Zacks Research Issues Positive Outlook for Allstate Earnings

The Allstate Corporation (NYSE:ALL) – Equities researchers at Zacks Research lifted their Q1 2026 EPS estimates for Allstate in a research report issued on Wednesday, April 8th. Zacks Research analyst Team now expects that the insurance provider will post earnings of $6.65 per share for the quarter, up from their prior forecast of $6.64. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Allstate’s current full-year earnings is $18.74 per share. Zacks Research also issued estimates for Allstate’s Q1 2028 earnings at $6.68 EPS.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share for the quarter, topping analysts’ consensus estimates of $8.72 by $5.59. The business had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $17.23 billion. Allstate had a net margin of 15.19% and a return on equity of 39.20%. Allstate’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.67 earnings per share.

A number of other equities research analysts also recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Allstate from $227.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of Allstate from $254.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $231.00 price target on shares of Allstate in a research note on Thursday, March 5th. Citigroup boosted their price target on shares of Allstate from $216.00 to $221.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $238.65.

Allstate Trading Up 1.2%

ALL opened at $214.67 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $55.72 billion, a price-to-earnings ratio of 5.62, a price-to-earnings-growth ratio of 0.43 and a beta of 0.22. The firm has a 50 day simple moving average of $207.49 and a 200 day simple moving average of $205.36. Allstate has a fifty-two week low of $184.62 and a fifty-two week high of $216.75.

Allstate Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were issued a dividend of $1.08 per share. 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 yield of 2.0%. The ex-dividend date was Monday, March 2nd. Allstate’s dividend payout ratio is presently 11.31%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in Allstate by 8.1% during the fourth quarter. Hsbc Holdings PLC now owns 1,141,943 shares of the insurance provider’s stock valued at $238,232,000 after purchasing an additional 85,808 shares during the period. World Investment Advisors grew its holdings in Allstate by 26.2% during the fourth quarter. World Investment Advisors now owns 39,946 shares of the insurance provider’s stock valued at $8,315,000 after purchasing an additional 8,290 shares during the period. Larry Mathis Financial Planning LLC acquired a new position in Allstate during the fourth quarter valued at approximately $293,000. Corient Private Wealth LLC boosted its holdings in shares of Allstate by 4.6% in the fourth quarter. Corient Private Wealth LLC now owns 250,249 shares of the insurance provider’s stock valued at $52,092,000 after buying an additional 11,119 shares during the period. Finally, Pure Financial Advisors LLC boosted its holdings in shares of Allstate by 39.1% in the fourth quarter. Pure Financial Advisors LLC now owns 1,850 shares of the insurance provider’s stock valued at $385,000 after buying an additional 520 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Key Headlines Impacting Allstate

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

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.