最新ニュース Allstate (NYSE:ALL) 株価情報

Allstate

Allstate is one of the largest us property-casualty insurers in the us. Personal auto represents the largest percentage of revenue, but the company offers homeowners insurance and other insurance products. Allstate products are sold in North America primarily by about 6,000 exclusive agents.

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The Allstate Corporation (NYSE:ALL) の株は、同社が雇用者任意給付事業をStanCorp Financial Group, Inc. に慣例的な条件と承認を条件に200億ドルで売却する確定取引が成立したことで上昇しています。

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Allstate Corporation (The) 5.100% Fixed-to-Floating Rate Subordinated Debentures due 2053

Allstate Corporation (The) Depositary Shares each representing a 1/1,000th interest in a share of Fixed Rate Noncumulative Perpetual Preferred Stock, Series H

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Allstate Corp shares are trading higher after Jefferies maintained a Buy rating on the stock and raised its price target from $231 to $267.

Jefferies analyst Yaron Kinar maintains Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) with a Buy and raises the price target from $231 to $267.

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Analyst Ratings

Jefferies Maintains Buy on Allstate, Raises Price Target to $267

Morgan Stanley analyst Bob Huang maintains Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) with a Overweight and raises the price target from $220 to $228.

Morgan Stanley Maintains Overweight on Allstate, Raises Price Target to $228

Hurricane Rafael made landfall in Cuba as a Category 3 storm on Wednesday. Here's a look at what stocks could be affected as the hurricane takes <a href="https://www.benzinga.com/markets/equities/24/10/41240852/back-to-back-hurricanes-batter-floridas-insurance-market-stocks-to-watch">aim at the Gulf of Mexico. </a>
What To Know: According to <a href="https://www.foxweather.com/weather-news/tracking-hurricane-rafael-us-gulf-of-mexico-caribbean">a report</a> from Fox Weather, Hurricane Rafael made landfall in the Cuban province of Artemisa with sustained winds of 115 miles per hour, making it a Category 3 hurricane. The storm is expected to enter the Gulf of Mexico on Wednesday night and residents along the coast from Florida to Texas will be watching the storm's path.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">What Does Trump&#8217;s Victory Mean For EV Giant Tesla And The Big 3 Automakers?</a>
What To Watch: Hurricanes affect people, homes and companies in their paths and spread wide-reaching effects on various sectors and industries. Insurance companies see an influx of claims resulting from damage to property and vehicles. Homes will have to be repaired and rebuilt driving sales of lumber, windows and sheetrock higher. Power outages cause consumers to seek portable generators as an alternative way to power their homes.&nbsp;
Home improvement stores like Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) and Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) could see a pop in sales as people rush to secure their homes before the storm and repair damage after. 
Generac Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) designs and manufactures standby generators and portable generators and often sees its shares rise before and after major weather events. 
Shares of insurance companies tend to drop after natural disasters and investors may want to keep an eye on Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Travelers Companies, Inc.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) and Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) in the days and weeks following a potential landfall from Hurricane Rafael. 
Power companies including Duke Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) and Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>) could face increased labor costs and additional costs to repair infrastructure after the storm.
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Photo: Hurricane Rafael as a tropical storm, 11.5.2024. Courtesy the NOAA/Public Domain

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Keefe, Bruyette &amp; Woods analyst Meyer Shields maintains Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) with a Outperform and raises the price target from $222 to $225.

Keefe, Bruyette & Woods Maintains Outperform on Allstate, Raises Price Target to $225

Wells Fargo analyst Elyse Greenspan maintains Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) with a Equal-Weight and raises the price target from $175 to $186.

