Allstate Stock Drops 2.2% After Downgrade by KBW
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 55 minutes ago
0mins
Source: seekingalpha
- Downgrade Impact: Allstate's stock fell 2.2% in midday trading on Monday after Keefe, Bruyette & Woods downgraded its rating from Outperform to Market Perform, reflecting market concerns about the company's future growth prospects.
- Policy Growth Slowdown: Analyst Meyer Shields noted that Allstate's year-over-year personal auto policies in force growth peaked in February and is now significantly slowing, with intensified market competition likely hindering any substantial reacceleration.
- Target Price Adjustment: The analyst lowered Allstate's target price from $266 to $242, indicating a reduced expectation for the company's future profitability and reflecting a reassessment of its growth potential in the market.
- Reporting Changes: Allstate announced it will stop reporting monthly policies in force numbers after May, further suggesting that its successful return to positive growth may be nearing its end, with future disclosures limited to quarterly earnings reports.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ALL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ALL
Wall Street analysts forecast ALL stock price to rise
16 Analyst Rating
9 Buy
6 Hold
1 Sell
Moderate Buy
Current: 221.010
Low
207.00
Averages
239.64
High
281.00
Current: 221.010
Low
207.00
Averages
239.64
High
281.00
About ALL
The Allstate Corporation protects people from life’s uncertainties with a wide array of protection for autos, homes, electronic devices and identity theft. The Company’s products are available through Allstate agents, independent agents, major retailers, online and at the workplace. Its Allstate Protection segment offers private passenger auto, homeowners, other personal lines and commercial insurance. Its Run-off Property-Liability segment includes property and casualty insurance coverage. The Company’s Protection Services segment provides consumer product protection plans, device and mobile data collection services and analytic solutions using automotive telematics information, roadside assistance, protection and insurance products and identity protection and restoration through Allstate Protection Plans, Allstate Dealer Services, Allstate Roadside, Arity and Allstate Identity Protection.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Allstate Stock Drops 2.2% After Downgrade by KBW
- Downgrade Impact: Allstate's stock fell 2.2% in midday trading on Monday after Keefe, Bruyette & Woods downgraded its rating from Outperform to Market Perform, reflecting market concerns about the company's future growth prospects.
- Policy Growth Slowdown: Analyst Meyer Shields noted that Allstate's year-over-year personal auto policies in force growth peaked in February and is now significantly slowing, with intensified market competition likely hindering any substantial reacceleration.
- Target Price Adjustment: The analyst lowered Allstate's target price from $266 to $242, indicating a reduced expectation for the company's future profitability and reflecting a reassessment of its growth potential in the market.
- Reporting Changes: Allstate announced it will stop reporting monthly policies in force numbers after May, further suggesting that its successful return to positive growth may be nearing its end, with future disclosures limited to quarterly earnings reports.
See More
Allstate Declares Quarterly Dividend of $1.08 per Share
- Quarterly Dividend Announcement: Allstate declares a quarterly dividend of $1.08 per share, consistent with previous distributions, demonstrating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 2.0% reflects the company's appeal in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Shareholder Payment Schedule: The dividend will be payable on July 1, with a record date of June 1 and an ex-dividend date also on June 1, ensuring shareholders receive timely returns and further solidifying the relationship between the company and its investors.
- Repurchase Authorization Plan: Allstate has also announced a $4 billion stock repurchase authorization, with Q1 revenue reaching $16.9 billion, indicating the company's proactive strategy in capital management aimed at enhancing earnings per share and increasing shareholder value.
See More
Allstate Announces Quarterly Dividend of $1.08 per Share
- Quarterly Common Stock Dividend: Allstate's board approved a quarterly dividend of $1.08 per common share, payable on July 1, 2026, aimed at enhancing shareholder returns and attracting more investor interest.
- Preferred Stock Dividend Declaration: The company also declared approximately $29.3 million in total dividends on three series of preferred stock for the period from April 15 to July 14, 2026, indicating stable cash flow and financial health.
