Citigroup Issues Positive Forecast for Allstate (NYSE:ALL) Stock Price

Allstate (NYSE:ALL) had its price objective boosted by Citigroup from $221.00 to $226.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

Several other equities research analysts have also commented on ALL. Weiss Ratings raised Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, March 23rd. TD Cowen lowered Allstate from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. Mizuho decreased their price target on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $231.00 price target on shares of Allstate in a research note on Thursday, March 5th. Finally, Zacks Research downgraded Allstate from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Allstate currently has a consensus rating of “Moderate Buy” and an average price target of $240.56.

Allstate Stock Performance

Shares of NYSE ALL traded down $0.16 during midday trading on Friday, reaching $217.10. 1,486,064 shares of the company were exchanged, compared to its average volume of 1,205,036. Allstate has a 1 year low of $188.08 and a 1 year high of $221.19. The stock has a fifty day simple moving average of $210.35 and a 200 day simple moving average of $205.87. The stock has a market cap of $56.06 billion, a P/E ratio of 4.79, a PEG ratio of 0.44 and a beta of 0.22. The company has a current ratio of 0.36, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, topping the consensus estimate of $7.31 by $3.34. The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $15.24 billion. Allstate had a return on equity of 42.66% and a net margin of 17.81%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.53 EPS. On average, research analysts forecast that Allstate will post 25.82 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $1.00. Allstate’s payout ratio is currently 9.53%.

Institutional Trading of Allstate

A number of institutional investors have recently added to or reduced their stakes in the business. Global Assets Advisory LLC purchased a new stake in Allstate during the 1st quarter worth $173,000. Diversify Wealth Management LLC purchased a new stake in Allstate during the 1st quarter worth $2,485,000. UNIVEST FINANCIAL Corp boosted its position in Allstate by 4.3% during the 1st quarter. UNIVEST FINANCIAL Corp now owns 1,574 shares of the insurance provider’s stock worth $326,000 after purchasing an additional 65 shares during the period. Welch & Forbes LLC boosted its position in Allstate by 3.1% during the 1st quarter. Welch & Forbes LLC now owns 6,639 shares of the insurance provider’s stock worth $1,377,000 after purchasing an additional 200 shares during the period. Finally, Midwest Trust Co boosted its position in Allstate by 7.1% during the 1st quarter. Midwest Trust Co now owns 102,379 shares of the insurance provider’s stock worth $21,227,000 after purchasing an additional 6,809 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate News Roundup

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Big Q1 beat — Allstate reported $10.65 EPS vs. consensus ~ $7.3 and revenue above estimates; strong underwriting, higher premiums and lower catastrophe losses drove a material profit rebound. Earnings Release & Transcript
• Positive Sentiment: Earnings call tone was upbeat and highlighted market-share gains in auto and homeowners lines, reinforcing the operational momentum behind the quarterly beat. Earnings Call Coverage
• Positive Sentiment: Analysts are raising forecasts after Q1 results, reflecting higher EPS expectations and improved metrics. This analyst support can underpin the stock following the beat. Analyst Reactions
• Neutral Sentiment: Citigroup raised its price target from $221 to $226 but maintained a “neutral” rating — a modest upgrade that signals respect for the results but not a decisive buy endorsement. Citigroup Note
• Neutral Sentiment: Allstate’s 2025 10‑K shows a stable overall risk profile with one new regulatory disclosure; no new material threats were flagged, keeping long‑term risk unchanged. 10‑K Risk Note
• Negative Sentiment: Despite the beat, some analyst reactions remain cautious and the Citigroup move implies only ~4% upside to its target — that limited near-term upside and mixed ratings can restrain further share gains. Citigroup Note

About Allstate

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.