Cantor Fitzgerald Increases Earnings Estimates for Allstate

The Allstate Corporation (NYSE:ALL) – Analysts at Cantor Fitzgerald upped their FY2025 earnings per share estimates for shares of Allstate in a note issued to investors on Thursday, October 9th. Cantor Fitzgerald analyst R. Tunis now anticipates that the insurance provider will post earnings per share of $25.60 for the year, up from their prior estimate of $23.81. Cantor Fitzgerald currently has a “Hold” rating on the stock. The consensus estimate for Allstate’s current full-year earnings is $18.74 per share.

Several other equities analysts have also weighed in on the stock. Wells Fargo & Company set a $202.00 target price on shares of Allstate and gave the company an “equal weight” rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $235.00 to $254.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Evercore ISI set a $233.00 price objective on shares of Allstate and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. Barclays restated an “underweight” rating and set a $198.00 target price (up from $188.00) on shares of Allstate in a research report on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allstate in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $234.50.

Allstate Trading Up 0.1%

Shares of NYSE:ALL opened at $205.80 on Monday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.37. Allstate has a 12-month low of $176.00 and a 12-month high of $215.70. The business has a 50 day moving average of $206.12 and a two-hundred day moving average of $201.01. The company has a market capitalization of $54.23 billion, a PE ratio of 9.68, a PEG ratio of 0.78 and a beta of 0.38.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, July 30th. The insurance provider reported $5.94 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $2.74. The firm had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. Allstate had a return on equity of 28.74% and a net margin of 8.79%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 earnings per share.

Institutional Investors Weigh In On Allstate

Several institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Allstate in the second quarter worth about $482,870,000. Price T Rowe Associates Inc. MD grew its stake in Allstate by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock valued at $2,424,710,000 after acquiring an additional 2,374,684 shares in the last quarter. Boston Partners raised its holdings in Allstate by 613.9% in the 1st quarter. Boston Partners now owns 2,482,654 shares of the insurance provider’s stock valued at $512,627,000 after acquiring an additional 2,134,893 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Allstate by 27.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,328,070 shares of the insurance provider’s stock worth $482,073,000 after purchasing an additional 497,982 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Allstate by 52.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,385,901 shares of the insurance provider’s stock worth $279,062,000 after purchasing an additional 478,598 shares during the last quarter. 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.