The Allstate Corporation

New York Stock Exchange
Back to all articles
Bullish +75

Piper Sandler Sticks to Their Buy Rating for Allstate (ALL)

📈 Piper Sandler analyst Paul Newsome maintains a Buy rating on Allstate (ALL) with a price target of $268.00.

📊 The company reported Q1 revenue of $16.94 billion and net profit of $2.46 billion, compared to $16.26 billion revenue and $595 million profit last year.

⭐ Newsome is a 5-star analyst with an average return of 11.2% and a 66.46% success rate covering the Financial sector.

🔄 KBW's Meyer Shields also issued a Buy rating on Allstate in a report from May 21.

⚠️ Barclays maintained a Sell rating on Allstate as of May 22, contrasting with other bullish analyst views.

📉 Corporate insider sentiment is negative based on activity from 94 insiders over the past quarter.

💸 Insider Mario Rizzo sold 18,578 shares for $4,064,866.40 earlier this month, contributing to increased selling activity.

🌪️ Allstate reported estimated catastrophe losses of $870 million for April 2026.

📈 Other analysts have adjusted price targets, with Keefe Bruyette raising the target to $266 and Mizuho lowering it to $255.

🏢 The article notes that Allstate's Q1 margins were strong but offset by slower premium growth in some analyst assessments.

Bullish Signals
  • Piper Sandler maintained a Buy rating on Allstate with a price target of $268.00, signaling strong institutional confidence.
  • Allstate reported quarterly revenue of $16.94 billion and net profit of $2.46 billion for the quarter ending March 31, representing significant growth compared to last year's figures.
  • Analyst Paul Newsome from Piper Sandler is a 5-star analyst with an average return of 11.2% and a 66.46% success rate, adding credibility to the positive outlook.
  • KBW's Meyer Shields also issued a Buy rating on Allstate in a report dated May 21, reinforcing bullish sentiment from multiple analysts.
  • Allstate reported April 2026 estimated catastrophe losses of $870M, indicating manageable risk exposure for the upcoming period.
  • The company's strong Q1 margins have been highlighted by analysts as a key positive factor offsetting slower premium growth.
  • Keefe Bruyette raised Allstate's price target to $266 from $260, reflecting growing analyst optimism about the stock's potential.
Risk Factors
  • Barclays maintained a Sell rating on Allstate (NYSE: ALL) as of May 22, contrasting with recent Buy ratings from other analysts.
  • Corporate insider sentiment is negative due to increased selling activity among 94 insiders over the past quarter.
  • Mario Rizzo, an insider at Allstate, sold 18,578 shares for $4,064,866.40 earlier this month.
  • Mizuho lowered its price target for Allstate to $255 from $259, indicating analyst concern over the stock's valuation.
  • Allstate reported April estimated catastrophe losses of $870M, which could impact future profitability and margins.
Full Analysis
Piper Sandler analyst Paul Newsome maintains a Buy rating on Allstate (ALL) with a price target of $268.00, citing strong Q1 earnings where revenue reached $16.94 billion and net profit surged to $2.46 billion from $595 million the prior year. While KBW also holds a Buy rating, Barclays maintains a Sell position, creating mixed analyst sentiment around the stock. Corporate insider activity remains negative as 94 insiders have sold shares recently, including Mario Rizzo who sold 18,578 shares for approximately $4.06 million in early May. The company also reported estimated catastrophe losses of $870 million for April 2026, reflecting ongoing weather-related risks impacting the insurance sector.