Allstate (NYSE:ALL) Stock Price Target Raised at Bank of America

Allstate (NYSE:ALL) had its target price upped by Bank of America from $336.00 to $340.00 in a research note issued to investors on Monday morning. The brokerage currently has a buy rating on the insurance provider’s stock.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Allstate from $250.00 to $232.00 and set an “underperform” rating for the company in a report on Monday. Barclays lowered their target price on shares of Allstate from $226.00 to $221.00 and set an “underweight” rating for the company in a research note on Wednesday, October 7th. Wall Street Zen upgraded shares of Allstate from a “hold” rating to a “buy” rating in a report on Monday, July 20th. Atlantic Securities set a $319.00 price target on shares of Allstate in a research report on Wednesday, July 15th. Finally, Citigroup reduced their price target on shares of Allstate from $240.00 to $215.00 and set a “sell” rating on the stock in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Allstate presently has an average rating of “Hold” and an average price target of $270.19.

Allstate Price Performance

Allstate stock opened at $232.64 on Monday. The firm has a market capitalization of $58.82 billion, a P/E ratio of 4.65, a PEG ratio of 0.51 and a beta of 0.13. Allstate has a 1 year low of $188.08 and a 1 year high of $277.22. The business has a 50-day moving average of $248.96 and a 200-day moving average of $234.27. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.24.

Allstate (NYSE:ALL) last announced its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, beating analysts’ consensus estimates of $6.06 by $2.93. The company had revenue of $18.60 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $5.94 EPS. On average, equities analysts anticipate that Allstate will post 35.83 EPS for the current year.

Insider Activity

In other Allstate news, insider John E. Dugenske sold 32,996 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 13,054 shares in the company, valued at approximately $3,515,833.82. This trade represents a 71.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Mario Rizzo sold 56,225 shares of Allstate stock in a transaction that occurred on Tuesday, August 11th. The shares were 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 in the company, valued at approximately $21,747,396.96. The trade was a 40.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.55% of the company’s stock.

Institutional Investors Weigh In On Allstate

Several large investors have recently made changes to their positions in ALL. Armstrong Advisory Group Inc. lifted its position in Allstate by 82.8% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 170 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 77 shares in the last quarter. Kaizen Financial Strategies boosted its stake in Allstate by 5.5% in the 3rd quarter. Kaizen Financial Strategies now owns 967 shares of the insurance provider’s stock worth $215,000 after purchasing an additional 50 shares during the period. GK Wealth Management LLC bought a new position in Allstate during the 3rd quarter worth about $79,000. Wedmont Private Capital increased its holdings in Allstate by 3.7% during the 3rd quarter. Wedmont Private Capital now owns 7,325 shares of the insurance provider’s stock worth $1,689,000 after purchasing an additional 262 shares in the last quarter. Finally, Athena Wealth Management LLC increased its holdings in Allstate by 5.0% during the 3rd quarter. Athena Wealth Management LLC now owns 6,251 shares of the insurance provider’s stock worth $1,387,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 76.47% of the company’s stock.

Key Stories Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Bank of America raised its price target to $340 and maintained a “buy” rating, implying substantial potential upside from Allstate’s recent trading level. The upgrade supports investor confidence in the company’s valuation and earnings outlook. Bank of America price target update
• Positive Sentiment: Allstate outperformed the broader market in the latest session, with the stock advancing despite market weakness. The relative strength may reflect investor interest in the insurer following its strong most recent quarterly results, which included earnings and revenue above consensus estimates. Allstate ascends while market falls
• Neutral Sentiment: Allstate is helping customers affected by Hurricane Isaias through online and telephone claims services and five mobile claims centers in Alabama and the Florida Keys. The response reinforces customer support, although significant catastrophe claims could increase loss-adjustment expenses and underwriting costs. Allstate supports customers after Hurricane Isaias
• Negative Sentiment: Keefe, Bruyette & Woods cut its price target to $232 and assigned an “underperform” rating, signaling limited near-term upside and a more cautious view of Allstate’s valuation. Allstate price target lowered by Keefe, Bruyette & Woods
• Negative Sentiment: Allstate’s Protection Services revenue grew 7.8% in the second quarter of 2026, but earnings declined as claims costs increased. The margin pressure raises questions about whether revenue growth can translate into stronger profitability. Allstate Protection Services margin analysis

Allstate Company Profile

Allstate Corporation is an insurance company that provides protection products and services primarily to individuals and families. Its offerings include automobile, homeowners, renters, condominium, and other property and casualty insurance, along with roadside assistance, identity protection, and related protection services.

The company distributes products through a network of exclusive agents, independent agents, contact centers, and digital channels. Allstate also serves customers through brands and businesses including National General, which expands its presence in personal and commercial auto insurance and other specialty coverage markets.

Founded in 1931 as part of Sears, Roebuck & Co, Allstate became an independent publicly traded company in 1995.