Zacks Research Predicts Allstate FY2024 Earnings

The Allstate Co. (NYSE:ALL) – Stock analysts at Zacks Research issued their FY2024 EPS estimates for Allstate in a research note issued on Wednesday, November 13th. Zacks Research analyst Z. Masood forecasts that the insurance provider will post earnings of $15.42 per share for the year. The consensus estimate for Allstate’s current full-year earnings is $16.01 per share. Zacks Research also issued estimates for Allstate’s Q2 2025 earnings at $2.94 EPS, Q3 2025 earnings at $3.91 EPS, Q4 2025 earnings at $4.68 EPS, FY2025 earnings at $16.64 EPS, Q1 2026 earnings at $5.19 EPS and Q2 2026 earnings at $3.46 EPS.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 EPS for the quarter, topping 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 firm’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $0.81 EPS.

A number of other analysts also recently weighed in on the company. Morgan Stanley increased their price target on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. The Goldman Sachs Group lifted their target price on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Friday. Bank of America lifted their price target on Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Evercore ISI increased their target price on Allstate from $191.00 to $195.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 9th. Finally, StockNews.com lowered shares of Allstate from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Allstate presently has a consensus rating of “Moderate Buy” and an average target price of $214.19.

Allstate Trading Up 0.6 %

Shares of ALL stock opened at $196.88 on Monday. The stock has a market cap of $52.13 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.75 and a beta of 0.48. Allstate has a 1-year low of $131.65 and a 1-year high of $201.00. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $190.01 and a 200-day moving average of $176.80.

Hedge Funds Weigh In On Allstate

A number of hedge funds have recently added to or reduced their stakes in ALL. FSA Wealth Management LLC purchased a new stake in Allstate in the third quarter worth approximately $26,000. Northwest Investment Counselors LLC purchased a new position in shares of Allstate in the 3rd quarter worth $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Allstate in the third quarter worth $29,000. Versant Capital Management Inc increased its position in Allstate by 70.9% during the second quarter. Versant Capital Management Inc now owns 188 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 78 shares during the last quarter. Finally, Family Firm Inc. purchased a new position in Allstate in the second quarter worth about $38,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Allstate

In other Allstate news, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the sale, the insider now directly owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. The trade was a 57.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Thomas J. Wilson sold 90,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total value of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares of the company’s stock, valued at $15,880,915.68. The trade was a 50.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s dividend payout ratio is currently 23.83%.

Allstate Company Profile

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.