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

Allstate (NYSE:ALL) was downgraded by research analysts at Keefe, Bruyette & Woods from a “hold” rating to a “moderate sell” rating in a report issued on Wednesday,Zacks.com reports.

ALL has been the subject of a number of other research reports. Roth Capital set a $300.00 price target on shares of Allstate in a report on Thursday, August 6th. Cantor Fitzgerald increased their price objective on Allstate from $236.00 to $242.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Citigroup cut Allstate from a “neutral” rating to a “sell” rating and raised their target price for the stock from $226.00 to $240.00 in a research note on Tuesday, August 11th. Wall Street Zen upgraded Allstate from a “hold” rating to a “buy” rating in a research report on Monday, July 20th. Finally, Piper Sandler increased their price target on Allstate from $268.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Four investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $265.26.

Allstate Trading Down 2.1%

Shares of Allstate stock opened at $254.29 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.36 and a quick ratio of 0.36. The stock’s 50 day simple moving average is $249.69 and its 200-day simple moving average is $224.74. The stock has a market cap of $64.30 billion, a P/E ratio of 5.08, a P/E/G ratio of 0.40 and a beta of 0.16. Allstate has a 1-year low of $188.08 and a 1-year high of $277.22.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $8.99 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $2.93. The firm had revenue of $18.60 billion for the quarter, compared to the consensus estimate of $15.46 billion. Allstate had a return on equity of 41.64% and a net margin of 18.97%.The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted $5.94 earnings per share. Analysts predict that Allstate will post 34.5 EPS for the current fiscal year.

Insider Activity

In other Allstate news, insider John E. Dugenske sold 32,996 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $269.33, for a total transaction of $8,886,812.68. Following the sale, the insider directly owned 13,054 shares in the company, valued at $3,515,833.82. This represents a 71.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mario Rizzo sold 56,225 shares of the business’s stock in a transaction on 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 transaction, the chief operating officer owned 82,227 shares of the company’s stock, valued at approximately $21,747,396.96. This trade represents a 40.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 91,446 shares of company stock valued at $24,208,675. 1.55% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. PYA Waltman Capital LLC raised its position in Allstate by 35.0% in the 2nd quarter. PYA Waltman Capital LLC now owns 19,318 shares of the insurance provider’s stock valued at $4,596,000 after purchasing an additional 5,012 shares in the last quarter. Natural Investments LLC grew its position in shares of Allstate by 1.5% during the second quarter. Natural Investments LLC now owns 3,327 shares of the insurance provider’s stock worth $791,000 after buying an additional 50 shares in the last quarter. Tsfg LLC increased its stake in shares of Allstate by 21.2% during the second quarter. Tsfg LLC now owns 1,276 shares of the insurance provider’s stock worth $304,000 after buying an additional 223 shares during the period. Triumph Capital Management increased its stake in shares of Allstate by 7.9% during the second quarter. Triumph Capital Management now owns 2,130 shares of the insurance provider’s stock worth $507,000 after buying an additional 156 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Allstate in the second quarter valued at approximately $479,000. 76.47% of the stock is owned by institutional investors and hedge funds.

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.