Zacks Research Comments on Allstate’s Q3 Earnings (NYSE:ALL)

The Allstate Corporation (NYSE:ALL) – Zacks Research boosted their Q3 2026 earnings estimates for shares of Allstate in a report released on Wednesday, August 19th. Zacks Research analyst Team now expects that the insurance provider will earn $6.47 per share for the quarter, up from their prior estimate of $5.28. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Allstate’s current full-year earnings is $34.50 per share. Zacks Research also issued estimates for Allstate’s FY2026 earnings at $33.83 EPS, Q2 2027 earnings at $5.03 EPS, Q3 2027 earnings at $6.93 EPS, FY2027 earnings at $27.46 EPS and FY2028 earnings at $24.46 EPS.

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

ALL has been the subject of several other research reports. HSBC cut Allstate from a “buy” rating to a “hold” rating and increased their price objective for the stock from $244.00 to $264.00 in a report on Monday, July 6th. Citigroup cut Allstate from a “neutral” rating to a “sell” rating and boosted their target price for the company from $226.00 to $240.00 in a research note on Tuesday, August 11th. Mizuho upped their target price on Allstate from $255.00 to $272.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. UBS Group lifted their price target on shares of Allstate from $261.00 to $275.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Evercore set a $240.00 price objective on shares of Allstate in a research report on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Allstate has an average rating of “Hold” and an average target price of $265.26.

Allstate Stock Down 2.1%

NYSE ALL opened at $254.29 on Friday. 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 has a market capitalization of $64.30 billion, a PE ratio of 5.08, a PEG 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. The business’s 50-day moving average is $249.69 and its 200 day moving average is $224.74.

Institutional Trading of Allstate

A number of institutional investors and hedge funds have recently modified their holdings of the business. PYA Waltman Capital LLC lifted its holdings in shares of Allstate by 35.0% during the second 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 boosted 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 valued at $791,000 after buying an additional 50 shares during the last quarter. Tsfg LLC increased its holdings in Allstate by 21.2% in the 2nd quarter. Tsfg LLC now owns 1,276 shares of the insurance provider’s stock worth $304,000 after buying an additional 223 shares in the last quarter. Triumph Capital Management increased its holdings in Allstate by 7.9% in the 2nd quarter. Triumph Capital Management now owns 2,130 shares of the insurance provider’s stock worth $507,000 after buying an additional 156 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Allstate in the 2nd quarter worth about $479,000. Institutional investors own 76.47% of the company’s stock.

Insider Buying and Selling

In related news, Director Andrea Redmond sold 2,225 shares of Allstate stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $202.91, for a total transaction of $451,474.75. Following the completion of the transaction, the director directly owned 2,225 shares of the company’s stock, valued at $451,474.75. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Mario Rizzo sold 56,225 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $264.48, for a total value of $14,870,388.00. Following the completion of the sale, the chief operating officer owned 82,227 shares in the company, valued at $21,747,396.96. The trade was a 40.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 91,446 shares of company stock valued at $24,208,675 over the last ninety days. Company insiders own 1.55% of the company’s stock.

Allstate Dividend Announcement

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

Key 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.