Allstate (NYSE:ALL) Downgraded by Keefe, Bruyette & Woods to Moderate Sell

Keefe, Bruyette & Woods cut shares of Allstate (NYSE:ALL) from a hold rating to a moderate sell rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other analysts have also recently weighed in on ALL. Raymond James Financial restated a “strong-buy” rating and set a $315.00 price objective on shares of Allstate in a research report on Tuesday, August 11th. Mizuho raised their price target on shares of Allstate from $255.00 to $272.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Barclays upped their target price on Allstate from $213.00 to $226.00 and gave the company an “underweight” rating in a report on Thursday, August 6th. Piper Sandler increased their price target on shares of Allstate from $268.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Finally, Atlantic Securities set a $319.00 target price on shares of Allstate in a report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Allstate has an average rating of “Hold” and an average target price of $265.26.

Allstate Stock Down 2.1%

Shares of NYSE:ALL opened at $254.29 on Wednesday. The company has a market capitalization of $64.30 billion, a PE ratio of 5.08, a price-to-earnings-growth ratio of 0.40 and a beta of 0.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36. Allstate has a 1 year low of $188.08 and a 1 year high of $277.22. The business has a fifty day moving average price of $249.69 and a two-hundred day moving average price of $224.74.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, August 5th. The insurance provider reported $8.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.06 by $2.93. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $15.46 billion. During the same period in the previous year, the company posted $5.94 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. Analysts forecast that Allstate will post 34.5 earnings per share for the current year.

Allstate Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, August 31st will be paid a $1.08 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $4.32 dividend on an annualized basis and a yield of 1.7%. Allstate’s payout ratio is presently 8.63%.

Insider Transactions at Allstate

In other news, Director Andrea Redmond sold 2,225 shares of Allstate stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $202.91, for a total value of $451,474.75. Following the completion of the transaction, the director owned 2,225 shares in the company, valued at approximately $451,474.75. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Mario Rizzo sold 56,225 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the completion of the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at $21,747,396.96. This trade represents a 40.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 91,446 shares of company stock worth $24,208,675 in the last three months. Insiders own 1.55% of the company’s stock.

Institutional Trading of Allstate

Several hedge funds and other institutional investors have recently made changes to their positions in the business. MV Capital Management Inc. acquired a new stake in Allstate during the 4th quarter worth about $25,000. Gables Capital Management Inc. acquired a new stake in Allstate in the 2nd quarter valued at $26,000. Navalign LLC acquired a new position in shares of Allstate during the 4th quarter worth about $27,000. Kelleher Financial Advisors acquired a new stake in shares of Allstate in the second quarter worth approximately $28,000. Finally, Evolution Wealth Management Inc. grew its holdings in shares of Allstate by 7,000.0% during the first quarter. Evolution Wealth Management Inc. now owns 142 shares of the insurance provider’s stock worth $29,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

More Allstate News

Here are the key news stories impacting Allstate this week:

• Positive Sentiment: Zacks Research raised several forward EPS estimates, including forecasts for Q1 2027, Q4 2027, Q1 2028 and Q2 2028. Zacks maintained its “Strong-Buy” rating, suggesting confidence in Allstate’s longer-term earnings potential. Zacks Research estimates
• Negative Sentiment: Allstate reported estimated July catastrophe losses of $682 million before tax, or $539 million after tax. The losses are expected to reduce quarterly results and highlight continued weather-related claims pressure. July 2026 Monthly Release
• Negative Sentiment: Pre-tax catastrophe losses for the current aggregate year have reached approximately $2.402 billion. The cumulative figure increases uncertainty around underwriting profitability and may prompt investors to reassess full-year earnings expectations. Allstate’s aggregate catastrophe losses
• Negative Sentiment: Keefe, Bruyette & Woods reaffirmed its “Underperform” rating and lowered its price target to $250 from $255. The reduced target signals limited near-term upside and adds pressure to the stock’s valuation. KBW analyst rating
• Negative Sentiment: Zacks also reduced its Q4 2026 EPS forecast to $7.72 from $7.89, partially offsetting its longer-term estimate increases. This cut may reflect expectations for near-term catastrophe-related earnings pressure.

Allstate Company Profile

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.