FY2024 EPS Estimates for Allstate Raised by Zacks Research

The Allstate Co. (NYSE:ALL) – Equities researchers at Zacks Research increased their FY2024 earnings per share estimates for shares of Allstate in a report released on Wednesday, December 18th. Zacks Research analyst Z. Masood now forecasts that the insurance provider will earn $15.46 per share for the year, up from their prior estimate of $15.42. The consensus estimate for Allstate’s current full-year earnings is $16.26 per share. Zacks Research also issued estimates for Allstate’s Q4 2024 earnings at $4.81 EPS, Q1 2025 earnings at $5.12 EPS, Q2 2025 earnings at $2.95 EPS, Q3 2025 earnings at $3.93 EPS, Q4 2025 earnings at $4.70 EPS, FY2025 earnings at $16.70 EPS, Q1 2026 earnings at $5.20 EPS, Q3 2026 earnings at $4.70 EPS and FY2026 earnings at $18.33 EPS.

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

Several other equities analysts have also recently weighed in on ALL. Evercore ISI raised their target price on shares of Allstate from $191.00 to $195.00 and gave the company an “in-line” rating in a research note on Wednesday, October 9th. TD Cowen raised their price objective on Allstate from $193.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Raymond James boosted their target price on Allstate from $205.00 to $220.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 4th. The Goldman Sachs Group raised their price target on Allstate from $209.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Morgan Stanley upped their price objective on Allstate from $220.00 to $228.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $217.19.

Allstate Trading Up 2.0 %

Shares of ALL opened at $193.56 on Friday. Allstate has a 1 year low of $134.17 and a 1 year high of $209.88. The company has a 50 day simple moving average of $195.72 and a two-hundred day simple moving average of $182.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $51.26 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 1.70 and a beta of 0.50.

Institutional Trading of Allstate

A number of hedge funds and other institutional investors have recently bought and sold shares of ALL. FSA Wealth Management LLC bought a new position in shares of Allstate in the third quarter worth about $26,000. Northwest Investment Counselors LLC bought a new position in Allstate in the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC purchased a new position in shares of Allstate during the third quarter worth approximately $29,000. Family Firm Inc. bought a new stake in shares of Allstate during the second quarter valued at approximately $38,000. Finally, MCF Advisors LLC boosted its holdings in shares of Allstate by 33.9% in the second quarter. MCF Advisors LLC now owns 332 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Allstate Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 29th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, November 29th. Allstate’s payout ratio is currently 23.83%.

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.