Cantor Fitzgerald Forecasts Allstate FY2025 Earnings

The Allstate Corporation (NYSE:ALL) – Analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for Allstate in a research report issued to clients and investors on Wednesday, August 13th. Cantor Fitzgerald analyst R. Tunis forecasts that the insurance provider will post earnings of $23.81 per share for the year. Cantor Fitzgerald currently has a “Hold” rating on the stock. The consensus estimate for Allstate’s current full-year earnings is $18.74 per share. Cantor Fitzgerald also issued estimates for Allstate’s FY2026 earnings at $22.40 EPS.

Several other research analysts have also issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Allstate from $237.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. William Blair initiated coverage on Allstate in a research note on Friday, June 6th. They issued a “sector outperform” rating on the stock. UBS Group increased their target price on Allstate from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Allstate in a research note on Friday, May 16th. Finally, Citigroup upgraded Allstate to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $229.33.

Allstate Price Performance

Shares of Allstate stock opened at $206.76 on Friday. The firm has a market cap of $54.48 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.85 and a beta of 0.35. The firm’s 50-day simple moving average is $198.15 and its 200-day simple moving average is $198.49. Allstate has a twelve month low of $176.00 and a twelve month high of $213.18. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $5.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $2.74. Allstate had a net margin of 8.79% and a return on equity of 28.74%. The firm had revenue of $15.05 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the previous year, the company earned $1.61 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, August 29th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, August 29th. Allstate’s dividend payout ratio (DPR) is presently 18.81%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Allstate by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after purchasing an additional 435,145 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Allstate by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,709,610 shares of the insurance provider’s stock valued at $2,424,710,000 after buying an additional 2,374,684 shares during the period. Geode Capital Management LLC boosted its stake in Allstate by 1.2% in the second quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider’s stock valued at $1,345,961,000 after acquiring an additional 79,366 shares during the last quarter. Bank of America Corp DE boosted its stake in Allstate by 157.9% in the fourth quarter. Bank of America Corp DE now owns 6,591,138 shares of the insurance provider’s stock valued at $1,270,705,000 after acquiring an additional 4,035,629 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Allstate by 2.5% during the 2nd quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock worth $940,140,000 after acquiring an additional 112,858 shares during the period. Institutional investors own 76.47% of the company’s stock.

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.