Allstate (NYSE:ALL) Price Target Raised to $292.00

Allstate (NYSE:ALL) had its price target hoisted by JPMorgan Chase & Co. from $282.00 to $292.00 in a research note published on Tuesday,Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

ALL has been the topic of a number of other reports. Atlantic Securities set a $319.00 target price on shares of Allstate in a research note on Wednesday, July 15th. Roth Capital set a $300.00 price target on shares of Allstate in a research note on Thursday, August 6th. Wells Fargo & Company lowered Allstate from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $243.00 to $250.00 in a report on Friday, August 7th. Mizuho increased their price objective on Allstate from $255.00 to $272.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $315.00 price objective on shares of Allstate in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Allstate currently has an average rating of “Hold” and an average target price of $265.53.

Allstate Stock Up 2.0%

NYSE:ALL opened at $260.94 on Tuesday. The company has a market cap of $65.98 billion, a price-to-earnings ratio of 5.21, a price-to-earnings-growth ratio of 0.40 and a beta of 0.16. Allstate has a twelve month low of $188.08 and a twelve month high of $277.22. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $245.71 and a 200-day simple moving average of $222.56.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. Allstate had a net margin of 18.97% and a return on equity of 41.64%. The firm had revenue of $15.43 billion for the quarter, compared to analysts’ expectations of $15.46 billion. During the same period in the prior year, the business posted $5.94 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts anticipate that Allstate will post 33.92 EPS for the current year.

Allstate Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, August 31st will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, August 31st. Allstate’s dividend payout ratio is 8.63%.

Insider Buying and Selling

In other Allstate news, COO Mario Rizzo sold 56,225 shares of Allstate stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total value of $14,870,388.00. Following the transaction, the chief operating officer owned 82,227 shares in the company, valued at $21,747,396.96. The trade was a 40.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Redmond sold 2,225 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the sale, the director directly owned 2,225 shares of the company’s stock, valued at approximately $451,474.75. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,996 shares of company stock worth $24,543,894 in the last three months. 1.55% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allstate

Several institutional investors have recently bought and sold shares of ALL. L2 Asset Management LLC acquired a new stake in shares of Allstate during the second quarter worth $345,000. Visionary Wealth Advisors purchased a new stake in shares of Allstate in the second quarter worth about $1,266,000. Cullen Capital Management LLC purchased a new position in shares of Allstate during the 2nd quarter valued at approximately $4,033,000. Dearborn Partners LLC acquired a new position in shares of Allstate in the 2nd quarter valued at $386,000. Finally, Cibc World Market Inc. acquired a new position in shares of Allstate in the 2nd quarter valued at $5,667,000. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Allstate opened a new claims-training campus in Dallas. The 33,000-square-foot Allstate Claims University will train the company’s 23,000 claims professionals, who handle approximately 8.5 million claims annually. Management says the investment should improve damage assessment and customer service, potentially supporting operating efficiency and claims quality. Allstate Claims University announcement
• Positive Sentiment: Analyst expectations remain supportive. JPMorgan reportedly expects further appreciation in Allstate’s stock, while Dowling & Partners raised its FY2026 EPS estimate to $35.50 from $30.50 and its FY2027 estimate to $25.50 from $24.00. The revisions reinforce optimism following Allstate’s recent earnings beat, although some longer-term estimates remain below near-term expectations. JPMorgan Allstate price outlook
• Neutral Sentiment: Allstate’s broader AI and employee-development initiatives are receiving attention. These efforts could improve productivity and customer service over time, but their effect on earnings is not yet quantifiable. Allstate AI and mentorship article
• Negative Sentiment: An Ontario court rejected Allstate’s challenge involving excluded-driver coverage. The decision represents an adverse legal outcome in Canada and could limit Allstate’s position in the coverage dispute, though the immediate financial impact was not disclosed. Ontario excluded-driver coverage court ruling
• Negative Sentiment: Two Allstate insiders sold sizable positions. COO Mario Rizzo sold 56,225 shares for approximately $14.9 million, reducing his holdings by 40.6%. John Dugenske separately sold 32,996 shares worth about $8.9 million, cutting his position by 71.7%. Although insider sales may reflect personal financial planning, their size can weigh on investor sentiment. Allstate insider transactions

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.