Research Analysts Issue Forecasts for The Allstate Co.’s Q3 2024 Earnings (NYSE:ALL)

The Allstate Co. (NYSE:ALLFree Report) – Analysts at Zacks Research lifted their Q3 2024 earnings per share (EPS) estimates for shares of Allstate in a research report issued to clients and investors on Monday, January 29th. Zacks Research analyst D. Chatterjee now anticipates that the insurance provider will post earnings of $2.70 per share for the quarter, up from their prior forecast of $2.47. The consensus estimate for Allstate’s current full-year earnings is ($0.94) per share. Zacks Research also issued estimates for Allstate’s Q1 2025 earnings at $3.73 EPS, Q3 2025 earnings at $3.86 EPS, Q4 2025 earnings at $5.03 EPS and FY2025 earnings at $15.75 EPS.

ALL has been the topic of a number of other reports. TD Cowen assumed coverage on shares of Allstate in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $193.00 price objective on the stock. UBS Group raised their target price on shares of Allstate from $160.00 to $171.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Raymond James lifted their price objective on shares of Allstate from $155.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Citigroup lifted their price objective on shares of Allstate from $135.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 20th. Finally, Jefferies Financial Group upgraded shares of Allstate from a “hold” rating to a “buy” rating and boosted their target price for the company from $130.00 to $180.00 in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.94.

Check Out Our Latest Analysis on ALL

Allstate Trading Up 0.3 %

NYSE:ALL opened at $156.48 on Tuesday. The business has a fifty day moving average price of $144.33 and a 200-day moving average price of $125.67. Allstate has a one year low of $100.57 and a one year high of $159.60. The firm has a market capitalization of $40.95 billion, a price-to-earnings ratio of -19.73, a price-to-earnings-growth ratio of 1.82 and a beta of 0.52. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.35 and a quick ratio of 0.35.

Allstate (NYSE:ALLGet Free Report) last announced its earnings results on Thursday, November 2nd. The insurance provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.42. The business had revenue of $14.50 billion during the quarter, compared to analyst estimates of $12.78 billion. Allstate had a negative net margin of 3.51% and a negative return on equity of 10.95%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.56) EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Allstate in the third quarter worth about $25,000. First Capital Advisors Group LLC. bought a new stake in shares of Allstate during the 2nd quarter worth approximately $29,000. Cowa LLC bought a new stake in shares of Allstate during the 1st quarter worth approximately $30,000. RVW Wealth LLC bought a new stake in shares of Allstate during the 3rd quarter worth approximately $33,000. Finally, Chilton Capital Management LLC bought a new stake in shares of Allstate during the 1st quarter worth approximately $33,000. 77.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Allstate

In other Allstate news, EVP Mark Q. Prindiville sold 10,951 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $135.43, for a total transaction of $1,483,093.93. Following the completion of the sale, the executive vice president now directly owns 18,677 shares of the company’s stock, valued at $2,529,426.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $134.79, for a total transaction of $539,160.00. Following the transaction, the chief accounting officer now owns 13,711 shares in the company, valued at $1,848,105.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark Q. Prindiville sold 10,951 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $135.43, for a total transaction of $1,483,093.93. Following the completion of the sale, the executive vice president now owns 18,677 shares in the company, valued at approximately $2,529,426.11. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Allstate Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Thursday, November 30th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 2.28%. Allstate’s dividend payout ratio (DPR) is -44.89%.

About Allstate

(Get Free Report)

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; other personal lines products; and commercial lines products under the Allstate and Encompass brand names.

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Earnings History and Estimates for Allstate (NYSE:ALL)

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