What is Zacks Research’s Estimate for Allstate Q4 Earnings?

The Allstate Co. (NYSE:ALL) – Stock analysts at Zacks Research upped their Q4 2024 EPS estimates for shares of Allstate in a research note issued to investors on Wednesday, November 13th. Zacks Research analyst Z. Masood now forecasts that the insurance provider will post earnings per share of $4.77 for the quarter, up from their prior forecast of $4.64. The consensus estimate for Allstate’s current full-year earnings is $16.07 per share. Zacks Research also issued estimates for Allstate’s Q1 2025 earnings at $5.11 EPS, Q3 2026 earnings at $4.68 EPS and FY2026 earnings at $18.27 EPS.

Allstate (NYSE:ALL) last released its quarterly earnings results on Wednesday, October 30th. The insurance provider reported $3.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $1.71. The firm had revenue of $16.63 billion for the quarter, compared to the consensus estimate of $14.57 billion. Allstate had a return on equity of 26.67% and a net margin of 6.77%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS.

A number of other analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Allstate from $222.00 to $225.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com lowered Allstate from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 21st. Piper Sandler boosted their price target on Allstate from $188.00 to $196.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. UBS Group increased their price objective on shares of Allstate from $216.00 to $225.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Bank of America upped their target price on shares of Allstate from $216.00 to $233.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $214.19.

Allstate Stock Up 0.6 %

NYSE ALL opened at $196.88 on Friday. Allstate has a 52 week low of $131.65 and a 52 week high of $201.00. The company has a market capitalization of $52.13 billion, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.48. The stock’s 50-day moving average price is $190.01 and its 200-day moving average price is $176.72. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.43.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be given a dividend of $0.92 per share. The ex-dividend date is Friday, November 29th. This represents a $3.68 annualized dividend and a yield of 1.87%. Allstate’s dividend payout ratio (DPR) is presently 23.83%.

Insider Activity

In related news, EVP Robert Toohey sold 16,682 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $180.17, for a total transaction of $3,005,595.94. Following the transaction, the executive vice president now directly owns 4,873 shares in the company, valued at $877,968.41. The trade was a 77.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas J. Wilson sold 90,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $179.34, for a total transaction of $16,140,600.00. Following the transaction, the chief executive officer now owns 88,552 shares in the company, valued at approximately $15,880,915.68. This trade represents a 50.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,049 shares of company stock worth $26,106,112. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Allstate

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of Allstate by 1.2% during the third quarter. Geode Capital Management LLC now owns 6,228,581 shares of the insurance provider’s stock worth $1,178,164,000 after purchasing an additional 74,537 shares during the period. LRI Investments LLC increased its stake in shares of Allstate by 334.8% in the third quarter. LRI Investments LLC now owns 17,388 shares of the insurance provider’s stock worth $3,298,000 after acquiring an additional 13,389 shares during the period. PYA Waltman Capital LLC raised its holdings in shares of Allstate by 3.5% during the third quarter. PYA Waltman Capital LLC now owns 15,238 shares of the insurance provider’s stock worth $2,890,000 after purchasing an additional 520 shares during the last quarter. SGL Investment Advisors Inc. acquired a new position in Allstate during the third quarter valued at $545,000. Finally, EWA LLC purchased a new stake in Allstate in the third quarter valued at $242,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

About Allstate

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.