Wells Fargo Maintains Equal-Weight on Allstate, Raises Price Target to $186

Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) underwent analysis by 20 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $206.3, a high estimate of $233.00, and a low estimate of $175.00. Surpassing the previous average price target of $202.06, the current average has increased by 2.1%.
<img src="https://www.benzinga.com/files/images/story/2024/1730754036_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Allstate. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Meredith</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$225.00</td>
<td>$216.00</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$187.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Bob Huang</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$215.00</td>
<td>$202.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$233.00</td>
<td>$216.00</td>
</tr>
<tr>
<td>Michael Zaremski</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$214.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Brian Meredith</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$216.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Jimmy Bhullar</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$207.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Joshua Shanker</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$216.00</td>
<td>$226.00</td>
</tr>
<tr>
<td>Yaron Kinar</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$231.00</td>
<td>$217.00</td>
</tr>
<tr>
<td>Oliver Wintermantel</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$195.00</td>
<td>$191.00</td>
</tr>
<tr>
<td>C. Gregory Peters</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$220.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Barclays</td>
<td>Announces</td>
<td>Underweight</td>
<td>$175.00</td>
<td>-</td>
</tr>
<tr>
<td>Andrew Kligerman</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$224.00</td>
<td>$193.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$196.00</td>
<td>$188.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$208.00</td>
<td>$208.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$175.00</td>
<td>$177.00</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$204.00</td>
<td>$199.00</td>
</tr>
<tr>
<td>Harry Fong</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$208.00</td>
<td>$199.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$177.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Allstate. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Allstate compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Allstate's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Allstate's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ALL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Allstate analyst ratings.</a>
<h2>Unveiling the Story Behind Allstate</h2>
Allstate is one of the largest us property-casualty insurers in the us. Personal auto represents the largest percentage of revenue, but the company offers homeowners insurance and other insurance products. Allstate products are sold in North America primarily by about 6,000 exclusive agents.
<h3>Allstate's Financial Performance</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Allstate's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 14.69%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Allstate's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 6.98%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Allstate's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 6.55%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Allstate's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.05% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Allstate's debt-to-equity ratio stands notably higher than the industry average, reaching 0.43. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Allstate In The Eyes Of 20 Experts

Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) has outperformed the market over the past 15 years by 1.37% on an annualized basis producing an average annual return of 13.0%. Currently, Allstate has a market capitalization of $48.46 billion. 
Buying $100 In ALL: If an investor had bought $100 of ALL stock 15 years ago, it would be worth $620.20 today based on a price of $183.00 for ALL at the time of writing.
<h3>Allstate's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730750418_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Allstate 15 Years Ago Would Be Worth Today

UBS analyst Brian Meredith maintains Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) with a Buy and raises the price target from $216 to $225.

UBS Maintains Buy on Allstate, Raises Price Target to $225

New Arlo Total Security Bundle for Allstate Combines Professional Monitoring, Hardware, and Device Protection.
As the holiday season nears, Allstate and Arlo, a leading smart home security brand, are introducing a smarter way to protect homeowners with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.arlo.com%2Fen-us%2Fallstatebundle%3Futm_medium%3Dpressreleasek%26utm_source%3Dpressrelease&amp;esheet=54145808&amp;newsitemid=20241104228305&amp;lan=en-US&amp;anchor=The+Arlo+Total+Security+bundle+for+Allstate&amp;index=1&amp;md5=a854ccd139e5bb2b3bfae09fed00547d">The Arlo Total Security bundle for Allstate</a>.
"This exclusive package, offered at a special reduced price, helps homeowners rest easy with Arlo's advanced security system backed by a three-year extended protection plan from Allstate," said Suren Gupta, president, protection products and enterprise services at Allstate. "It's affordable, simple and connected protection, arriving in time for the holidays when people are on the go and packages are arriving."
The Arlo Total Security bundle for Allstate includes 24/7 professional monitoring, all necessary hardware (such as the Security System Keypad Hub, 5 All-in-One Sensors and 2 essential 2nd Gen Outdoor cameras), and an Allstate Protection Plan.

ARLO

Allstate And Arlo Team Up To Boost Home Protection, New Arlo Total Security Bundle For Allstate Combines Professional Monitoring, Hardware, And Device Protection

Barclays analyst Alex Scott maintains Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) with a Underweight and raises the price target from $175 to $187.

Barclays Maintains Underweight on Allstate, Raises Price Target to $187

Allstate shares are trading higher after the company reported better-than-expected Q3 financial results.

Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) reported quarterly earnings of $3.91 per share which beat the analyst consensus estimate of $2.47 by 58.3 percent. The company reported quarterly sales of $16.60 billion which beat the analyst consensus estimate of $14.94 billion by 11.14 percent. This is a 24.77 percent increase over sales of $13.30 billion the same period last year.

Earnings

Earnings Beats

Allstate Q3 2024 Adj EPS $3.91 Beats $2.47 Estimate, Sales $16.60B Beat $14.94B Estimate

In the current market session, Allstate Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) share price is at $189.00, after a 0.47% spike. Moreover, over the past month, the stock fell by 0.23%, but in the past year, increased by 47.85%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1730142010_0.png" alt="Past Year Chart" />

<h3>How Does Allstate P/E Compare to Other Companies?</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Allstate has a lower P/E than the aggregate P/E of 20.07 of the Insurance industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1730142010_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Markets

