Keefe, Bruyette & Woods Raises Allstate (NYSE:ALL) Price Target to $255.00

Allstate (NYSE:ALL) had its target price boosted by investment analysts at Keefe, Bruyette & Woods from $242.00 to $255.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 1.34% from the company’s current price.

A number of other research analysts have also commented on the company. Zacks Research lowered Allstate from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. HSBC lowered Allstate from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $244.00 to $264.00 in a research report on Monday. Weiss Ratings reissued a “buy (a-)” rating on shares of Allstate in a research note on Thursday, June 18th. Raymond James Financial upped their target price on Allstate from $260.00 to $300.00 and gave the company a “strong-buy” rating in a report on Monday. Finally, Morgan Stanley raised their price target on Allstate from $215.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Allstate presently has an average rating of “Moderate Buy” and an average price target of $245.95.

Allstate Price Performance

ALL stock opened at $251.63 on Wednesday. The firm’s 50-day moving average price is $222.00 and its two-hundred day moving average price is $212.11. Allstate has a 12-month low of $188.08 and a 12-month high of $257.67. The stock has a market capitalization of $64.77 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 0.44 and a beta of 0.16. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last posted its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 earnings per share for the quarter, topping analysts’ consensus estimates of $7.31 by $3.34. The company had revenue of $16.94 billion during the quarter, compared to analyst estimates of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. Allstate’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.53 earnings per share. As a group, equities analysts predict that Allstate will post 29.8 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Mark Q. Prindiville sold 1,550 shares of Allstate stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $216.27, for a total transaction of $335,218.50. Following the completion of the transaction, the insider directly owned 27,558 shares in the company, valued at approximately $5,959,968.66. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrea Redmond sold 2,225 shares of the business’s 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 sale, the director directly owned 2,225 shares in the company, valued at approximately $451,474.75. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,353 shares of company stock valued at $4,851,560 over the last quarter. Corporate insiders own 1.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ALL. State Street Corp grew its stake in shares of Allstate by 3.7% in the fourth quarter. State Street Corp now owns 12,297,551 shares of the insurance provider’s stock worth $2,571,600,000 after acquiring an additional 438,034 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Allstate by 8.1% in the first quarter. Bank of America Corp DE now owns 7,913,320 shares of the insurance provider’s stock worth $1,640,748,000 after buying an additional 596,321 shares in the last quarter. GQG Partners LLC lifted its stake in shares of Allstate by 36.0% in the fourth quarter. GQG Partners LLC now owns 5,488,560 shares of the insurance provider’s stock worth $1,142,449,000 after buying an additional 1,452,993 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Allstate by 29.2% during the fourth quarter. Franklin Resources Inc. now owns 5,007,549 shares of the insurance provider’s stock valued at $1,042,321,000 after buying an additional 1,131,172 shares during the last quarter. Finally, Boston Partners grew its holdings in shares of Allstate by 14.9% during the third quarter. Boston Partners now owns 3,050,780 shares of the insurance provider’s stock valued at $654,652,000 after buying an additional 395,195 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

Allstate News Roundup

Here are the key news stories impacting Allstate this week:

• Negative Sentiment: Oklahoma filed a lawsuit alleging Allstate underpaid damage claims through a coordinated claims-payment scheme, raising the risk of fines, settlements, and further state investigations. Allstate Sued by Oklahoma for Alleged Scheme to Underpay Claims
• Negative Sentiment: Reports that traders bought a much larger-than-usual volume of Allstate put options suggest some investors are positioning for downside around the lawsuit and upcoming earnings.
• Neutral Sentiment: Barclays raised its price target on Allstate to $213 but kept an underweight rating, indicating the firm still sees downside from current levels even after the target increase. Benzinga report on Barclays price target
• Neutral Sentiment: Allstate said it will report second-quarter 2026 results on Aug. 6, keeping attention on whether underwriting performance and catastrophe losses support or weaken the company’s earnings outlook. Allstate to hold Q2 2026 earnings call Aug. 6, 2026
• Neutral Sentiment: Analysts are also looking for a double-digit profit decline in the upcoming Q2 report, which adds uncertainty but is already partly reflected in expectations. What to Expect From Allstate Corporation’s Q2 2026 Earnings Report

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.