The Allstate Corporation

New York Stock Exchange
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Bullish +65

Allstate (NYSE:ALL) Price Target Raised to $282.00

📈 JPMorgan Chase raised Allstate's price target to $282.00 from $263.00 with an overweight rating.

📊 Raymond Financial increased its target to $300.00 and upgraded the rating to strong-buy.

💰 Wells Fargo raised its price target to $243.00 while maintaining an equal weight rating.

📉 Wall Street Zen downgraded Allstate from a buy to a hold rating.

📉 HSBC lowered its rating from buy to hold despite raising the price target to $264.00.

💵 Q1 EPS of $10.65 significantly beat analyst consensus estimates of $7.31.

📈 Revenue reached $16.94 billion, exceeding expectations and growing 3.0% year-over-year.

🏦 Return on equity stood at 42.66% with a net margin of 17.81%.

💸 A quarterly dividend of $1.08 per share was declared for a 1.8% yield.

👔 COO Mario Rizzo sold 18,578 shares in a transaction valued at approximately $4.06 million.

🏛️ Institutional investors own 76.47% of the company's outstanding stock.

📅 Analysts forecast full-year EPS of 29.99 for the current fiscal year.

Bullish Signals
  • JPMorgan Chase raised its price target to $282.00, reflecting confidence in the company's valuation.
  • Raymond James Financial increased its price objective to $300.00 and assigned a strong-buy rating.
  • Wells Fargo upped its price target to $243.00, indicating continued interest from major banks.
  • Allstate reported EPS of $10.65, which topped the consensus estimate by $3.34.
  • Revenue of $16.94 billion exceeded analyst expectations of $15.24 billion.
  • The company achieved a return on equity of 42.66% and a net margin of 17.81%.
  • Analysts forecast full-year EPS of 29.99, suggesting sustained profitability.
  • Institutional ownership remains strong at 76.47%, indicating confidence from major investors.
Risk Factors
  • Wall Street Zen downgraded the stock from a buy to a hold rating.
  • HSBC lowered its rating from buy to hold, signaling some caution despite a target increase.
  • Insiders sold a total of 22,353 shares valued at $4.85 million over the last 90 days.
Full Analysis
JPMorgan Chase raised its price target on Allstate (NYSE:ALL) to $282.00 from $263.00, maintaining an overweight rating. This follows a mixed analyst landscape where Wells Fargo increased its target to $243.00 with an equal weight rating, while Raymond James upgraded the target to $300.00 with a strong-buy rating. Conversely, Wall Street Zen downgraded the stock to a hold, and HSBC lowered its rating from buy to hold despite raising its target. Allstate reported robust quarterly earnings on April 29th, posting $10.65 EPS which significantly beat the consensus estimate of $7.31. Revenue reached $16.94 billion, surpassing expectations of $15.24 billion and growing 3.0% year-over-year. The company demonstrated strong profitability with a return on equity of 42.66% and a net margin of 17.81%, while analysts forecast full-year EPS of 29.99. The insurer declared a quarterly dividend payable on October 1st to shareholders of record by August 31st, offering $1.08 per share for a 1.8% yield. Recent insider activity includes sales by COO Mario Rizzo and Mark Q. Prindiville totaling over $4.8 million in the last 90 days, though institutional ownership remains high at 76.47% with several firms initiating or increasing positions.