Zacks Research Has Negative Outlook of Allstate Q3 Earnings

The Allstate Corporation (NYSE:ALL) – Investment analysts at Zacks Research dropped their Q3 2026 earnings estimates for Allstate in a report released on Wednesday, September 16th. Zacks Research analyst Team now expects that the insurance provider will post earnings per share of $6.46 for the quarter, down from their previous forecast of $6.47. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Allstate’s current full-year earnings is $35.50 per share. Zacks Research also issued estimates for Allstate’s Q1 2027 earnings at $7.66 EPS, Q3 2027 earnings at $6.92 EPS, Q4 2027 earnings at $7.82 EPS, FY2027 earnings at $27.43 EPS, Q1 2028 earnings at $7.13 EPS, Q2 2028 earnings at $5.31 EPS and FY2028 earnings at $24.42 EPS.

A number of other equities analysts also recently weighed in on the stock. Piper Sandler upped their price target on shares of Allstate from $268.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Raymond James Financial reiterated a “strong-buy” rating and issued a $315.00 target price on shares of Allstate in a research note on Tuesday, August 11th. Cantor Fitzgerald lifted their price objective on shares of Allstate from $236.00 to $242.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Citigroup downgraded shares of Allstate from a “neutral” rating to a “sell” rating and increased their target price for the stock from $226.00 to $240.00 in a research report on Tuesday, August 11th. Finally, Roth Capital set a $300.00 price target on Allstate in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $266.74.

Allstate Trading Down 1.1%

NYSE:ALL opened at $252.08 on Friday. The stock’s 50-day moving average is $258.39 and its two-hundred day moving average is $231.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market cap of $63.74 billion, a PE ratio of 5.03, a price-to-earnings-growth ratio of 0.57 and a beta of 0.15. Allstate has a fifty-two week low of $188.08 and a fifty-two week high of $277.22.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. The firm had revenue of $18.60 billion during the quarter, compared to analyst estimates of $15.46 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $5.94 EPS.

Hedge Funds Weigh In On Allstate

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MV Capital Management Inc. bought a new stake in Allstate during the 4th quarter worth $25,000. Gables Capital Management Inc. bought a new stake in shares of Allstate in the 2nd quarter valued at about $26,000. Kelleher Financial Advisors bought a new stake in Allstate in the second quarter valued at approximately $28,000. Evolution Wealth Management Inc. boosted its stake in shares of Allstate by 7,000.0% in the 1st quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 140 shares during the last quarter. Finally, Allied Private Wealth LLC bought a new position in Allstate during the second quarter worth $29,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allstate

In other news, COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the completion of the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at approximately $21,747,396.96. This trade represents a 40.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John E. Dugenske sold 32,996 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the transaction, the insider owned 13,054 shares of the company’s stock, valued at approximately $3,515,833.82. This represents a 71.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.55% of the company’s stock.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate’s payout ratio is currently 8.63%.

Key Headlines Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Negative Sentiment: August catastrophe losses totaled $748 million before tax, or $591 million after tax. Allstate said the losses contributed to approximately $3.15 billion in aggregate pre-tax catastrophe losses for the current year, increasing concern about underwriting profitability and earnings volatility. Allstate August 2026 Monthly Release
• Negative Sentiment: Zacks Research downgraded Allstate from “Strong Buy” to “Hold.” The firm also trimmed EPS forecasts across several periods, including Q3 2026 to $6.46, FY2027 to $27.43 from $27.46 and FY2028 to $24.42 from $24.46. Although the revisions were modest, the broad reductions reinforce concerns about future profit growth. Zacks rating update
• Negative Sentiment: A lawsuit alleges that Allstate arranged a rental vehicle but later refused to pay the rental company’s rate, creating possible legal, claims-handling and reputational risks. Allstate rental-car lawsuit
• Positive Sentiment: Allstate and State Farm are seeking approval for a limited restart of new California homeowners policies. Resuming policy growth in the important California market could support premium expansion, although the rollout remains limited and is subject to regulatory approval. Allstate and State Farm California insurance plans
• Positive Sentiment: Mizuho reduced its price target modestly to $297 from $300 but maintained an “Outperform” rating, indicating continued confidence in Allstate’s longer-term valuation. Mizuho Allstate price target update

About Allstate

Allstate Corporation is an insurance and protection-services company headquartered in Northbrook, Illinois. Through its Allstate and National General brands, the company primarily provides property and casualty insurance to individuals and businesses in the United States.

Its products include automobile, homeowners, renters, condominium, landlord, motorcycle and recreational-vehicle insurance, along with other personal and commercial coverage. Allstate also offers roadside assistance, identity protection and related protection services through its various businesses and distribution channels, including agents, brokers and digital platforms.

Allstate’s roots date to 1931, when the Allstate Insurance Company was established as a subsidiary of Sears, Roebuck & Co The company became independent from Sears in the 1990s.