The Allstate Corporation

New York Stock Exchange
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Bullish +62

The Allstate Corporation (NYSE:ALL) Receives Consensus Recommendation ...

📊 Allstate holds a consensus 'Moderate Buy' rating from twenty-two brokerages with an average price target of $248.26.

📉 Wall Street Zen downgraded the stock to 'hold,' while Cantor Fitzgerald adjusted its price objective to $242.00.

💰 Raymond James Financial raised its target price to $300.00 and upgraded the rating to 'strong-buy.'

🏦 Director Andrea Redmond sold 2,225 shares for $451,475, reducing her ownership by half.

📉 Insiders collectively sold 22,353 shares worth $4.85 million over the last quarter.

🏛️ Institutional ownership stands at 76.47%, with Coldstream Capital and Compound Planning increasing stakes.

💵 The company reported $10.65 EPS for the quarter, beating analyst estimates of $7.31 by a wide margin.

📈 Revenue reached $16.94 billion, representing a 3% increase compared to the prior year.

🏆 Allstate achieved a return on equity of 42.66% and a net margin of 17.81%.

💸 A quarterly dividend of $1.08 per share is scheduled for payment on October 1st.

Bullish Signals
  • Allstate significantly beat earnings expectations with $10.65 EPS versus a consensus of $7.31, demonstrating strong operational performance.
  • Revenue grew by 3% year-over-year to reach $16.94 billion, indicating stable business growth in the insurance sector.
  • The company maintains a high return on equity of 42.66% and a healthy net margin of 17.81%, reflecting efficient operations.
  • Raymond James Financial upgraded its rating to 'strong-buy' and raised its price target to $300.00, signaling strong analyst confidence.
  • Institutional investors are accumulating shares, with Coldstream Capital Management and Compound Planning Inc. increasing their positions in the fourth quarter.
Risk Factors
  • Director Andrea Redmond sold 2,225 shares for $451,475, representing a 50% reduction in her personal holdings.
  • Insiders collectively sold 22,353 shares worth $4.85 million over the last quarter, indicating some profit-taking or portfolio rebalancing.
  • Wall Street Zen downgraded the stock from 'buy' to 'hold,' suggesting a more cautious outlook from at least one major analyst firm.
Full Analysis
Allstate Corporation (NYSE:ALL) has received a consensus 'Moderate Buy' recommendation from twenty-two brokerages, with an average one-year price target of $248.26. Analyst ratings are mixed, ranging from one 'sell' to three 'strong buy' ratings, though recent activity includes Wall Street Zen downgrading the stock to 'hold' and Cantor Fitzgerald adjusting its objective to $242.00 with a 'neutral' rating. Recent insider trading activity shows Director Andrea Redmond selling 2,225 shares for approximately $451,475, representing a 50% decrease in her ownership, while Mark Q. Prindiville sold 1,550 shares for about $335,219. Over the last quarter, insiders collectively sold 22,353 shares worth roughly $4.85 million, leaving them with a 1.55% stake in the company. Institutional investors have made various adjustments to their positions, with Coldstream Capital Management increasing its stake by 0.6% and Compound Planning Inc. growing its position by 1.6%. Hedge funds and other institutional investors collectively own 76.47% of the outstanding stock. Financial metrics indicate a market cap of $64.78 billion, a P/E ratio of 5.55, and a beta of 0.16. Allstate reported strong quarterly earnings on April 29th, posting $10.65 EPS which significantly beat the consensus estimate of $7.31. Revenue reached $16.94 billion, up 3% year-over-year, with a net margin of 17.81% and a return on equity of 42.66%. The company also declared a quarterly dividend of $1.08 per share, payable on October 1st to shareholders of record on August 31st.