How Is Allstate’s Stock Performance Compared to Other P&C Insurers?

Written by Emily J. Thompson, Senior Investment Analyst

ALL-1.49%

KBWP-0.11%

CB-0.5%

Source: NASDAQ.COM

Updated: Mar 17 2025

0mins

Source: NASDAQ.COM

Company Overview: The Allstate Corporation, based in Northbrook, Illinois, is a major player in the property and casualty insurance market with a market cap of $55 billion, ranking as the fourth largest P&C insurer and second largest home insurance provider in the U.S.
Stock Performance: Allstate's stock has shown strong growth, gaining 5.7% over the past three months and 30.2% over the past year, despite a slight dip following mixed Q4 results; analysts maintain a "Moderate Buy" rating with a price target suggesting an 8.8% upside from current levels.

ALL

$192.37+Infinity%1D

Analyst Views on ALL

Wall Street analysts forecast ALL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALL is 238.35 USD with a low forecast of 201.00 USD and a high forecast of 313.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

18 Analyst Rating

10 Buy

7 Hold

1 Sell

Moderate Buy

Current: 195.280

Low

201.00

Averages

238.35

High

313.00

Current: 195.280

Low

201.00

Averages

238.35

High

313.00

Evercore ISI

In Line

downgrade

$233 -> $225

2026-01-07

Reason

Evercore ISI

Price Target

$233 -> $225

AI Analysis

2026-01-07

downgrade

In Line

Reason

Evercore ISI lowered the firm's price target on Allstate to $225 from $233 and keeps an In Line rating on the shares. With a tough cyclical backdrop, 2026 is "shaping up to be a challenging year for the P&C insurance sector," but this presents "a stock pickers market with opportunities for discerning investors," the analyst says in a year-ahead outlook note for the group.

Goldman Sachs

Buy

maintain

$243 -> $227

2026-01-07

Reason

Goldman Sachs

Price Target

$243 -> $227

2026-01-07

maintain

Buy

Reason

Goldman Sachs lowered the firm's price target on Allstate to $227 from $243 and keeps a Buy rating on the shares. In a sector note on Americas Insurance, the firm said it expects "strong and fairly resilient" insurer profitability for the next few years, but added that it believes we are "solidly in the softening phase" of the P&C insurance cycle, which leads to "increased capital supply and competition, which should drive a deceleration in growth/pricing/margins, that we think are broadly underappreciated within Street estimates."

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Keefe Bruyette

Meyer Shields

maintain

$250 -> $254

2026-01-06

Reason

Keefe Bruyette

Meyer Shields

Price Target

$250 -> $254

2026-01-06

maintain

Reason

Keefe Bruyette analyst Meyer Shields raised the firm's price target on Allstate to $254 from $250 and keeps an Outperform rating on the shares.

BofA

NULL -> Buy

maintain

$300 -> $313

2026-01-05

Reason

BofA

Price Target

$300 -> $313

2026-01-05

maintain

NULL -> Buy

Reason

BofA raised the firm's price target on Allstate to $313 from $300 and keeps a Buy rating on the shares. As in 2025, the pricing trends for most P&C insurance products do not appear positive, the analyst tells investors in a research note. While pricing for liability lines remains positive, it seems that loss costs are rising more steeply than prices, the analyst says, adding that personal auto rates are flattish, while some investors are expecting decline in response to high profitability. The firm added, however, that underwriter valuations hardly look expensive, even as fundamentals have tipped in the "wrong direction."

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.