Allstate (NYSE:ALL) Rating Lowered to Hold at Wall Street Zen

Allstate (NYSE:ALL) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other brokerages have also recently weighed in on ALL. Bank of America boosted their target price on Allstate from $336.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Atlantic Securities set a $319.00 price target on Allstate in a report on Wednesday, July 15th. Wells Fargo & Company lifted their price objective on Allstate from $236.00 to $252.00 and gave the stock an “equal weight” rating in a research report on Friday. Jefferies Financial Group lowered their price objective on Allstate from $310.00 to $292.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. Finally, Roth Capital set a $300.00 target price on Allstate in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $272.00.

Allstate Stock Performance

ALL opened at $255.27 on Friday. The firm has a market capitalization of $63.17 billion, a PE ratio of 5.78, a PEG ratio of 0.56 and a beta of 0.13. Allstate has a twelve month low of $191.13 and a twelve month high of $281.11. The firm’s 50-day moving average price is $245.92 and its 200 day moving average price is $229.83. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $2.87. The company had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $15.87 billion. Allstate had a net margin of 16.57% and a return on equity of 38.37%. Allstate’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $11.17 EPS. As a group, sell-side analysts expect that Allstate will post 36.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other Allstate news, COO Mario Rizzo sold 56,225 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total value of $14,870,388.00. Following the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at $21,747,396.96. The trade was a 40.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.55% of the stock is owned by insiders.

Institutional Trading of Allstate

Several institutional investors have recently made changes to their positions in ALL. Vista Capital Partners Inc. purchased a new stake in Allstate in the third quarter valued at $504,000. Aberdeen Group plc lifted its stake in shares of Allstate by 2.2% in the 3rd quarter. Aberdeen Group plc now owns 261,576 shares of the insurance provider’s stock valued at $58,033,000 after purchasing an additional 5,632 shares during the last quarter. Valmark Advisers Inc. lifted its stake in shares of Allstate by 18.5% in the 3rd quarter. Valmark Advisers Inc. now owns 1,470 shares of the insurance provider’s stock valued at $326,000 after purchasing an additional 230 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Allstate by 2.6% during the 3rd quarter. Allworth Financial LP now owns 62,991 shares of the insurance provider’s stock worth $14,988,000 after purchasing an additional 1,573 shares during the period. Finally, Eurizon Capital SGR S.p.A. grew its holdings in shares of Allstate by 155.3% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 127,893 shares of the insurance provider’s stock worth $28,386,000 after purchasing an additional 77,789 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Trending Headlines about Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Third-quarter EPS of $9.76 beat estimates by about 39%, with strength in Protection Services and investment income. Allstate also reported growth in insurance policies. Allstate Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Management highlighted plans to use AI to improve distribution, including a personal assistant targeted for early 2027—an opportunity to improve customer experience and efficiency. Allstate Q3 Earnings Call Highlights AI Expansion and Margin Focus
• Neutral Sentiment: Analyst views were mixed: Wells Fargo raised its target to $252 and kept an Equal Weight rating, while HSBC moved Allstate from Buy to Hold with a $271 target.
• Negative Sentiment: Catastrophe losses contributed to a roughly 45% year-over-year drop in third-quarter net income. Investors are also watching pressure on auto margins as underlying loss costs rise while average premiums fall. Allstate grows auto policies as loss costs rise
• Negative Sentiment: Some analysts remain bearish despite raising their targets: Citigroup maintained Sell at $225, and Barclays retained Underweight at $228. Both targets are below the share price referenced in the reports. Put-option volume also rose sharply, suggesting increased hedging or bearish positioning.

About Allstate

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance.

The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.

Founded in 1931 as part of Sears, Roebuck and Co, Allstate became an independent, publicly traded company in 1993.