Zacks Research Has Bullish Outlook for Allstate Q4 Earnings

The Allstate Co. (NYSE:ALL) – Investment analysts at Zacks Research increased their Q4 2024 EPS estimates for Allstate in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst Z. Masood now expects that the insurance provider will post earnings per share of $4.77 for the quarter, up from their previous estimate of $4.64. The consensus estimate for Allstate’s current full-year earnings is $16.02 per share. Zacks Research also issued estimates for Allstate’s Q1 2025 earnings at $5.11 EPS, Q3 2026 earnings at $4.68 EPS and FY2026 earnings at $18.27 EPS.

Allstate (NYSE:ALL) last released its earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $1.71. Allstate had a net margin of 6.77% and a return on equity of 26.67%. The company had revenue of $16.63 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the company earned $0.81 EPS. Allstate’s revenue for the quarter was up 14.7% on a year-over-year basis.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company raised their price target on shares of Allstate from $175.00 to $186.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group boosted their price objective on shares of Allstate from $199.00 to $204.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price target on shares of Allstate in a research note on Wednesday, August 14th. Jefferies Financial Group increased their price objective on shares of Allstate from $231.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Raymond James increased their price objective on shares of Allstate from $205.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $212.56.

Allstate Price Performance

Shares of ALL opened at $195.85 on Friday. Allstate has a fifty-two week low of $130.77 and a fifty-two week high of $201.00. The company has a 50 day moving average price of $189.58 and a 200-day moving average price of $176.40. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $51.86 billion, a PE ratio of 12.68, a PEG ratio of 1.77 and a beta of 0.48.

Institutional Trading of Allstate

Institutional investors have recently bought and sold shares of the stock. SPC Financial Inc. increased its stake in shares of Allstate by 3.6% in the 3rd quarter. SPC Financial Inc. now owns 1,564 shares of the insurance provider’s stock valued at $297,000 after purchasing an additional 54 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Allstate by 1.8% in the 3rd quarter. Lake Street Advisors Group LLC now owns 3,129 shares of the insurance provider’s stock worth $596,000 after buying an additional 54 shares during the last quarter. Abacus Planning Group Inc. lifted its stake in Allstate by 2.4% in the third quarter. Abacus Planning Group Inc. now owns 2,416 shares of the insurance provider’s stock valued at $458,000 after purchasing an additional 56 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Allstate by 1.3% in the third quarter. Chicago Partners Investment Group LLC now owns 4,630 shares of the insurance provider’s stock valued at $893,000 after purchasing an additional 59 shares during the last quarter. Finally, Carmichael Hill & Associates Inc. boosted its position in Allstate by 15.0% during the third quarter. Carmichael Hill & Associates Inc. now owns 460 shares of the insurance provider’s stock valued at $87,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Thomas J. Wilson sold 90,000 shares of Allstate stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares in the company, valued at approximately $15,880,915.68. The trade was a 50.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John E. Dugenske sold 36,367 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $191.38, for a total value of $6,959,916.46. Following the completion of the sale, the insider now owns 27,364 shares of the company’s stock, valued at approximately $5,236,922.32. This trade represents a 57.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 143,049 shares of company stock worth $26,106,112 in the last ninety days. 1.80% of the stock is owned by corporate insiders.

Allstate Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 29th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.88%. Allstate’s dividend payout ratio (DPR) is 23.83%.

Allstate Company Profile

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.