- Preferred Stock Payment Arrangement: Preferred dividends will be paid on July 15, 2026, with a record date of June 30, 2026, ensuring shareholder rights during this period and further boosting investor confidence.
- Company Background Information: Allstate currently has over 212 million policies in force, committed to providing comprehensive insurance protection, showcasing its strong competitive position and market share in the insurance sector.
See More
Allstate Announces Quarterly Dividend of $1.08
- Common Stock Dividend: Allstate has declared a quarterly dividend of $1.08 per share, payable on July 1, 2026, which is expected to enhance shareholder cash flow and boost investor confidence in the company's financial stability.
- Preferred Stock Dividends: The company also announced approximately $29.3 million in aggregate dividends on three series of preferred stock for the period from April 15 to July 14, 2026, indicating strong cash flow and profitability.
- Record Dates: The record date for the common stock dividend is June 1, 2026, while the record date for preferred stock dividends is June 30, providing investors with a clear timeline to ensure eligibility for dividends.
- Company Overview: Allstate protects over 212 million policies and is committed to providing comprehensive insurance coverage, with its dividend policy reflecting ongoing financial health and a strong commitment to shareholders.
See More
Allstate Estimates April Catastrophe Losses at $870 Million
- Loss Estimate Decline: Allstate's estimated catastrophe losses for April stand at $870 million, or $687 million after-tax, down from $925 million and $731 million after-tax in March, indicating improvements in the company's disaster management strategies.
- Loss Source Analysis: The April losses stemmed from 10 wind and hail events, with approximately 70% of the losses attributed to two specific events, highlighting the significant impact of extreme weather on the company's financials.
- Policy Growth: As of April 30, Allstate's protection policies in force increased by 0.2% month-over-month and 2.3% year-over-year to 38,667, demonstrating the company's stability and ongoing expansion of its customer base in the market.
- Segment Performance: By the end of April, the auto insurance segment recorded 25,805 protection policies in force, homeowners had 7,764, other personal lines totaled 4,919, and commercial lines had 179, reflecting varying demands across different segments and the company's strategic positioning in each area.
See More
Allstate and Aspen Institute Propel National Trust Movement
- Trust in Practice Awards: Allstate and the Aspen Institute jointly announced the 2026 Trust in Practice Awards, allocating $5.25 million to U.S. communities to address the demand for trust, aiming to enhance social trust through funding awardees and an acceleration and learning fund.
- Funding Distribution: The awards include grants of $1 million, $500,000, and $100,000, along with a $500,000 acceleration and learning fund to foster connections and collaboration among awardees, further promoting trust-building efforts in communities.
- Trust-Building Research: Allstate's research indicates that trust begins at home and is built through local relationships, shared experiences, and active community participation, highlighting trust's critical role in societal prosperity and freedom protection.
- Strategic Priority: The Aspen Institute has made strengthening trust a strategic priority, with the Trust in Practice Awards serving as a vital step towards creating a network of trust-builders committed to enhancing social trust across America.
See More
Allstate Stock Drops 2.2% After Downgrade by KBW
- Downgrade Impact: Allstate's stock fell 2.2% in midday trading on Monday after Keefe, Bruyette & Woods downgraded its rating from Outperform to Market Perform, reflecting market concerns about the company's future growth prospects.
- Policy Growth Slowdown: Analyst Meyer Shields noted that Allstate's year-over-year personal auto policies in force growth peaked in February and is now significantly slowing, with intensified market competition likely hindering any substantial reacceleration.
- Target Price Adjustment: The analyst lowered Allstate's target price from $266 to $242, indicating a reduced expectation for the company's future profitability and reflecting a reassessment of its growth potential in the market.
- Reporting Changes: Allstate announced it will stop reporting monthly policies in force numbers after May, further suggesting that its successful return to positive growth may be nearing its end, with future disclosures limited to quarterly earnings reports.