P/E Ratio Insights for Allstate

Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) has outperformed the market over the past 15 years by 1.28% on an annualized basis producing an average annual return of 13.28%. Currently, Allstate has a market capitalization of $51.36 billion. 
Buying $100 In ALL: If an investor had bought $100 of ALL stock 15 years ago, it would be worth $639.30 today based on a price of $194.50 for ALL at the time of writing.
<h3>Allstate's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729531883_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Allstate Stock In The Last 15 Years

Allstate's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) short percent of float has fallen 10.71% since its last report. The company recently reported that it has 1.74 million shares sold short, which is 0.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.18 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Allstate Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729272618_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Allstate has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Allstate's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Allstate's peer group average for short interest as a percentage of float is 1.85%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(ALL) - Analyzing Allstate's Short Interest

B of A Securities analyst Joshua Shanker maintains Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) with a Buy and raises the price target from $216 to $233.

B of A Securities Maintains Buy on Allstate, Raises Price Target to $233

BMO Capital analyst Michael Zaremski maintains Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) with a Outperform and raises the price target from $205 to $214.

BMO Capital Maintains Outperform on Allstate, Raises Price Target to $214

Allstate Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) reported $630 million in catastrophe losses related to Hurricane Helene alone. The company reported total estimated catastrophe losses of $889 million for September, more than twice the amount reported <a href="https://www.benzinga.com/pressreleases/24/10/b41378242/allstate-announces-september-and-third-quarter-2024-catastrophe-losses-run-off-reserve-review-and-">for the same month last year.&nbsp;</a>
What Happened: The impact of Hurricane Helene has led to a substantial increase in Allstate&#8217;s losses for the third quarter of 2024 which the company reported as $1.7 billion, up from $1.18 billion in the same quarter in 2023. 
Other insurance companies affected by the recent hurricanes include Progressive Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>), which <a href="https://www.benzinga.com/pressreleases/24/10/g41329804/progressive-reports-september-2024-results">recorded</a> $563 million in catastrophe in September as a result of Hurricane Helene. Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) reported catastrophe losses of $939 million for the third quarter of 2024 due to Hurricane Helene, an increase of $89 million compared to the same period last year.
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Moody's Risk Management Solutions, or RMS, said<a href="https://www.benzinga.com/news/24/10/41321615/hurricanes-helene-milton-insurance-losses-spike-to-55b-moodys"> it expects</a> combined total insured losses from Hurricane Helene and Hurricane Milton to range between $35 billion and $55 billion.
According to <a href="https://www.insurtechinsights.com/hurricanes-helene-and-milton-floridas-insurance-market-on-the-brink/">a report</a> from Insurtech Insights, Hurricanes Helene and Milton contributed to total losses for Florida insurers of more than $100 billion for the fifth consecutive year, comparable to the losses from Hurricane Katrina in 2005.&nbsp;
Why It Matters: Citizens, Florida's state-backed insurer of last resort, has seen a surge in policyholders in recent years, especially after recent destructive hurricanes. 
The rapid influx raises serious concerns about its financial stability as it has experienced massive underwriting losses, amounting to hundreds of millions of dollars. Citizens estimates it is currently at a 38% rate inadequate, meaning it needs a 38% rate increase to be solvent. However, Florida law caps its annual rate increases at 10%
Citizens is transferring more than 648,000 policies to private insurers, per<a href="https://www.clickorlando.com/news/local/2024/10/04/what-citizens-insurance-depopulation-means-for-florida-homeowners/"> Click Orlando</a>. These companies are also experiencing <a href="https://www.benzinga.com/markets/equities/24/10/41240852/back-to-back-hurricanes-batter-floridas-insurance-market-stocks-to-watch">financial strain</a> due to increased claims, likely leading to higher premiums and reduced coverage availability.
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Photo: wurliburli from Pixabay

Movers

Insurance

Allstate Records $630M In Losses From Hurricane Helene, Other Insurers Report Significant Losses As Damage Mounts

Allstate Says During Q3 2024, The Company Performed Its Annual Run-Off Property-Liability Reserve Review, Which Resulted In Unfavorable Reserve Reestimates Totaling $58M Or $46M, After-Tax; Rate Increases For Allstate Brand Auto Insurance Resulted In A Premium Impact For Rates Implemented Of 2.9% In Q3 And 6.3% YTD

The Allstate Corporation 2024 Q3 - Results - Earnings Call Presentation

The Allstate Corporation (ALL) Q3 2024 Earnings Call Transcript

Allstate Corp ( ($ALL) ) has released its Q3 earnings. Here is a breakdown of the information Allstate Corp presented to its investors. Allstate Co...

Allstate Corp Shows Strong Q3 Performance Amid Challenges

Evercore ISI analyst David Motemaden maintained a Hold rating on Allstate (ALL – Research Report) today and set a price target of $209.00. The comp...

