Allstate (NYSE:ALL) Stock Rating Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Allstate (NYSE:ALL) from a buy rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

ALL has been the subject of a number of other reports. Atlantic Securities set a $319.00 price objective on shares of Allstate in a research report on Wednesday, July 15th. Bank of America lifted their target price on shares of Allstate from $336.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday, October 12th. Argus set a $238.00 target price on Allstate in a research note on Friday, August 28th. Citigroup upped their target price on Allstate from $215.00 to $225.00 and gave the company a “sell” rating in a report on Friday. Finally, HSBC downgraded Allstate from a “buy” rating to a “hold” rating and set a $271.00 price target for the company. in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $272.00.

Allstate Price Performance

Shares of ALL opened at $255.27 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.36 and a current ratio of 0.37. The firm has a market cap of $64.55 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 0.56 and a beta of 0.13. The business’s 50 day moving average price is $245.92 and its two-hundred day moving average price is $229.83. Allstate has a 52-week low of $191.13 and a 52-week high of $281.11.

Allstate (NYSE:ALL) last posted its quarterly earnings results on Wednesday, November 4th. The insurance provider reported $9.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $2.87. The business had revenue of $17.35 billion during the quarter, compared to the consensus estimate of $15.87 billion. Allstate had a net margin of 16.57% and a return on equity of 38.37%. Allstate’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $11.17 EPS. On average, equities analysts anticipate that Allstate will post 36.67 EPS for the current year.

Insider Transactions at Allstate

In other Allstate news, COO Mario Rizzo sold 56,225 shares of Allstate stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total value of $14,870,388.00. Following the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at approximately $21,747,396.96. The trade was a 40.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ALL. BlackRock Inc. purchased a new position in Allstate in the second quarter valued at approximately $5,439,448,000. Bank of America Corp DE increased its position in Allstate by 8.1% in the first quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider’s stock worth $1,640,748,000 after buying an additional 596,321 shares during the last quarter. GQG Partners LLC purchased a new stake in Allstate in the second quarter worth $1,245,710,000. Deutsche Bank AG purchased a new stake in Allstate in the second quarter worth $1,008,648,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Allstate by 5.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,804,615 shares of the insurance provider’s stock valued at $581,515,000 after buying an additional 154,259 shares during the period. 76.47% of the stock is owned by institutional investors.

Key Headlines Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Third-quarter EPS of $9.76 beat estimates by about 39%, with strength in Protection Services and investment income. Allstate also reported growth in insurance policies. Allstate Q3 Earnings Beat on Protection Services Unit Strength
• Positive Sentiment: Management highlighted plans to use AI to improve distribution, including a personal assistant targeted for early 2027—an opportunity to improve customer experience and efficiency. Allstate Q3 Earnings Call Highlights AI Expansion and Margin Focus
• Neutral Sentiment: Analyst views were mixed: Wells Fargo raised its target to $252 and kept an Equal Weight rating, while HSBC moved Allstate from Buy to Hold with a $271 target.
• Negative Sentiment: Catastrophe losses contributed to a roughly 45% year-over-year drop in third-quarter net income. Investors are also watching pressure on auto margins as underlying loss costs rise while average premiums fall. Allstate grows auto policies as loss costs rise
• Negative Sentiment: Some analysts remain bearish despite raising their targets: Citigroup maintained Sell at $225, and Barclays retained Underweight at $228. Both targets are below the share price referenced in the reports. Put-option volume also rose sharply, suggesting increased hedging or bearish positioning.

Allstate Company Profile

Allstate Corporation is a U.S.-based insurance company that provides property and casualty coverage and related protection products. Its offerings include auto, homeowners, renters, condominium, motorcycle and recreational vehicle insurance, as well as life insurance and roadside assistance.

The company sells products through its Allstate-branded business and other businesses, including National General, using agents and direct-to-consumer channels. Allstate primarily serves customers in the United States.

Founded in 1931 as part of Sears, Roebuck and Co, Allstate became an independent, publicly traded company in 1993.