Allstate (NYSE:ALL) Sets New 52-Week High – Should You Buy?

The Allstate Corporation (NYSE:ALL)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $250.38 and last traded at $248.3440, with a volume of 1541800 shares traded. The stock had previously closed at $250.33.

Key Stories Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Barclays raised its price target on Allstate to $213 from $203, even while keeping an underweight rating, signaling improved expectations around the insurer’s valuation and near-term outlook.
• Positive Sentiment: Investors are looking ahead to Allstate’s upcoming second-quarter 2026 earnings report, with analysts expecting solid profitability despite a projected year-over-year dip, which can support buying ahead of results.
• Neutral Sentiment: Allstate said it will hold its Q2 2026 earnings call on Aug. 6, giving investors a clear near-term catalyst for the stock.
• Neutral Sentiment: The company also drew attention from unusual options activity, with a large increase in put buying, suggesting some traders are positioning for downside or hedging ahead of earnings and legal headlines.
• Negative Sentiment: Oklahoma sued Allstate, alleging a scheme to underpay storm and damage claims through poor claims-handling practices, which could increase litigation risk, reputational damage, and potential financial liability.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Allstate in a report on Thursday, May 28th. Wells Fargo & Company upped their target price on shares of Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Citigroup raised their target price on shares of Allstate from $221.00 to $226.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. HSBC downgraded shares of Allstate from a “buy” rating to a “hold” rating and lifted their price target for the company from $244.00 to $264.00 in a report on Monday. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of Allstate in a research note on Thursday, June 18th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.26.

Allstate Stock Performance

The business’s fifty day moving average is $222.00 and its two-hundred day moving average is $212.11. The stock has a market capitalization of $64.77 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 0.44 and a beta of 0.16. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $15.24 billion. During the same quarter in the prior year, the firm earned $3.53 earnings per share. Allstate’s revenue was up 3.0% on a year-over-year basis. As a group, research analysts anticipate that The Allstate Corporation will post 29.8 EPS for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, June 1st. Allstate’s dividend payout ratio is currently 9.53%.

Insider Activity at Allstate

In other Allstate news, COO Mario Rizzo sold 18,578 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total transaction of $4,064,866.40. Following the sale, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $17,991,267.60. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrea Redmond sold 2,225 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $202.91, for a total value of $451,474.75. Following the sale, the director owned 2,225 shares in the company, valued at approximately $451,474.75. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 22,353 shares of company stock valued at $4,851,560. Insiders own 1.55% of the company’s stock.

Hedge Funds Weigh In On Allstate

Large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Allstate in the fourth quarter worth about $531,294,000. GQG Partners LLC grew its stake in shares of Allstate by 36.0% during the fourth quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock valued at $1,142,449,000 after buying an additional 1,452,993 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Allstate by 29.2% during the fourth quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock valued at $1,042,321,000 after buying an additional 1,131,172 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Allstate by 1,766.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider’s stock worth $180,911,000 after buying an additional 822,583 shares during the period. Finally, Woodline Partners LP bought a new stake in shares of Allstate during the 3rd quarter worth approximately $148,641,000. Institutional investors 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.