Allstate (NYSE:ALL) Posts Earnings Results, Beats Estimates By $2.87 EPS

Allstate (NYSE:ALL) released its quarterly earnings results on Wednesday. The insurance provider reported $9.76 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $2.87, FiscalAI reports. The company had revenue of $17.35 billion for the quarter, compared to analyst estimates of $15.87 billion. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $11.17 earnings per share.

Allstate Price Performance

NYSE:ALL traded up $6.99 during trading hours on Thursday, reaching $276.05. The company had a trading volume of 1,207,186 shares, compared to its average volume of 1,743,759. Allstate has a one year low of $191.13 and a one year high of $281.11. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $245.85 and a two-hundred day moving average of $229.15. The firm has a market capitalization of $69.80 billion, a PE ratio of 5.50, a PEG ratio of 0.58 and a beta of 0.13.

Wall Street Analyst Weigh In

ALL has been the subject of several recent analyst reports. UBS Group increased their target price on Allstate from $261.00 to $275.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Jefferies Financial Group reduced their price target on shares of Allstate from $310.00 to $292.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Evercore raised their price target on shares of Allstate from $240.00 to $262.00 in a research report on Thursday, October 8th. Barclays dropped their price objective on shares of Allstate from $226.00 to $221.00 and set an “underweight” rating on the stock in a report on Wednesday, October 7th. Finally, Atlantic Securities set a $319.00 target price on shares of Allstate in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $270.19.

Insider Activity

In related news, insider John Dugenske sold 32,996 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the completion of the sale, the insider owned 13,054 shares in the company, valued at $3,515,833.82. This trade represents a 71.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Mario Rizzo sold 56,225 shares of Allstate 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 transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This represents a 40.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.55% of the stock is currently owned by corporate insiders.

Allstate News Roundup

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Third-quarter adjusted EPS was $9.76, above analyst estimates of $6.89–$7.03. Revenue was $17.35 billion and increased 0.5% year over year, though reports differed on whether it beat revenue expectations. Allstate Q3 earnings report
• Positive Sentiment: Auto policy counts grew 3.4%, indicating Allstate is continuing to attract customers. Auto policy growth and loss costs
• Neutral Sentiment: Put-option volume was 120% above its daily average. The increase may reflect heightened hedging or bearish bets, but options activity alone does not establish the market’s direction.
• Negative Sentiment: Despite the EPS beat, earnings were below the year-ago $11.17 per share, and a report said net income fell about 45%, citing higher catastrophe losses. This raises questions about how sustainable current earnings are as results normalize. Allstate Q3 net income and catastrophe losses
• Negative Sentiment: Underlying auto loss costs are rising while average premiums are falling, a combination that could pressure underwriting margins even as policy counts grow. Auto policy growth and loss costs

About Allstate

Allstate Corp. (NYSE: ALL) is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.

The company also provides roadside assistance, identity-protection services and protection plans for consumer products. Through its acquisition of National General, Allstate expanded its presence in independent-agent distribution and specialty personal insurance.