Zacks Research Has Strong Forecast for Allstate Q4 Earnings

The Allstate Corporation (NYSE:ALL) – Investment analysts at Zacks Research upped their Q4 2027 earnings estimates for Allstate in a research report issued on Monday, February 23rd. Zacks Research analyst Team now expects that the insurance provider will post earnings per share of $7.59 for the quarter, up from their previous forecast of $7.58. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Allstate’s current full-year earnings is $18.74 per share.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.72 by $5.59. The company had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. Allstate’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.67 EPS.

Other equities analysts have also issued research reports about the company. Weiss Ratings reissued a “buy (b)” rating on shares of Allstate in a research note on Wednesday, January 21st. Wells Fargo & Company lowered their price target on shares of Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Friday, February 20th. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 price objective on shares of Allstate in a research report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $238.00 target price on shares of Allstate in a research note on Saturday, February 7th. Finally, TD Cowen cut shares of Allstate from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $239.29.

Allstate Trading Down 0.2%

Shares of Allstate stock opened at $209.30 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.43. The stock’s 50 day simple moving average is $203.90 and its 200-day simple moving average is $204.44. The stock has a market cap of $54.32 billion, a P/E ratio of 5.48, a P/E/G ratio of 0.44 and a beta of 0.23. Allstate has a 1-year low of $176.00 and a 1-year high of $216.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. MidFirst Bank purchased a new stake in shares of Allstate in the 4th quarter valued at $2,120,000. Astoria Portfolio Advisors LLC. boosted its holdings in Allstate by 58.0% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 2,354 shares of the insurance provider’s stock valued at $485,000 after acquiring an additional 864 shares during the period. SG Trading Solutions LLC acquired a new position in Allstate in the 4th quarter valued at about $1,240,000. Pacer Advisors Inc. increased its stake in Allstate by 16.2% during the fourth quarter. Pacer Advisors Inc. now owns 32,301 shares of the insurance provider’s stock worth $6,723,000 after purchasing an additional 4,494 shares during the period. Finally, Kera Capital Partners Inc. acquired a new stake in shares of Allstate during the fourth quarter worth about $202,000. 76.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Allstate news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $210.00, for a total value of $4,114,530.00. Following the sale, the insider owned 100,646 shares of the company’s stock, valued at $21,135,660. The trade was a 16.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.70% of the company’s stock.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be issued a $1.08 dividend. The ex-dividend date is Monday, March 2nd. This represents a $4.32 annualized dividend and a dividend yield of 2.1%. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio (DPR) is currently 10.47%.

Key Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Zacks Research raised multiple near‑term EPS estimates and keeps a “Strong‑Buy” view, nudging Q1–Q4 and FY2028 forecasts slightly higher — this underpins bullish analyst sentiment and helps justify valuation.
• Positive Sentiment: Zacks added ALL to its Zacks Rank #1 (Strong Buy) growth list, which could attract momentum-oriented and quantitative funds. Article Title
• Positive Sentiment: Allstate has filed RICO lawsuits targeting alleged no‑fault DME fraud — if successful, recoveries and deterrence could reduce future claim leakage and improve underwriting results. Article Title
• Positive Sentiment: Product expansion: Allstate rolled out year‑round identity protection and new tax‑refund protection tools, which could drive cross‑sell revenue and sticky subscription-like income. Article Title
• Neutral Sentiment: Options market activity shows increased positioning/volatility expectations around ALL — this signals traders expect a near‑term move but not its direction. Article Title
• Negative Sentiment: Regulatory/legal risk: Allstate was hit with a suit alleging a “deceptive” website cookie banner — potential consumer‑privacy litigation could create reputational and legal costs if it broadens. Article Title
• Negative Sentiment: Claims pressure in Canada: Allstate Canada reported a ~94% surge in external water claims for 2025 — accelerating claim frequency/severity in that line could weigh on combined ratios and near‑term results. Article Title

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.