Zacks Research Comments on Allstate’s Q2 Earnings (NYSE:ALL)

The Allstate Corporation (NYSE:ALL) – Investment analysts at Zacks Research lowered their Q2 2026 earnings per share (EPS) estimates for Allstate in a note issued to investors on Wednesday, April 8th. Zacks Research analyst Team now expects that the insurance provider will post earnings per share of $3.91 for the quarter, down from their prior estimate of $3.92. 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 Q3 2026 earnings at $4.87 EPS, Q4 2026 earnings at $7.57 EPS, Q2 2027 earnings at $5.10 EPS, Q3 2027 earnings at $5.14 EPS and Q4 2027 earnings at $7.58 EPS.

ALL has been the topic of a number of other reports. Wells Fargo & Company lifted their price target on Allstate from $227.00 to $229.00 and gave the company an “equal weight” rating in a research note on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $215.00 price objective (down from $245.00) on shares of Allstate in a research note on Tuesday, December 16th. Weiss Ratings raised Allstate from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, March 23rd. JPMorgan Chase & Co. lifted their price objective on Allstate from $260.00 to $263.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Finally, Mizuho cut their price objective on Allstate from $281.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $238.65.

Allstate Stock Performance

Shares of ALL stock opened at $211.29 on Friday. The business’s 50-day moving average price is $207.74 and its 200-day moving average price is $205.39. Allstate has a 12 month low of $184.62 and a 12 month high of $216.75. The firm has a market capitalization of $54.84 billion, a price-to-earnings ratio of 5.53, a PEG ratio of 0.43 and a beta of 0.22. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26.

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

Allstate Increases Dividend

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

Hedge Funds Weigh In On Allstate

A number of hedge funds and other institutional investors have recently made changes to their positions in ALL. MV Capital Management Inc. acquired a new position in Allstate in the fourth quarter valued at approximately $25,000. Harbor Capital Advisors Inc. lifted its stake in Allstate by 79.7% in the third quarter. Harbor Capital Advisors Inc. now owns 124 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Dorato Capital Management acquired a new position in Allstate in the fourth quarter valued at approximately $27,000. Navalign LLC acquired a new position in Allstate in the fourth quarter valued at approximately $27,000. Finally, Barnes Dennig Private Wealth Management LLC lifted its stake in Allstate by 112.3% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 138 shares of the insurance provider’s stock valued at $30,000 after buying an additional 73 shares during the period. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate News Summary

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Wells Fargo raised its price target to $229 and kept an “equal weight” rating, signaling modest upside versus recent levels and providing support for the stock. Wells Fargo price target raise
• Positive Sentiment: Zacks modestly increased its Q1 2026 and Q1 2028 EPS estimates (Q1 2026 to $6.65; Q1 2028 to $6.68), suggesting near-term earnings momentum in some quarters. Zacks estimate raises
• Positive Sentiment: Market commentary noted Allstate outperformed the broader market in the most recent session, which can attract short-term buying interest. Allstate rises higher than market
• Neutral Sentiment: Preview pieces are circulating ahead of Allstate’s next earnings report — useful context for expectations but not new company-specific data. Earnings preview
• Negative Sentiment: Zacks downgraded Allstate from “strong-buy” to “hold” and trimmed several quarterly EPS forecasts by a penny each (across Q2–Q4 2026 and parts of 2027). While cuts are immaterial in size, the rating change reduces buy-side momentum and can pressure sentiment. The Zacks consensus full-year EPS remains near $18.74. Zacks downgrades and cuts
• Negative Sentiment: A retaliation lawsuit alleging improper handling of a bias complaint was filed against Allstate — a reputational and potential legal risk; material financial impact is unclear but investors often view such suits as a negative catalyst. Retaliation suit

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.