What is Zacks Research’s Estimate for Allstate Q3 Earnings?

The Allstate Corporation (NYSE:ALL) – Research analysts at Zacks Research increased their Q3 2026 earnings per share estimates for shares of Allstate in a report released on Wednesday, August 19th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings per share of $6.47 for the quarter, up from their prior forecast of $5.28. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Allstate’s current full-year earnings is $34.50 per share. Zacks Research also issued estimates for Allstate’s FY2026 earnings at $33.83 EPS, Q2 2027 earnings at $5.03 EPS, Q3 2027 earnings at $6.93 EPS, FY2027 earnings at $27.46 EPS and FY2028 earnings at $24.46 EPS.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share for the quarter, beating analysts’ consensus estimates of $6.06 by $2.93. The company had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%.Allstate’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.94 earnings per share.

ALL has been the topic of several other research reports. Citigroup cut shares of Allstate from a “neutral” rating to a “sell” rating and increased their price objective for the stock from $226.00 to $240.00 in a research note on Tuesday, August 11th. Mizuho upped their target price on shares of Allstate from $255.00 to $272.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Wells Fargo & Company downgraded shares of Allstate from an “equal weight” rating to an “underweight” rating and increased their price target for the stock from $243.00 to $250.00 in a research report on Friday, August 7th. UBS Group lifted their price target on shares of Allstate from $261.00 to $275.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $315.00 price objective on shares of Allstate in a research report on Tuesday, August 11th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $265.26.

Allstate Trading Down 2.1%

Allstate stock opened at $254.29 on Friday. Allstate has a 52-week low of $188.08 and a 52-week high of $277.22. The company has a market cap of $64.30 billion, a P/E ratio of 5.08, a P/E/G ratio of 0.40 and a beta of 0.16. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $249.69 and a two-hundred day simple moving average of $224.74.

Institutional Trading of Allstate

Several institutional investors have recently made changes to their positions in the business. MV Capital Management Inc. bought a new position in Allstate in the 4th quarter worth approximately $25,000. Gables Capital Management Inc. bought a new stake in shares of Allstate during the second quarter valued at approximately $26,000. Navalign LLC bought a new stake in shares of Allstate during the fourth quarter valued at approximately $27,000. Kelleher Financial Advisors bought a new position in shares of Allstate during the second quarter worth $28,000. Finally, Evolution Wealth Management Inc. grew its stake in Allstate by 7,000.0% during the first quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Insider Activity at Allstate

In related news, insider John E. Dugenske sold 32,996 shares of Allstate stock in a transaction on Friday, August 7th. The shares were sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the transaction, the insider owned 13,054 shares in the company, valued at approximately $3,515,833.82. The trade was a 71.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mario Rizzo sold 56,225 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the completion of the transaction, the chief operating officer directly owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This represents a 40.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 91,446 shares of company stock worth $24,208,675. 1.55% of the stock is owned by corporate insiders.

Allstate Announces Dividend

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

Key Headlines Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Zacks Research raised several forward EPS estimates, including forecasts for Q1 2027, Q4 2027, Q1 2028 and Q2 2028. Zacks maintained its “Strong-Buy” rating, suggesting confidence in Allstate’s longer-term earnings potential. Zacks Research estimates
• Negative Sentiment: Allstate reported estimated July catastrophe losses of $682 million before tax, or $539 million after tax. The losses are expected to reduce quarterly results and highlight continued weather-related claims pressure. July 2026 Monthly Release
• Negative Sentiment: Pre-tax catastrophe losses for the current aggregate year have reached approximately $2.402 billion. The cumulative figure increases uncertainty around underwriting profitability and may prompt investors to reassess full-year earnings expectations. Allstate’s aggregate catastrophe losses
• Negative Sentiment: Keefe, Bruyette & Woods reaffirmed its “Underperform” rating and lowered its price target to $250 from $255. The reduced target signals limited near-term upside and adds pressure to the stock’s valuation. KBW analyst rating
• Negative Sentiment: Zacks also reduced its Q4 2026 EPS forecast to $7.72 from $7.89, partially offsetting its longer-term estimate increases. This cut may reflect expectations for near-term catastrophe-related earnings pressure.

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.