Evercore ISI Remains a Hold on Allstate (ALL)

Wells Fargo analyst Elyse Greenspan maintained a Hold rating on Allstate (ALL – Research Report) yesterday and set a price target of $186.00. The c...

Wells Fargo Keeps Their Hold Rating on Allstate (ALL)

Wells Fargo raised the firm's price target on Allstate (ALL) to $186 from $175 and keeps an Equal Weight rating on the shares. The firm notes the s...

Allstate price target raised to $186 from $175 at Wells Fargo

In a report released today, Meyer Shields from KBW maintained a Buy rating on Allstate (ALL – Research Report), with a price target of $225.00. The...

Allstate (ALL) Receives a Rating Update from a Top Analyst

Analysts have been eager to weigh in on the Financial sector with new ratings on Swiss Re AG (SSREF – Research Report) and Allstate (ALL – Research...

Analysts Conflicted on These Financial Names: Swiss Re AG (OtherSSREF) and Allstate (ALL)

Morgan Stanley raised the firm's price target on Allstate (ALL) to $228 from $220 and keeps an Overweight rating on the shares and move the stock t...

Allstate price target raised to $228, named a 'Top Pick' at Morgan Stanley

Jefferies raised the firm's price target on Allstate (ALL) to $267 from $231 and keeps a Buy rating on the shares. The firm views the policy-in-for...

Allstate price target raised to $267 from $231 at Jefferies

SSREF

Press Releases

Allstate, AFCA Reveal 2024 Good Works Team, Allstate Wuerffel Trophy Semifinalists

Allstate Announces August 2024 Catastrophe Losses

Top 10 Most Transparent Companies Revealed in 2024 U.S. Transparency Awards by Labrador

Allstate to Hold Q3 2024 Earnings Call Oct. 31

Allstate Protection Plans Enhances Its Portfolio of Offerings for the Mobile Industry with Kingfisher Acquisition

Allstate Announces September and Third Quarter 2024 Catastrophe Losses, Run-off Reserve Review and Third Quarter 2024 Implemented Rates

Allstate Expands Support for All College Sports, Athletes

Allstate Reports Third Quarter 2024 Results

Allstate and Arlo Team Up to Boost Home Protection Just in Time for The Holidays

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The Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) の株は、同社が雇用者任意給付事業をStanCorp Financial Group, Inc. に慣例的な条件と承認を条件に200億ドルで売却する確定取引が成立したことで上昇しています。
この売却により、6億ドルの利益が生まれ、1.6兆ドルのデプロイ可能資本が増加すると予想されています。
Allstateは、売却後、自己資本利益率の調整後純利益が約100ベーシスポイント減少すると予想しています。この取引は2025年上半期に締結される見込みです。
この売却は、Allstateが雇用者任意給付、個人の健康、および集団の健康事業を、追加機能を提供する企業と統合することで成長を促進するという戦略の最初の段階です。
また、両社は製品販売のパートナーシップを結成します。この提携の下、The StandardはAllstateの代理店を通じて販売される団体生命、障害、およびその他の給付を独占的に担当し、<a href="https://www.benzinga.com/pressreleases/24/08/b40354955/the-standard-to-acquire-allstate-employer-voluntary-benefits-business-companies-announce-distribut" target="_blank" rel="noreferrer noopener">信頼できるグループの給付パートナーとなります。</a>
The Allstate Corporationの会長、社長兼最高経営責任者であるトム・ウィルソン氏は「Allstateの雇用者任意給付事業は、今後もThe Standardによって十分に対応される、350万人以上の顧客に保護を提供しています。AllstateとThe Standardの業界をリードする製品提供、雇用主との関係、販売および優秀なチームとの調整は、顧客により幅広い保護とより高い価値を提供します」とコメントしています。
「資本を展開して個人の財産および責任の保険の市場シェアを拡大し、保護を提供するため、Allstateの株主にも利益がもたらされます。個別の健康事業と集団の健康事業の売却に関する議論は続いており、同じく成功を収めることが期待されています。」
過去12か月間でAllstateの株は60％以上上昇しました。投資家は、Invesco KBW Property＆Casualty Insurance ETF（NASDAQ:KBWP）および iShares 米国保険 ETF（NYSE:IAK）を通じて同社の株に投資することができます。
株価の動き：ALLの株は、最終チェック時点の本日のプレマーケットで1.68％高の174.85ドルで取引を終えています。
免責事項：水曜日の最終チェック時点でALLの株が1.68％上昇し、174.85ドルです。
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