The Allstate Co. (NYSE:ALL) to Post Q4 2024 Earnings of $4.49 Per Share, Roth Capital Forecasts

The Allstate Co. (NYSE:ALL) – Equities researchers at Roth Capital increased their Q4 2024 EPS estimates for Allstate in a report issued on Monday, April 8th. Roth Capital analyst H. Fong now expects that the insurance provider will post earnings of $4.49 per share for the quarter, up from their prior estimate of $4.10. The consensus estimate for Allstate’s current full-year earnings is $13.30 per share. Roth Capital also issued estimates for Allstate’s Q2 2025 earnings at $2.44 EPS, Q3 2025 earnings at $4.17 EPS, Q4 2025 earnings at $5.53 EPS and FY2025 earnings at $16.60 EPS.

Allstate (NYSE:ALL) last announced its earnings results on Thursday, February 8th. The insurance provider reported $5.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.87 by $1.95. The firm had revenue of $14.83 billion for the quarter, compared to analyst estimates of $12.69 billion. Allstate had a negative net margin of 0.33% and a positive return on equity of 2.67%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.36) EPS.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. raised their target price on shares of Allstate from $172.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday. HSBC upgraded shares of Allstate from a “hold” rating to a “buy” rating and raised their target price for the stock from $158.00 to $190.00 in a report on Thursday, March 28th. Jefferies Financial Group upgraded shares of Allstate from a “hold” rating to a “buy” rating and increased their price target for the stock from $130.00 to $180.00 in a research report on Tuesday, January 9th. Morgan Stanley upgraded shares of Allstate from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $117.00 to $171.00 in a research report on Thursday, January 4th. Finally, TheStreet upgraded shares of Allstate from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $172.50.

Allstate Trading Up 0.8 %

NYSE:ALL opened at $169.75 on Wednesday. The company’s 50 day moving average price is $162.66 and its 200-day moving average price is $144.62. Allstate has a 52 week low of $100.57 and a 52 week high of $174.57. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51. The stock has a market cap of $44.66 billion, a price-to-earnings ratio of -136.90, a PEG ratio of 0.43 and a beta of 0.52.

Institutional Investors Weigh In On Allstate

A number of hedge funds have recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Allstate during the third quarter worth about $25,000. Private Wealth Management Group LLC purchased a new position in Allstate during the fourth quarter worth about $25,000. Rise Advisors LLC purchased a new position in Allstate during the first quarter worth about $26,000. First Capital Advisors Group LLC. purchased a new position in Allstate during the second quarter worth about $29,000. Finally, Cowa LLC purchased a new position in Allstate during the first quarter worth about $30,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Activity

In other news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the sale, the chief accounting officer now directly owns 10,736 shares in the company, valued at $1,712,069.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider John E. Dugenske sold 31,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the completion of the sale, the insider now owns 63,731 shares of the company’s stock, valued at $10,847,016.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John C. Pintozzi sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $159.47, for a total transaction of $637,880.00. Following the completion of the sale, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at approximately $1,712,069.92. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

Allstate Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.17%. This is a boost from Allstate’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Friday, March 1st. Allstate’s dividend payout ratio is -296.77%.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.