Allstate (NYSE:ALL) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Allstate (NYSE:ALL) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports. Zacks Research also issued estimates for Allstate’s Q1 2026 earnings at $6.65 EPS and Q1 2028 earnings at $6.68 EPS.

Several other equities analysts have also recently issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $231.00 price objective on shares of Allstate in a research report on Thursday, March 5th. Barclays upped their price objective on Allstate from $207.00 to $208.00 and gave the company an “underweight” rating in a research report on Wednesday. Evercore set a $225.00 price objective on Allstate in a research report on Wednesday, January 7th. Wells Fargo & Company lowered their price objective on Allstate from $228.00 to $227.00 and set an “equal weight” rating on the stock in a research report on Friday, February 20th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $260.00 price target on shares of Allstate in a report on Tuesday, March 3rd. Three investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $238.53.

Allstate Stock Performance

ALL stock opened at $212.20 on Tuesday. The stock has a market capitalization of $55.07 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 0.42 and a beta of 0.22. Allstate has a 12-month low of $180.00 and a 12-month high of $216.75. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.26. The stock’s 50 day simple moving average is $207.17 and its 200 day simple moving average is $205.29.

Allstate (NYSE:ALL) last released its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.72 by $5.59. The business had revenue of $17.35 billion for the quarter, compared to analysts’ expectations of $17.23 billion. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $7.67 EPS. As a group, research analysts forecast that Allstate will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from Allstate’s previous quarterly dividend of $1.00. Allstate’s payout ratio is currently 11.31%.

Hedge Funds Weigh In On Allstate

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Allstate by 3.7% during the 4th quarter. State Street Corp now owns 12,297,551 shares of the insurance provider’s stock valued at $2,571,600,000 after buying an additional 438,034 shares during the period. GQG Partners LLC increased 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 worth $1,142,449,000 after purchasing an additional 1,452,993 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Allstate by 29.2% in the 4th quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock worth $1,042,321,000 after purchasing an additional 1,131,172 shares in the last quarter. Boston Partners increased its stake in shares of Allstate by 14.9% in the 3rd quarter. Boston Partners now owns 3,050,780 shares of the insurance provider’s stock worth $654,652,000 after purchasing an additional 395,195 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Allstate by 3.3% in the 2nd quarter. Raymond James Financial Inc. now owns 2,793,645 shares of the insurance provider’s stock worth $562,388,000 after purchasing an additional 88,620 shares in the last quarter. 76.47% of the stock is owned by institutional investors.

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.