Allstate (NYSE:ALL) Given New $228.00 Price Target at Wells Fargo & Company

Allstate (NYSE:ALL) had its price objective hoisted by Wells Fargo & Company from $223.00 to $228.00 in a research report released on Friday morning, Marketbeat.com reports. Wells Fargo & Company currently has an equal weight rating on the insurance provider’s stock.

Several other research analysts also recently commented on ALL. UBS Group increased their price objective on Allstate from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Zacks Research lowered shares of Allstate from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 19th. Evercore set a $225.00 price objective on shares of Allstate in a report on Wednesday, January 7th. BMO Capital Markets raised their target price on shares of Allstate from $235.00 to $244.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, TD Cowen cut Allstate from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Three research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.50.

Allstate Stock Down 3.6%

ALL opened at $207.54 on Friday. The company has a market cap of $54.31 billion, a PE ratio of 5.43, a price-to-earnings-growth ratio of 0.46 and a beta of 0.23. Allstate has a twelve month low of $176.00 and a twelve month high of $216.75. The company has a 50-day moving average price of $203.88 and a 200 day moving average price of $203.79. The company has a quick ratio of 0.43, a current ratio of 0.37 and a debt-to-equity ratio of 0.26.

Allstate (NYSE:ALL) last posted its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $14.31 EPS for the quarter, topping the consensus estimate of $8.72 by $5.59. Allstate had a return on equity of 39.20% and a net margin of 15.19%.The company had revenue of $14.57 billion during the quarter, compared to analyst estimates of $17.23 billion. During the same period in the previous year, the business earned $7.67 EPS. Allstate’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that Allstate will post 18.74 earnings per share for the current fiscal year.

Allstate Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a $1.08 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This is an increase from Allstate’s previous quarterly dividend of $1.00. This represents a $4.32 dividend on an annualized basis and a yield of 2.1%. Allstate’s dividend payout ratio is currently 12.95%.

Insider Buying and Selling at Allstate

In other news, insider Suren Gupta sold 19,593 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $210.00, for a total value of $4,114,530.00. Following the sale, the insider directly owned 100,646 shares of the company’s stock, valued at approximately $21,135,660. The trade was a 16.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 48,400 shares of company stock worth $10,313,256 in the last ninety days. 1.70% of the stock is owned by company insiders.

Institutional Trading of Allstate

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Allstate by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 33,235,231 shares of the insurance provider’s stock valued at $6,690,584,000 after buying an additional 435,145 shares during the period. State Street Corp raised its stake in shares of Allstate by 0.7% in the third quarter. State Street Corp now owns 11,859,517 shares of the insurance provider’s stock valued at $2,557,362,000 after acquiring an additional 85,468 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Allstate by 1.2% in the second quarter. Geode Capital Management LLC now owns 6,714,629 shares of the insurance provider’s stock valued at $1,345,961,000 after acquiring an additional 79,366 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Allstate by 2.5% in the second quarter. Franklin Resources Inc. now owns 4,670,113 shares of the insurance provider’s stock valued at $940,140,000 after purchasing an additional 112,858 shares during the period. Finally, Boston Partners raised its position in Allstate by 14.9% in the 3rd quarter. Boston Partners now owns 3,050,780 shares of the insurance provider’s stock valued at $654,652,000 after purchasing an additional 395,195 shares in the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Key Stories Impacting Allstate

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Allstate reported a big Q4 profit beat driven by property‑liability strength, lower catastrophe losses and higher earned premiums — EPS surged year‑over‑year, supporting confidence in earnings power. Allstate Q4 Earnings Beat
• Positive Sentiment: Management announced a $4B share buyback program and an 8% quarterly dividend hike — both are shareholder-friendly actions that boost returns and can support the stock over time. Buyback & Dividend Article
• Positive Sentiment: Analysts at JPMorgan raised their price target and kept an overweight view, implying meaningful upside; other shops (Wells Fargo) also lifted targets — these upgrades support the bullish case. Analyst Price Target Raises
• Neutral Sentiment: CEO highlighted Florida tort‑reform as a blueprint to reduce auto insurance costs — positive for loss ratios over time but more of a policy/industry tailwind than an immediate earnings driver. CEO Tort Reform Article
• Neutral Sentiment: Cantor Fitzgerald reaffirmed a neutral rating with a $220 target — signals some analysts see limited near‑term upside despite the company’s operational momentum. Cantor Fitzgerald Rating
• Negative Sentiment: Revenue for the quarter came in below some street estimates, which may have trimmed enthusiasm despite the EPS beat — investors are sensitive to top‑line misses when valuation momentum is high. Revenue & Net Income Article
• Negative Sentiment: After strong headlines (earnings, buyback, dividend), today’s move looks like short‑term profit‑taking and positioning shifts — market participants may be locking gains while digesting mixed signals. Earnings Call Transcript

About Allstate

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.