Allstate (NYSE:ALL) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Allstate (NYSE:ALL) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Allstate’s Q1 2026 earnings at $6.65 EPS and Q1 2028 earnings at $6.68 EPS.

Several other research analysts have also issued reports on ALL. Evercore set a $225.00 target price on shares of Allstate in a research note on Wednesday, January 7th. Cantor Fitzgerald reiterated a “neutral” rating and set a $220.00 price objective on shares of Allstate in a report on Thursday, February 5th. Weiss Ratings upgraded shares of Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, March 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Allstate from $260.00 to $263.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $215.00 price objective (down from $245.00) on shares of Allstate in a report on Tuesday, December 16th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.65.

Allstate Stock Up 1.2%

Shares of NYSE ALL opened at $214.67 on Tuesday. The firm has a market cap of $55.72 billion, a PE ratio of 5.62, a P/E/G ratio of 0.43 and a beta of 0.22. Allstate has a 12-month low of $184.62 and a 12-month high of $216.75. The company’s fifty day simple moving average is $207.49 and its 200 day simple moving average is $205.36. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.26.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.72 by $5.59. The business had revenue of $17.35 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $7.67 earnings per share. As a group, sell-side analysts forecast that Allstate will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.0%. Allstate’s payout ratio is 11.31%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Truist Financial Corp raised its holdings in Allstate by 4.7% during the 3rd quarter. Truist Financial Corp now owns 123,461 shares of the insurance provider’s stock valued at $26,501,000 after buying an additional 5,542 shares during the last quarter. Davis Capital Management bought a new stake in Allstate during the 3rd quarter valued at $2,767,000. First Horizon Corp bought a new stake in Allstate during the 3rd quarter valued at $11,109,000. Coastal Bridge Advisors LLC raised its holdings in Allstate by 530.6% during the 3rd quarter. Coastal Bridge Advisors LLC now owns 18,174 shares of the insurance provider’s stock valued at $3,901,000 after buying an additional 15,292 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in Allstate by 6.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 189,718 shares of the insurance provider’s stock valued at $40,489,000 after buying an additional 12,225 shares during the last quarter. 76.47% of the stock is owned by institutional investors.

More Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Wells Fargo raised its price target to $229 (from $227), implying roughly mid‑single‑digit upside and signaling more favorable analyst sentiment toward valuation/earnings — a likely contributor to buying interest today. Wells Fargo price target raise
• Positive Sentiment: Zacks Research nudged up Q1 EPS forecasts for Allstate (slight increases to Q1 estimates and to next‑year EPS), which supports expectations for stronger near‑term earnings and helps explain part of the positive price action. Zacks EPS estimate update
• Neutral Sentiment: Barclays lifted its price target marginally (to $208) but kept an “underweight” rating — this is mixed news (small higher target, but continued caution) and likely had limited net impact on the rally. Barclays price target note
• Neutral Sentiment: Market writeups previewing Allstate’s next earnings release are circulating, keeping investor focus on upcoming results rather than new fundamentals; such coverage can amplify moves but is informational rather than directional. Earnings preview
• Negative Sentiment: Zacks downgraded the stock from “strong‑buy” to “hold” — a visible analyst downgrade that increases risk of selling pressure if other brokers follow. Zacks downgrade
• Negative Sentiment: Allstate faces a retaliation lawsuit after an internal bias report was flagged to HR, raising governance/employment litigation risk that could weigh on sentiment if it escalates. Retaliation suit article
• Negative Sentiment: A driver is publicly challenging Allstate to fully cover a highway accident, a reminder of potential claims exposure and headline risk in the near term. Coverage dispute article

Allstate Company Profile

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.