Allstate Analysts Increase Their Forecasts Following Q1 Earnings

Benzinga05-02 03:38

Allstate Corp (NYSE:ALL) reported mixed results for the first quarter after the closing bell on Wednesday.

The company posted quarterly earnings of $10.65 per share which beat the analyst consensus estimate of $7.29 per share. The company reported quarterly sales of $14.625 billion which missed the analyst consensus estimate of $15.099 billion.

“Allstate’s strategy and execution capabilities generated strong earnings and increased growth in the first quarter,” said Tom Wilson, who leads The Allstate Corporation. “Revenues were $16.9 billion and net income was $2.4 billion. Policies in force reached 212 million, reflecting increased growth in auto and homeowners insurance and Protection Plans. The Property-Liability combined ratio was strong, and the underlying combined ratio* improved in all personal lines products and brands. Investment income increased by 9.8%, reflecting portfolio growth and higher fixed income yields. Adjusted net income* was $2.8 billion, or $10.65 per diluted common share.”

Allstate shares rose 0.2% to trade at $217.71 on Friday.

These analysts made changes to their price targets on Allstate following earnings announcement.

Piper Sandler analyst Paul Newsome maintained Allstate with an Overweight rating and raised the price target from $252 to $268.
Citigroup analyst Matthew Heimermann maintained the stock with a Neutral and raised the price target from $221 to $226.

Considering buying ALL stock? Here’s what analysts think:

Photo via Shutterstock

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The company reported quarterly sales of $14.625 billion which missed the analyst consensus estimate of $15.099 billion.</p>\n<p>“Allstate’s strategy and execution capabilities generated strong earnings and increased growth in the first quarter,” said Tom Wilson, who leads The Allstate Corporation. “Revenues were $16.9 billion and net income was $2.4 billion. Policies in force reached 212 million, reflecting increased growth in auto and homeowners insurance and Protection Plans. The Property-Liability combined ratio was strong, and the underlying combined ratio* improved in all personal lines products and brands. Investment income increased by 9.8%, reflecting portfolio growth and higher fixed income yields. 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The company reported quarterly sales of $14.625 billion which missed the analyst consensus estimate of $15.099 billion.</p>\n<p>“Allstate’s strategy and execution capabilities generated strong earnings and increased growth in the first quarter,” said Tom Wilson, who leads The Allstate Corporation. “Revenues were $16.9 billion and net income was $2.4 billion. Policies in force reached 212 million, reflecting increased growth in auto and homeowners insurance and Protection Plans. The Property-Liability combined ratio was strong, and the underlying combined ratio* improved in all personal lines products and brands. Investment income increased by 9.8%, reflecting portfolio growth and higher fixed income yields. Adjusted net income* was $2.8 billion, or $10.65 per diluted common share.”</p>\n<p>Allstate shares rose 0.2% to trade at $217.71 on Friday.</p>\n<p>These analysts made changes to their price targets on Allstate following earnings announcement.</p>\n<ul>\n<li>Piper Sandler analyst Paul Newsome maintained Allstate with an Overweight rating and raised the price target from $252 to $268.</li>\n<li>Citigroup analyst Matthew Heimermann maintained the stock with a Neutral and raised the price target from $221 to $226.</li>\n</ul>\n<p><strong>Considering buying ALL stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"477\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/01153656/image-28-1024x477.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/01153656/image-28-1024x477.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/01153656/image-28-300x140.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/01153656/image-28-768x358.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/01153656/image-28.png 1236w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALL","symbol_name":"好事达","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/05/52230305/allstate-analysts-increase-their-forecasts-following-q1-earnings","article_id":"2632642854","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2632642854","pubTimestamp":1777664283,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Allstate Corp (NYSE:ALL) reported mixed Q1 results, beating earnings estimates but missing on sales. Analysts have mixed opinions, with PTs ranging from $226 to $268.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ALL":"好事达"},"translate_title":"好事达分析师在第一季度盈利后上调预测","themeId":"11c8fbbf839f433c9d274cef5f173382","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALL":1.5},"content_text":"Allstate Corp (NYSE:ALL) reported mixed results for the first quarter after the closing bell on Wednesday.\nThe company posted quarterly earnings of $10.65 per share which beat the analyst consensus estimate of $7.29 per share. The company reported quarterly sales of $14.625 billion which missed the analyst consensus estimate of $15.099 billion.\n“Allstate’s strategy and execution capabilities generated strong earnings and increased growth in the first quarter,” said Tom Wilson, who leads The Allstate Corporation. “Revenues were $16.9 billion and net income was $2.4 billion. Policies in force reached 212 million, reflecting increased growth in auto and homeowners insurance and Protection Plans. The Property-Liability combined ratio was strong, and the underlying combined ratio* improved in all personal lines products and brands. Investment income increased by 9.8%, reflecting portfolio growth and higher fixed income yields. Adjusted net income* was $2.8 billion, or $10.65 per diluted common share.”\nAllstate shares rose 0.2% to trade at $217.71 on Friday.\nThese analysts made changes to their price targets on Allstate following earnings announcement.\n\nPiper Sandler analyst Paul Newsome maintained Allstate with an Overweight rating and raised the price target from $252 to $268.\nCitigroup analyst Matthew Heimermann maintained the stock with a Neutral and raised the price target from $221 to $226.\n\nConsidering buying ALL stock? 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