The Allstate Co. (NYSE:ALL) Expected to Post Q4 2024 Earnings of $4.69 Per Share

The Allstate Co. (NYSE:ALL) – Equities researchers at Roth Capital lifted their Q4 2024 earnings per share (EPS) estimates for shares of Allstate in a report released on Wednesday, May 1st. Roth Capital analyst H. Fong now anticipates that the insurance provider will post earnings per share of $4.69 for the quarter, up from their previous estimate of $4.49. The consensus estimate for Allstate’s current full-year earnings is $13.83 per share. Roth Capital also issued estimates for Allstate’s Q1 2025 earnings at $4.70 EPS, Q2 2025 earnings at $2.65 EPS, Q3 2025 earnings at $4.41 EPS, Q4 2025 earnings at $5.80 EPS and FY2025 earnings at $17.55 EPS.

ALL has been the subject of a number of other research reports. Roth Mkm lifted their target price on Allstate from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, April 8th. TD Cowen started coverage on Allstate in a report on Wednesday, January 10th. They set an “outperform” rating and a $193.00 target price for the company. The Goldman Sachs Group lifted their price target on Allstate from $164.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Jefferies Financial Group upgraded Allstate from a “hold” rating to a “buy” rating and lifted their price target for the company from $130.00 to $180.00 in a research report on Tuesday, January 9th. Finally, Morgan Stanley lifted their price target on Allstate from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Allstate currently has an average rating of “Moderate Buy” and a consensus target price of $174.18.

Allstate Stock Down 0.6 %

ALL stock opened at $168.18 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $44.24 billion, a PE ratio of 37.13, a PEG ratio of 0.41 and a beta of 0.51. Allstate has a twelve month low of $100.57 and a twelve month high of $177.37. The stock has a 50-day simple moving average of $165.88 and a two-hundred day simple moving average of $150.65.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $5.13 earnings per share for the quarter, topping the consensus estimate of $4.11 by $1.02. Allstate had a return on equity of 15.14% and a net margin of 2.31%. The company had revenue of $15.26 billion during the quarter, compared to analyst estimates of $12.76 billion. During the same quarter last year, the firm posted ($1.30) EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis.

Allstate Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a $0.92 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.68 annualized dividend and a yield of 2.19%. This is an increase from Allstate’s previous quarterly dividend of $0.89. Allstate’s payout ratio is presently 81.24%.

Insider Buying and Selling at Allstate

In other Allstate news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total value of $637,880.00. Following the completion of the sale, the chief accounting officer now owns 10,736 shares in the company, valued at $1,712,069.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO John C. Pintozzi sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $159.47, for a total transaction of $637,880.00. Following the transaction, the chief accounting officer now directly owns 10,736 shares of the company’s stock, valued at $1,712,069.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John E. Dugenske sold 31,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $170.20, for a total value of $5,276,200.00. Following the transaction, the insider now directly owns 63,731 shares in the company, valued at $10,847,016.20. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Allstate

Several hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its stake in Allstate by 1.0% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 47,248 shares of the insurance provider’s stock worth $5,264,000 after purchasing an additional 466 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Allstate in the third quarter worth $164,000. Xponance Inc. grew its stake in Allstate by 3.2% in the third quarter. Xponance Inc. now owns 36,130 shares of the insurance provider’s stock worth $4,025,000 after purchasing an additional 1,125 shares during the period. Pinnacle Associates Ltd. purchased a new stake in Allstate in the third quarter worth $209,000. Finally, Stratos Wealth Partners LTD. grew its stake in Allstate by 21.6% in the third quarter. Stratos Wealth Partners LTD. now owns 9,032 shares of the insurance provider’s stock worth $1,006,000 after purchasing an additional 1,607 shares during the period. 76.47% of the stock is owned by hedge funds and other institutional investors.

Allstate Company Profile

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.