FY2024 Earnings Estimate for Allstate Issued By Roth Capital

The Allstate Co. (NYSE:ALL) – Stock analysts at Roth Capital raised their FY2024 earnings estimates for shares of Allstate in a research note issued on Wednesday, October 30th. Roth Capital analyst H. Fong now expects that the insurance provider will earn $16.00 per share for the year, up from their prior estimate of $13.48. The consensus estimate for Allstate’s current full-year earnings is $14.16 per share. Roth Capital also issued estimates for Allstate’s Q4 2024 earnings at $5.35 EPS, Q1 2025 earnings at $5.80 EPS, Q2 2025 earnings at $3.16 EPS and FY2025 earnings at $19.00 EPS.

ALL has been the topic of a number of other reports. Jefferies Financial Group raised their price target on Allstate from $217.00 to $231.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Bank of America upped their price objective on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Piper Sandler upped their price target on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. StockNews.com downgraded shares of Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Finally, Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Allstate in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $207.19.

Allstate Trading Down 1.3 %

Shares of Allstate stock opened at $184.15 on Monday. The firm has a market cap of $48.76 billion, a PE ratio of 11.93, a P/E/G ratio of 1.88 and a beta of 0.48. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.43. Allstate has a fifty-two week low of $127.93 and a fifty-two week high of $198.79. The business’s fifty day moving average is $188.87 and its two-hundred day moving average is $175.32.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $1.71. The business had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 earnings per share.

Hedge Funds Weigh In On Allstate

A number of institutional investors and hedge funds have recently bought and sold shares of ALL. Northwest Investment Counselors LLC acquired a new position in Allstate in the third quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new position in shares of Allstate in the third quarter valued at about $29,000. Versant Capital Management Inc lifted its position in shares of Allstate by 70.9% during the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. Family Firm Inc. acquired a new position in Allstate during the 2nd quarter worth $38,000. Finally, MCF Advisors LLC boosted its holdings in Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 84 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Insider Transactions at Allstate

In other Allstate news, EVP Elizabeth Brady sold 49,481 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $179.09, for a total value of $8,861,552.29. Following the transaction, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at $3,431,901.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Allstate news, EVP Robert Toohey sold 16,682 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the transaction, the executive vice president now owns 4,873 shares in the company, valued at $877,968.41. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Elizabeth Brady sold 49,481 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $179.09, for a total transaction of $8,861,552.29. Following the sale, the executive vice president now directly owns 19,163 shares of the company’s stock, valued at approximately $3,431,901.67. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 192,530 shares of company stock valued at $34,967,665 over the last quarter. Company insiders own 1.80% 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.