Zacks Research Has Positive Outlook of Allstate Q4 Earnings

The Allstate Corporation (NYSE:ALL) – Zacks Research boosted their Q4 2027 earnings per share estimates for Allstate in a report issued on Monday, February 23rd. Zacks Research analyst Team now expects that the insurance provider will post earnings of $7.59 per share for the quarter, up from their prior forecast of $7.58. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Allstate’s current full-year earnings is $18.74 per share.

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

A number of other equities analysts also recently commented on the stock. Keefe, Bruyette & Woods increased their price objective 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. Wall Street Zen downgraded Allstate from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Citigroup boosted their price target on Allstate from $216.00 to $221.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Wells Fargo & Company cut their price objective on Allstate from $228.00 to $227.00 and set an “equal weight” rating for the company in a report on Friday, February 20th. Finally, William Blair downgraded shares of Allstate from an “outperform” rating to a “market perform” rating in a report on Thursday, December 18th. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $239.29.

Allstate Stock Performance

Shares of ALL opened at $212.57 on Wednesday. The stock has a market capitalization of $55.17 billion, a price-to-earnings ratio of 5.57, a PEG ratio of 0.43 and a beta of 0.23. Allstate has a 12 month low of $176.00 and a 12 month high of $216.75. The firm has a fifty day simple moving average of $204.05 and a 200 day simple moving average of $204.49. The company has a current ratio of 0.37, a quick ratio of 0.43 and a debt-to-equity ratio of 0.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ALL. MidFirst Bank bought a new position in Allstate in the 4th quarter valued at about $2,120,000. Astoria Portfolio Advisors LLC. raised its position in Allstate by 58.0% during the fourth quarter. Astoria Portfolio Advisors LLC. now owns 2,354 shares of the insurance provider’s stock valued at $485,000 after purchasing an additional 864 shares in the last quarter. SG Trading Solutions LLC bought a new stake in Allstate during the fourth quarter worth $1,240,000. Pacer Advisors Inc. boosted its holdings in shares of Allstate by 16.2% in the 4th quarter. Pacer Advisors Inc. now owns 32,301 shares of the insurance provider’s stock valued at $6,723,000 after purchasing an additional 4,494 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new position in shares of Allstate in the 4th quarter valued at $202,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insider Activity

In other Allstate news, insider Suren Gupta sold 19,593 shares of Allstate stock in a transaction dated 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 sale, the insider owned 100,646 shares in the company, valued at $21,135,660. The trade was a 16.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.

Allstate Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be 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 dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, March 2nd. Allstate’s payout ratio is 10.47%.

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.