With a market cap of $66.1 billion, The Allstate Corporation (ALL) is a leading provider of insurance and protection solutions, offering affordable and connected coverage for autos, homes, electronic devices, and identities. With more than 216 million policies in force, Allstate serves customers through a broad distribution network and is widely recognized for its "You're in Good Hands with Allstate" brand promise. The insurance giant's shares have outperformed the broader market over the past 52 weeks.
ALL stock has increased 25.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.4%. Moreover, shares of the company are up 25.6% on a YTD basis, compared to SPX's 13.7% gain. A $210 Billion Reason to Buy AMD Stock Here CoreWeave vs Nebius: Both Companies Reported Strong Earnings, But Here's the Stock You Should Buy As Oracle Deepens Its Partnership with AWS, Here's How You Should Play ORCL Stock Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox.
In addition, shares of the Northbrook, Illinois-based company have also outpaced the State Street Financial Select Sector SPDR ETF's (XLF) 10.5% return over the past 52 weeks. Shares of Allstate rose nearly 4% following its Q2 2026 results on Aug. 5 as adjusted EPS of $8.99 beat the consensus estimate and surged 51.3% year-over-year, driven by stronger underwriting, premium growth, robust investment income, and lower catastrophe losses. Net investment income jumped 33.8% to $1 billion, beating estimates, underwriting income in Property-Liability soared 56.7% to $2 billion, and catastrophe losses fell 12.8% to $1.4 billion, helping pretax income climb 53.2% to $4.1 billion.
For the fiscal year ending in December 2026, analysts expect Allstate's adjusted EPS to decline 2.6% year-over-year to $33.92. However, the company's earnings surprise history is promising. It beat the consensus estimates in each of the last four quarters.
Among the 24 analysts covering the stock, the consensus rating is a "Moderate Buy." That's based on 10 "Strong Buy" ratings, 10 "Holds," and four "Strong Sells." This configuration is slightly less bullish than three months ago, with 11 "Strong Buy" ratings on the stock. On Aug. 11, JPMorgan's Pablo Singzon raised Allstate's price target to $292 and maintained an "Overweight" rating. The mean price target of $273.83 represents a 4.8% premium to ALL's current levels.
The Street-high price target of $334 implies a potential upside of 27.8%. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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