Allstate (NYSE:ALL) Stock Price Target Raised at Wells Fargo & Company

Allstate (NYSE:ALL) had its price objective lifted by Wells Fargo & Company from $236.00 to $252.00 in a report released on Friday morning,Benzinga reports. They currently have an equal weight rating on the insurance provider’s stock.

Other equities analysts also recently issued research reports about the company. Citigroup dropped their price objective on Allstate from $240.00 to $215.00 and set a “sell” rating on the stock in a research note on Friday, October 2nd. Wall Street Zen downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 25th. Weiss Ratings upgraded Allstate from a “buy (a)” rating to a “buy (a+)” rating in a research note on Thursday, October 29th. Raymond James Financial restated a “strong-buy” rating and issued a $315.00 target price (up from $300.00) on shares of Allstate in a research note on Tuesday, August 11th. Finally, UBS Group upped their price target on Allstate from $261.00 to $275.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $272.00.

Allstate Stock Performance

ALL traded down $11.45 during midday trading on Friday, reaching $255.27. The company had a trading volume of 2,174,521 shares, compared to its average volume of 1,654,795. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market cap of $64.55 billion, a PE ratio of 5.78, a P/E/G ratio of 0.58 and a beta of 0.13. Allstate has a 12-month low of $191.13 and a 12-month high of $281.11. The business has a 50-day moving average price of $245.92 and a two-hundred day moving average price of $229.83.

Allstate (NYSE:ALL) last issued its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $2.87. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The company had revenue of $17.35 billion during the quarter, compared to analyst estimates of $15.87 billion. During the same quarter last year, the business posted $11.17 EPS. Allstate’s quarterly revenue was up .5% compared to the same quarter last year. On average, sell-side analysts expect that Allstate will post 36.34 earnings per share for the current fiscal year.

Insider Activity at Allstate

In related news, COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total value of $14,870,388.00. Following the completion of the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at approximately $21,747,396.96. This trade represents a 40.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On Allstate

A number of hedge funds and other institutional investors have recently bought and sold shares of ALL. Strategic Global Advisors LLC purchased a new position in Allstate during the second quarter valued at approximately $11,680,000. QRG Capital Management Inc. lifted its stake in Allstate by 82.1% in the 2nd quarter. QRG Capital Management Inc. now owns 94,687 shares of the insurance provider’s stock worth $22,427,000 after purchasing an additional 42,690 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Allstate in the 2nd quarter worth approximately $6,861,000. Bank of America Corp DE purchased a new stake in Allstate in the 2nd quarter worth approximately $1,410,362,000. Finally, The Manufacturers Life Insurance Company bought a new position in Allstate in the 2nd quarter valued at $42,409,000. Institutional investors own 76.47% of the company’s stock.

Allstate News Roundup

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Third-quarter EPS of $9.76 beat estimates by about 39%, with strength in Protection Services and investment income. Allstate also reported growth in insurance policies. Allstate Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Management highlighted plans to use AI to improve distribution, including a personal assistant targeted for early 2027—an opportunity to improve customer experience and efficiency. Allstate Q3 Earnings Call Highlights AI Expansion and Margin Focus
• Neutral Sentiment: Analyst views were mixed: Wells Fargo raised its target to $252 and kept an Equal Weight rating, while HSBC moved Allstate from Buy to Hold with a $271 target.
• Negative Sentiment: Catastrophe losses contributed to a roughly 45% year-over-year drop in third-quarter net income. Investors are also watching pressure on auto margins as underlying loss costs rise while average premiums fall. Allstate grows auto policies as loss costs rise
• Negative Sentiment: Some analysts remain bearish despite raising their targets: Citigroup maintained Sell at $225, and Barclays retained Underweight at $228. Both targets are below the share price referenced in the reports. Put-option volume also rose sharply, suggesting increased hedging or bearish positioning.

Allstate Company Profile

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance.

The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.

Founded in 1931 as part of Sears, Roebuck and Co, Allstate became an independent, publicly traded company in 1993.