The Allstate Co. (NYSE:ALL) Expected to Post Q4 2024 Earnings of $4.69 Per Share

The Allstate Co. (NYSE:ALL) – Equities research analysts at Roth Capital boosted their Q4 2024 earnings per share estimates for shares of Allstate in a report issued on Wednesday, May 1st. Roth Capital analyst H. Fong now expects that the insurance provider will post earnings of $4.69 per share for the quarter, up from their prior estimate of $4.49. The consensus estimate for Allstate’s current full-year earnings is $13.83 per share. Roth Capital also issued estimates for Allstate’s Q1 2025 earnings at $4.70 EPS, Q2 2025 earnings at $2.65 EPS, Q3 2025 earnings at $4.41 EPS, Q4 2025 earnings at $5.80 EPS and FY2025 earnings at $17.55 EPS.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $5.13 EPS for the quarter, topping analysts’ consensus estimates of $4.11 by $1.02. The firm had revenue of $15.26 billion during the quarter, compared to analysts’ expectations of $12.76 billion. Allstate had a return on equity of 15.14% and a net margin of 2.31%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.30) EPS.

A number of other brokerages have also recently commented on ALL. BMO Capital Markets lifted their target price on Allstate from $140.00 to $158.00 and gave the stock a “market perform” rating in a report on Friday, January 19th. Wells Fargo & Company boosted their price objective on Allstate from $145.00 to $146.00 and gave the company an “underweight” rating in a report on Thursday, April 11th. Jefferies Financial Group upgraded Allstate from a “hold” rating to a “buy” rating and boosted their price objective for the company from $130.00 to $180.00 in a report on Tuesday, January 9th. The Goldman Sachs Group boosted their price objective on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Raymond James boosted their price objective on Allstate from $155.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $174.18.

Allstate Price Performance

Shares of Allstate stock opened at $168.18 on Friday. The stock has a market cap of $44.24 billion, a price-to-earnings ratio of 37.13, a price-to-earnings-growth ratio of 0.41 and a beta of 0.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a 50 day moving average price of $165.88 and a 200-day moving average price of $150.65. Allstate has a one year low of $100.57 and a one year high of $177.37.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.92 dividend. This is an increase from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date was Friday, March 1st. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.19%. Allstate’s dividend payout ratio is presently 81.24%.

Insider Transactions at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the transaction, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John E. Dugenske sold 31,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now owns 63,731 shares in the company, valued at approximately $10,847,016.20. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Allstate

A number of hedge funds have recently made changes to their positions in ALL. Vanguard Group Inc. raised its holdings in shares of Allstate by 11.5% during the third quarter. Vanguard Group Inc. now owns 32,270,589 shares of the insurance provider’s stock valued at $3,595,266,000 after acquiring an additional 3,322,673 shares during the last quarter. Norges Bank acquired a new position in shares of Allstate during the fourth quarter valued at approximately $212,771,000. Invesco Ltd. raised its holdings in shares of Allstate by 46.6% during the third quarter. Invesco Ltd. now owns 4,121,941 shares of the insurance provider’s stock valued at $459,225,000 after acquiring an additional 1,311,095 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Allstate by 23.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 4,184,211 shares of the insurance provider’s stock valued at $466,163,000 after acquiring an additional 782,696 shares during the last quarter. Finally, Palestra Capital Management LLC acquired a new position in shares of Allstate during the fourth quarter valued at approximately $83,561,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.