The Allstate Co. (NYSE:ALL) to Post FY2024 Earnings of $14.30 Per Share, Zacks Research Forecasts

The Allstate Co. (NYSE:ALL) – Investment analysts at Zacks Research issued their FY2024 earnings estimates for shares of Allstate in a report released on Monday, August 12th. Zacks Research analyst Z. Masood expects that the insurance provider will earn $14.30 per share for the year. The consensus estimate for Allstate’s current full-year earnings is $13.64 per share. Zacks Research also issued estimates for Allstate’s Q1 2025 earnings at $4.97 EPS.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $1.28. Allstate had a return on equity of 24.05% and a net margin of 5.03%. The business had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.04 billion. During the same period last year, the company earned ($4.42) earnings per share. Allstate’s quarterly revenue was up 12.4% compared to the same quarter last year.

A number of other equities analysts also recently commented on the company. Wells Fargo & Company dropped their price objective on Allstate from $177.00 to $175.00 and set an “equal weight” rating on the stock in a report on Friday. Bank of America increased their price target on shares of Allstate from $213.00 to $226.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets lifted their price objective on shares of Allstate from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Allstate from $193.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Keefe, Bruyette & Woods boosted their price target on Allstate from $199.00 to $208.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Allstate currently has a consensus rating of “Moderate Buy” and a consensus target price of $191.94.

Allstate Stock Up 0.8 %

ALL opened at $179.59 on Thursday. The company has a market capitalization of $47.40 billion, a PE ratio of 39.64, a price-to-earnings-growth ratio of 1.86 and a beta of 0.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.36 and a quick ratio of 0.36. Allstate has a fifty-two week low of $104.29 and a fifty-two week high of $184.30. The business has a 50-day moving average of $166.45 and a 200-day moving average of $165.42.

Institutional Trading of Allstate

A number of hedge funds have recently modified their holdings of ALL. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Allstate in the first quarter valued at $25,000. Private Wealth Management Group LLC acquired a new position in shares of Allstate in the 4th quarter valued at $25,000. Rise Advisors LLC bought a new position in shares of Allstate during the 1st quarter worth about $26,000. Northwest Investment Counselors LLC acquired a new stake in shares of Allstate during the 1st quarter valued at about $26,000. Finally, Versant Capital Management Inc increased its stake in Allstate by 70.9% in the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 78 shares during the period. Institutional investors own 76.47% of the company’s stock.

Insider Activity at Allstate

In other Allstate news, insider Suren Gupta sold 45,775 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $177.28, for a total value of $8,114,992.00. Following the sale, the insider now directly owns 89,930 shares in the company, valued at approximately $15,942,790.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, August 30th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, August 30th. Allstate’s dividend payout ratio (DPR) is currently 81.24%.

Allstate Company Profile

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.