Allstate (NYSE:ALL) Cut to Hold at Zacks Research

Allstate (NYSE:ALL) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Allstate’s Q1 2026 earnings at $6.65 EPS and Q1 2028 earnings at $6.68 EPS.

A number of other analysts have also recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. The Goldman Sachs Group reissued a “neutral” rating and issued a $231.00 price objective on shares of Allstate in a research report on Thursday, March 5th. William Blair cut Allstate from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 18th. Mizuho lowered their price objective on Allstate from $281.00 to $265.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Finally, Wells Fargo & Company lowered their price objective on Allstate from $228.00 to $227.00 and set an “equal weight” rating for the company in a research report on Friday, February 20th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $238.53.

Allstate Stock Up 0.8%

Shares of NYSE ALL opened at $212.20 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $55.07 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 0.42 and a beta of 0.22. The stock’s fifty day simple moving average is $207.17 and its two-hundred day simple moving average is $205.29. Allstate has a 12-month low of $180.00 and a 12-month high of $216.75.

Allstate (NYSE:ALL) last announced its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.72 by $5.59. The business had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $7.67 EPS. As a group, analysts expect that Allstate will post 18.74 EPS for the current fiscal year.

Institutional Trading of Allstate

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its position in Allstate by 3.7% during the 4th quarter. State Street Corp now owns 12,297,551 shares of the insurance provider’s stock worth $2,571,600,000 after acquiring an additional 438,034 shares during the period. GQG Partners LLC lifted its position in Allstate by 36.0% during the 4th quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock worth $1,142,449,000 after acquiring an additional 1,452,993 shares during the period. Franklin Resources Inc. lifted its position in Allstate by 29.2% during the 4th quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock worth $1,042,321,000 after acquiring an additional 1,131,172 shares during the period. Boston Partners lifted its position in Allstate by 14.9% during the 3rd quarter. Boston Partners now owns 3,050,780 shares of the insurance provider’s stock worth $654,652,000 after acquiring an additional 395,195 shares during the period. Finally, Raymond James Financial Inc. lifted its position in Allstate by 3.3% during the 2nd quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock worth $562,388,000 after acquiring an additional 88,620 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Allstate Company Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.