Allstate (NYSE:ALL) Hits New 52-Week High Following Strong Earnings

Shares of The Allstate Corporation (NYSE:ALL) hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $216.62 and last traded at $216.0150, with a volume of 629395 shares trading hands. The stock had previously closed at $207.12.

The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.72 by $5.59. The firm had revenue of $14.57 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%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $7.67 EPS.

Allstate Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be given a dividend of $1.08 per share. This is a boost from Allstate’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, March 2nd. This represents a $4.32 dividend on an annualized basis and a yield of 2.1%. Allstate’s dividend payout ratio is currently 12.95%.

More Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Allstate reported a big Q4 profit beat driven by property‑liability strength, lower catastrophe losses and higher earned premiums — EPS surged year‑over‑year, supporting confidence in earnings power. Allstate Q4 Earnings Beat
• Positive Sentiment: Management announced a $4B share buyback program and an 8% quarterly dividend hike — both are shareholder-friendly actions that boost returns and can support the stock over time. Buyback & Dividend Article
• Positive Sentiment: Analysts at JPMorgan raised their price target and kept an overweight view, implying meaningful upside; other shops (Wells Fargo) also lifted targets — these upgrades support the bullish case. Analyst Price Target Raises
• Neutral Sentiment: CEO highlighted Florida tort‑reform as a blueprint to reduce auto insurance costs — positive for loss ratios over time but more of a policy/industry tailwind than an immediate earnings driver. CEO Tort Reform Article
• Neutral Sentiment: Cantor Fitzgerald reaffirmed a neutral rating with a $220 target — signals some analysts see limited near‑term upside despite the company’s operational momentum. Cantor Fitzgerald Rating
• Negative Sentiment: Revenue for the quarter came in below some street estimates, which may have trimmed enthusiasm despite the EPS beat — investors are sensitive to top‑line misses when valuation momentum is high. Revenue & Net Income Article
• Negative Sentiment: After strong headlines (earnings, buyback, dividend), today’s move looks like short‑term profit‑taking and positioning shifts — market participants may be locking gains while digesting mixed signals. Earnings Call Transcript

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ALL shares. Mizuho set a $255.00 target price on Allstate in a report on Wednesday, January 14th. Cantor Fitzgerald reissued a “neutral” rating and set a $220.00 price objective on shares of Allstate in a report on Thursday. William Blair downgraded shares of Allstate from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 18th. Morgan Stanley reissued an “equal weight” rating and set a $215.00 price target (down from $245.00) on shares of Allstate in a research note on Tuesday, December 16th. Finally, TD Cowen cut shares of Allstate from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $238.50.

Insider Buying and Selling

In other Allstate news, insider Suren Gupta sold 19,593 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total transaction of $4,114,530.00. Following the completion of the sale, the insider owned 100,646 shares in the company, valued at approximately $21,135,660. The trade was a 16.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 48,400 shares of company stock worth $10,313,256. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Allstate

Institutional investors have recently made changes to their positions in the stock. Avantax Advisory Services Inc. boosted its holdings in Allstate by 3.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 23,573 shares of the insurance provider’s stock valued at $4,745,000 after purchasing an additional 704 shares during the period. Truist Financial Corp boosted its stake in shares of Allstate by 4.7% in the third 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 period. Commonwealth Retirement Investments LLC grew its position in Allstate by 103.5% during the second quarter. Commonwealth Retirement Investments LLC now owns 12,960 shares of the insurance provider’s stock worth $2,609,000 after buying an additional 6,590 shares in the last quarter. Davis Capital Management bought a new position in Allstate during the 3rd quarter worth $2,767,000. Finally, First Horizon Corp acquired a new position in Allstate in the 3rd quarter valued at $11,109,000. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Price Performance

The stock has a market capitalization of $54.31 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.46 and a beta of 0.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.43 and a current ratio of 0.37. The company has a fifty day simple moving average of $203.88 and a two-hundred day simple moving average of $203.79.

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.