00 and a 52 week high of $215.70.

Allstate (NYSE:ALL) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $11.17 earnings per share for the quarter, beating analysts’ consensus estimates of $5.48 by $5.69. The business had revenue of $17.26 billion for the quarter, compared to analysts’ expectations of $16.59 billion. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.91 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlas Capital Advisors Inc. lifted its stake in Allstate by 197.3% in the 1st quarter. Atlas Capital Advisors Inc. now owns 6,712 shares of the insurance provider’s stock worth $1,390,000 after acquiring an additional 4,454 shares in the last quarter. Commonwealth Retirement Investments LLC increased its holdings in shares of Allstate by 103.5% in the 2nd quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock valued at $2,609,000 after purchasing an additional 6,590 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of Allstate in the 1st quarter valued at about $22,405,000. Advisors Capital Management LLC purchased a new stake in shares of Allstate in the first quarter worth approximately $301,000. Finally, Nordea Investment Management AB boosted its holdings in shares of Allstate by 434.3% during the second quarter. Nordea Investment Management AB now owns 116,705 shares of the insurance provider’s stock worth $23,115,000 after purchasing an additional 94,863 shares during the period. 76.47% of the stock is currently owned by institutional investors and hedge funds.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.