Wells Fargo & Company Cuts Allstate (NYSE:ALL) Price Target to $227.00

Allstate (NYSE:ALL) had its price objective cut by Wells Fargo & Company from $228.00 to $227.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the insurance provider’s stock.

Several other equities analysts have also weighed in on the stock. TD Cowen lowered shares of Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Keefe, Bruyette & Woods upped their price objective on Allstate from $254.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. BMO Capital Markets raised their target price on Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Citigroup lifted their target price on Allstate from $216.00 to $221.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $238.00 price target on shares of Allstate in a report on Saturday, February 7th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Allstate has an average rating of “Moderate Buy” and a consensus target price of $239.29.

Allstate Stock Performance

Shares of Allstate stock opened at $206.51 on Friday. The business’s 50 day moving average price is $203.99 and its 200 day moving average price is $204.37. The company has a market cap of $54.04 billion, a price-to-earnings ratio of 5.41, a PEG ratio of 0.43 and a beta of 0.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.43 and a current ratio of 0.37. Allstate has a one year low of $176.00 and a one year high of $216.75.

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 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 return on equity of 39.20% and a net margin of 15.19%.The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $7.67 EPS. On average, research analysts predict that Allstate will post 18.74 EPS for the current year.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a $1.08 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $4.32 annualized dividend and a yield of 2.1%. This is an increase from Allstate’s previous quarterly dividend of $1.00. Allstate’s dividend payout ratio is presently 10.47%.

Insider Activity

In other news, insider Suren Gupta sold 19,593 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total value of $4,114,530.00. Following the completion of the transaction, the insider owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. This trade represents a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 24,129 shares of company stock worth $5,090,270 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Allstate

Institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in Allstate in the fourth quarter valued at $531,294,000. GQG Partners LLC boosted its stake in shares of Allstate by 36.0% in the 4th quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock valued at $1,142,449,000 after buying an additional 1,452,993 shares during the period. Franklin Resources Inc. grew its position in shares of Allstate by 29.2% during the fourth quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock worth $1,042,321,000 after buying an additional 1,131,172 shares in the last quarter. Swedbank AB increased its stake in shares of Allstate by 2,157.8% during the third quarter. Swedbank AB now owns 861,725 shares of the insurance provider’s stock worth $184,969,000 after buying an additional 823,559 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Allstate by 1,766.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 869,139 shares of the insurance provider’s stock valued at $180,911,000 after acquiring an additional 822,583 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Trending Headlines about Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Allstate declared roughly $29.3M in preferred dividends for the Jan. 15–Apr. 14 period — a cash-return signal that supports income-focused holders and reinforces the company’s capital distribution profile. Allstate announces preferred dividends payable April 15, 2026
• Positive Sentiment: Allstate is targeting up to $1 billion of limit across Sanders Re III & Sanders Re IV cat bonds — a move that broadens catastrophe risk transfer capacity and may reduce underwriting volatility. Allstate now targets up to $1bn of limit across Sanders Re III & Sanders Re IV cat bonds
• Positive Sentiment: Zacks Research issued several upward revisions to near-term quarter estimates (Q4 2026 and Q3 2027 EPS were raised), indicating some analyst recognition of stronger near-term operating performance. (Zacks summary available via market data reports.)
• Neutral Sentiment: Wells Fargo trimmed its price target slightly from $228 to $227 and keeps an “equal weight” rating — a modest change that still implies roughly ~10% upside from current levels. Analyst price-target note
• Neutral Sentiment: Marketing/promotional item: official rules posted for the 2026 Allstate Women’s Tournament Challenge sweepstakes — immaterial for fundamentals but relevant for brand/marketing visibility. Sweepstakes rules
• Negative Sentiment: Allstate reported estimated January catastrophe losses of $175M ($138M after-tax), primarily from Winter Storm Fern — a near-term hit to underwriting results that can pressure quarterly earnings. January 2026 Monthly Release
• Negative Sentiment: Zacks cut its Q4 2027 EPS estimate (from $8.20 to $7.58) and set FY2028 EPS well below the current consensus — items that suggest some downward pressure on longer-term earnings expectations.

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.