The Allstate Corporation

New York Stock Exchange
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Bullish +72

The Allstate Corporation (NYSE:ALL) Receives Average Recommendation of ...

📊 Analysts maintain a consensus 'Moderate Buy' rating with an average 12-month price target of $240.33.

💰 The stock recently beat earnings expectations, reporting $10.65 EPS against a consensus of $7.31.

📈 Revenue reached $16.94 billion for the quarter, representing a 3.0% year-over-year increase.

🏦 Institutional ownership stands at 76.47%, with significant stake increases from Mitsubishi UFJ and Mezzasalma Advisors.

💵 A quarterly dividend of $1.08 was declared, offering an annualized yield of 1.9%.

📉 The stock trades at a PE ratio of 4.90 with a market capitalization of $57.13 billion.

🔍 Mizuho lowered its price target to $265 while maintaining an 'outperform' rating.

🏢 Allstate operates as one of the largest personal lines property and casualty insurers in the United States.

Bullish Signals
  • Allstate significantly beat quarterly earnings estimates, reporting EPS of $10.65 versus a consensus of $7.31.
  • Revenue grew by 3.0% year-over-year to reach $16.94 billion, demonstrating solid top-line growth.
  • The company achieved a high return on equity of 42.66% and a net margin of 17.81%.
  • Major institutional investors like Mitsubishi UFJ Asset Management increased holdings by 5.1% in the fourth quarter.
  • AIA Group Ltd dramatically increased its stake by 479.8% in the third quarter, adding over $2.8 million in value.
  • The stock trades at a low PE ratio of 4.90, suggesting potential undervaluation relative to earnings.
  • Analysts anticipate full-year EPS of $29.43, indicating strong forward-looking expectations.
Risk Factors
  • One analyst has issued a sell recommendation, contrasting with the broader consensus buy ratings.
  • Mizuho decreased its price objective from $281.00 to $265.00 in a recent research report.
  • Citigroup raised its price target but maintained a 'neutral' rating on the stock.
Full Analysis
Shares of The Allstate Corporation (NYSE:ALL) have received a consensus 'Moderate Buy' recommendation from twenty-one research firms, with an average 12-month price target of $240.33. Analyst ratings are mixed, ranging from one sell to three strong buys, with the majority holding neutral or buy positions. Recent activity includes Mizuho lowering its price objective to $265 while maintaining an 'outperform' rating, and Citigroup raising its target to $226 with a 'neutral' stance. Institutional ownership remains robust at 76.47%, with notable increases in holdings from major funds like Mitsubishi UFJ Asset Management Co. Ltd., Mezzasalma Advisors LLC, and AIA Group Ltd. during the third and fourth quarters. Specific stake changes include Elo Mutual Pension Insurance Co increasing its position by 39.6% to own over $8.6 million in shares, signaling continued confidence from large investors. Financially, Allstate reported strong quarterly results with EPS of $10.65, significantly beating the consensus estimate of $7.31, and revenue of $16.94 billion versus an expected $15.24 billion. The company achieved a net margin of 17.81% and a return on equity of 42.66%, with revenue growing 3.0% year-over-year. Analysts anticipate full-year EPS of $29.43, while the stock trades at a PE ratio of 4.90 with a market cap of $57.13 billion. The company declared a quarterly dividend of $1.08 per share, payable on July 1st to shareholders of record on June 1st, representing an annualized yield of 1.9%. Headquartered in Northbrook, Illinois, Allstate is one of the largest personal lines property and casualty insurers in the U.S., focusing primarily on auto and homeowners coverage since its founding in 1931.