Allstate (ALL) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allstate in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALL shares.
View ALL analyst ratings or view top-rated stocks.

14 brokers have issued twelve-month target prices for Allstate's shares. Their ALL share price forecasts range from $100.00 to $166.00. On average, they anticipate the company's stock price to reach $141.15 in the next twelve months. This suggests a possible upside of 18.7% from the stock's current price.
View analysts price targets for ALL or view top-rated stocks among Wall Street analysts.

Allstate's stock was trading at $135.60 at the start of the year. Since then, ALL shares have decreased by 12.3% and is now trading at $118.89.
View the best growth stocks for 2023 here.

Allstate saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 2,460,000 shares, a drop of 7.5% from the April 15th total of 2,660,000 shares. Based on an average trading volume of 1,970,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.9% of the company's shares are sold short.
View Allstate's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ALL earnings forecast.

The Allstate Co. (NYSE:ALL) issued its quarterly earnings data on Thursday, May, 4th. The insurance provider reported ($1.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.94) by $0.64. The insurance provider had revenue of $13.79 billion for the quarter, compared to the consensus estimate of $13.68 billion. Allstate had a negative trailing twelve-month return on equity of 7.77% and a negative net margin of 4.33%. Allstate's revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $2.58 earnings per share.
Read the conference call transcript.

Allstate declared a quarterly dividend on Friday, February 17th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.89 per share on Monday, April 3rd. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Monday, February 27th. This is a boost from the stock's previous quarterly dividend of $0.85.
Read our dividend analysis for ALL.

ETFs with the largest weight of Allstate (NYSE:ALL) stock in their portfolio include Invesco KBW Property & Casualty Insurance ETF (KBWP), iShares U.S. Insurance ETF (IAK), God Bless America ETF (YALL), American CenturyFocused Large Cap Value ETF (FLV), Natixis Vaughan Nelson Mid Cap ETF (VNMC), ASYMmetric Smart S&P 500 ETF (ASPY), SPDR S&P Insurance ETF (KIE) and Neuberger Berman Next Generation Connected Consumer ETF (NBCC).

Allstate (NYSE:ALL) pays an annual dividend of $3.56 per share and currently has a dividend yield of 3.05%.
Read our dividend analysis for ALL.

Allstate declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 4th 2021, which permits the company to repurchase $5,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 13% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

2,379 employees have rated Allstate Chief Executive Officer Thomas J. Wilson II on Glassdoor.com. Thomas J. Wilson II has an approval rating of 61% among the company's employees. This puts Thomas J. Wilson II in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Allstate investors own include Chipotle Mexican Grill (CMG), Cisco Systems (CSCO), Honeywell International (HON), Endologix (ELGX), Intel (INTC), Micron Technology (MU), AT&T (T), Johnson & Johnson (JNJ), CA (CA) and Verizon Communications (VZ).

Allstate trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALL."

Allstate's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.41%), State Street Corp (4.37%), Price T Rowe Associates Inc. MD (2.30%), Geode Capital Management LLC (2.21%), Charles Schwab Investment Management Inc. (2.10%) and American Century Companies Inc. (1.96%). Insiders that own company stock include Glenn T Shapiro, Jesse E Merten, John C Pintozzi, John E Dugenske, Judith A Sprieser, Mario Rizzo, Mark Q Prindiville, Suren Gupta and Thomas J Wilson.
View institutional ownership trends.

Shares of ALL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of ALL stock can currently be purchased for approximately $118.89.

Allstate (NYSE:ALL) has a market capitalization of $31.25 billion and generates $51.41 billion in revenue each year. The insurance provider earns $-1,311,000,000.00 in net income (profit) each year or ($8.87) on an earnings per share basis.

The company employs 54,500 workers across the globe.

Allstate's mailing address is 2775 SANDERS ROAD, NORTHBROOK IL, 60062. The official website for the company is www.allstate.com. The insurance provider can be reached via phone at (847) 402-5000, via email at invrel@allstate.com, or via fax at 651-450-4033.