Wells Fargo & Company Forecasts Strong Price Appreciation for Allstate (NYSE:ALL) Stock

06 Nov 2026, 15:21 by Sarita Garza · The Markets Daily

Allstate (NYSE:ALL – Get Free Report) had its target price upped by research analysts at Wells Fargo & Company from $236.00 to $252.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 3.71% from the stock’s previous close.

Several other brokerages have also recently commented on ALL. HSBC cut shares of Allstate from a “buy” rating to a “hold” rating and set a $271.00 price target on the stock. in a research report on Friday. The Goldman Sachs Group lowered their target price on Allstate from $280.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. Argus set a $238.00 target price on Allstate in a research report on Friday, August 28th. Keefe, Bruyette & Woods dropped their target price on Allstate from $250.00 to $232.00 and set an “underperform” rating on the stock in a report on Monday, October 12th. Finally, Citigroup reduced their price target on Allstate from $240.00 to $215.00 and set a “sell” rating for the company in a research report on Friday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Allstate has an average rating of “Hold” and a consensus target price of $271.52.

Read Our Latest Analysis on Allstate

Allstate Price Performance

NYSE ALL opened at $261.72 on Friday. The firm’s 50 day moving average is $245.96 and its 200-day moving average is $229.53. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $66.18 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 0.59 and a beta of 0.13. Allstate has a 12-month low of $191.13 and a 12-month high of $281.11.

Allstate (NYSE:ALL – Get Free Report) last announced its earnings results on Wednesday, November 4th. The insurance provider reported $9.76 EPS for the quarter, topping the consensus estimate of $6.89 by $2.87. The business had revenue of $17.35 billion during the quarter, compared to analysts’ expectations of $15.87 billion. Allstate had a net margin of 16.57% and a return on equity of 38.48%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.17 earnings per share. Equities research analysts anticipate that Allstate will post 36.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Allstate

In other news, COO Mario Rizzo sold 56,225 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $264.48, for a total transaction of $14,870,388.00. Following the transaction, the chief operating officer directly owned 82,227 shares in the company, valued at $21,747,396.96. The trade was a 40.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.55% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Allstate

Institutional investors have recently bought and sold shares of the business. Kendall Capital Management raised its position in Allstate by 2.4% in the 3rd quarter. Kendall Capital Management now owns 1,730 shares of the insurance provider’s stock valued at $384,000 after buying an additional 40 shares during the last quarter. Insight Inv LLC lifted its stake in Allstate by 0.3% during the 3rd quarter. Insight Inv LLC now owns 13,682 shares of the insurance provider’s stock valued at $3,035,000 after acquiring an additional 44 shares in the last quarter. Cornerstone Financial Management LLC boosted its holdings in Allstate by 24.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 226 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 45 shares during the last quarter. Capital Advisors Inc. OK boosted its holdings in Allstate by 2.6% during the 2nd quarter. Capital Advisors Inc. OK now owns 1,827 shares of the insurance provider’s stock worth $435,000 after acquiring an additional 46 shares during the last quarter. Finally, Providence Wealth Advisors LLC boosted its holdings in Allstate by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 13,887 shares of the insurance provider’s stock worth $3,107,000 after acquiring an additional 46 shares during the last quarter. Institutional investors and hedge funds own 76.47% of the company’s stock.

Trending Headlines about Allstate

Here are the key news stories impacting Allstate this week:

Positive Sentiment: Allstate reported Q3 EPS of $9.76, above the $6.89 consensus, and revenue of $17.35 billion, also above expectations. Protection Services growth and higher investment income helped drive the beat. Article: ALL Q3 Earnings Beat on Protection Services Unit Strength
Positive Sentiment: Management highlighted growth in auto policies and progress on AI, including a planned personal agentic assistant launch in early 2027. Policy growth could support future revenue, while AI efforts may improve operations over time. Article: Allstate Earnings Call Highlights Strong Growth and AI Progress
Negative Sentiment: HSBC cut its rating on Allstate from Buy to Hold, setting a $271 price target—only about 1.3% above the referenced $267.51 share price. The move signals limited perceived upside at current levels. HSBC stock recommendations
Negative Sentiment: Despite the EPS beat, Q3 net income fell roughly 45% year over year, with higher catastrophe losses weighing on results. Reports also flag rising underlying auto loss costs while average premiums are falling, which could pressure underwriting margins. Article: Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses
Negative Sentiment: Barclays maintained an Underweight rating despite raising its target to $228, implying about 14.8% downside from $267.51. Barclays stock recommendations

About Allstate

(Get Free Report)

Allstate Corp. (NYSE: ALL) is an insurance company that provides protection products and related services primarily in the United States. Its offerings include automobile, homeowners, renters, condominium, motorcycle and other personal property and casualty insurance, distributed through agents, brokers, direct channels and digital platforms.