See More
Allstate Declares Quarterly Dividend of $1.08 per Share
- Quarterly Dividend Announcement: Allstate declares a quarterly dividend of $1.08 per share, consistent with previous distributions, demonstrating the company's stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 2.0% reflects the company's appeal in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Shareholder Payment Schedule: The dividend will be payable on July 1, with a record date of June 1 and an ex-dividend date also on June 1, ensuring shareholders receive timely returns and further solidifying the relationship between the company and its investors.
- Repurchase Authorization Plan: Allstate has also announced a $4 billion stock repurchase authorization, with Q1 revenue reaching $16.9 billion, indicating the company's proactive strategy in capital management aimed at enhancing earnings per share and increasing shareholder value.
See More
Allstate Announces Quarterly Dividend of $1.08 per Share
- Quarterly Common Stock Dividend: Allstate's board approved a quarterly dividend of $1.08 per common share, payable on July 1, 2026, aimed at enhancing shareholder returns and attracting more investor interest.
- Preferred Stock Dividend Declaration: The company also declared approximately $29.3 million in total dividends on three series of preferred stock for the period from April 15 to July 14, 2026, indicating stable cash flow and financial health.
- Preferred Stock Payment Arrangement: Preferred dividends will be paid on July 15, 2026, with a record date of June 30, 2026, ensuring shareholder rights during this period and further boosting investor confidence.
- Company Background Information: Allstate currently has over 212 million policies in force, committed to providing comprehensive insurance protection, showcasing its strong competitive position and market share in the insurance sector.
See More
Allstate Announces Quarterly Dividend of $1.08
- Common Stock Dividend: Allstate has declared a quarterly dividend of $1.08 per share, payable on July 1, 2026, which is expected to enhance shareholder cash flow and boost investor confidence in the company's financial stability.
- Preferred Stock Dividends: The company also announced approximately $29.3 million in aggregate dividends on three series of preferred stock for the period from April 15 to July 14, 2026, indicating strong cash flow and profitability.
- Record Dates: The record date for the common stock dividend is June 1, 2026, while the record date for preferred stock dividends is June 30, providing investors with a clear timeline to ensure eligibility for dividends.
- Company Overview: Allstate protects over 212 million policies and is committed to providing comprehensive insurance coverage, with its dividend policy reflecting ongoing financial health and a strong commitment to shareholders.
See More
Allstate Estimates April Catastrophe Losses at $870 Million
- Loss Estimate Decline: Allstate's estimated catastrophe losses for April stand at $870 million, or $687 million after-tax, down from $925 million and $731 million after-tax in March, indicating improvements in the company's disaster management strategies.
- Loss Source Analysis: The April losses stemmed from 10 wind and hail events, with approximately 70% of the losses attributed to two specific events, highlighting the significant impact of extreme weather on the company's financials.
- Policy Growth: As of April 30, Allstate's protection policies in force increased by 0.2% month-over-month and 2.3% year-over-year to 38,667, demonstrating the company's stability and ongoing expansion of its customer base in the market.
- Segment Performance: By the end of April, the auto insurance segment recorded 25,805 protection policies in force, homeowners had 7,764, other personal lines totaled 4,919, and commercial lines had 179, reflecting varying demands across different segments and the company's strategic positioning in each area.
See More
Allstate and Aspen Institute Propel National Trust Movement
- Trust in Practice Awards: Allstate and the Aspen Institute jointly announced the 2026 Trust in Practice Awards, allocating $5.25 million to U.S. communities to address the demand for trust, aiming to enhance social trust through funding awardees and an acceleration and learning fund.
- Funding Distribution: The awards include grants of $1 million, $500,000, and $100,000, along with a $500,000 acceleration and learning fund to foster connections and collaboration among awardees, further promoting trust-building efforts in communities.
- Trust-Building Research: Allstate's research indicates that trust begins at home and is built through local relationships, shared experiences, and active community participation, highlighting trust's critical role in societal prosperity and freedom protection.
- Strategic Priority: The Aspen Institute has made strengthening trust a strategic priority, with the Trust in Practice Awards serving as a vital step towards creating a network of trust-builders committed to enhancing social trust across America.
See More
