Allstate Stock (NYSE:ALL), Trade Ideas

Allstate

Allstate is one of the largest US property and 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 10,000 company agencies.

Long Ideas

News

Markets

Media

Trading Ideas

AMAT

On CNBC’s &#34;Halftime Report Final Trades,&#34; Stephen Weiss of Short Hills Capital Partners named  U.S.

Applied Materials, BHP Group, Allstate And More On CNBC&#39;s &#39;Final Trades&#39;

Financial.Insurance.Shutterstock

Equities

Large Cap

Mid Cap

Sector ETFs

Economics

Insurance

ETFs

Real Estate

KBWP

Home insurance rates are rising, with a projected 6% increase and severe weather states like Louisiana facing a 23% surge. Reinsurance challenges add to the concern.

Alarming Rise In Home Insurance Costs Expected To Continue Into 2024: Insurance Stock ETF Soars To All-Time Highs

Small Cap

HWKN

PYPL

On CNBC’s &#34;Mad Money Lightning Round,&#34; Jim Cramer recommended buying  The Allstate Corporation  (NYSE: ALL), which recently posted upbeat results for its fourth quarter.

Jim Cramer Says This Construction Giant Is &#39;So Good&#39; And &#39;Goes Higher&#39;

Allstate Corp

ALL BEST ICO

ALD SA

Allegion PLC

Allego NV

ATLANTIC LITHIUM LTD by Atlantic Lithium Ltd.

Atlantic Lithium Ltd

Allstate Corp PRF PERPETUAL USD 25 - Ser J

Allakos Inc

Allin Corp

Allogene Therapeutics, Inc. - Common Stock

Allogene Therapeutics Inc

Allarity Therapeutics, Inc. - Common stock

Allarity Therapeutics Inc

Allot Ltd

Allied Minds PLC

Ally Financial Inc

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

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

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

Morgan Stanley analyst Michael Phillips 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 $187 to $190.

Price Target

Analyst Ratings

Morgan Stanley Maintains Overweight on Allstate, Raises Price Target to $190

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 1.93% on an annualized basis producing an average annual return of 14.81%. Currently, Allstate has a market capitalization of $44.43 billion. 
Buying $100 In ALL: If an investor had bought $100 of ALL stock 15 years ago, it would be worth $719.21 today based on a price of $168.44 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/2024/1712937630_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

Analysts' ratings for Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) over the last quarter vary from bullish to bearish, as provided by 14 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<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;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</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;">0</td>
<td style="text-align: right;">0</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>1M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</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>2M Ago</td>
<td style="text-align: right;">1</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>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</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 $177.64, a high estimate of $200.00, and a low estimate of $145.00. This current average has increased by 10.6% from the previous average price target of $160.62. 
<img src="https://www.benzinga.com/files/images/story/2024/1712858489_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive Allstate is derived from recent analyst actions. The following is a detailed summary of 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>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$146.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Oliver Wintermantel</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$173.00</td>
<td>$166.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$189.00</td>
<td>$181.00</td>
</tr>
<tr>
<td>Jimmy Bhullar</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$185.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Harry Fong</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Paul Newsome</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$188.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Vikram Gandhi</td>
<td>HSBC</td>
<td>Announces</td>
<td>Buy</td>
<td>$190.00</td>
<td>-</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$181.00</td>
<td>$171.00</td>
</tr>
<tr>
<td>Brian Meredith</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$185.00</td>
<td>$171.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$145.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Jimmy Bhullar</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$172.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>C. Gregory Peters</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$180.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Michael Zaremski</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$158.00</td>
<td>$140.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Allstate. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Allstate compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Allstate's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Allstate's market position. Stay informed and make well-informed 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>Discovering Allstate: A Closer Look</h2>
Allstate is one of the largest U.S. property and casualty insurers in the U.S. 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 10,000 company agencies.
<h3>A Deep Dive into Allstate's Financials</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Allstate showcased positive performance, achieving a revenue growth rate of 8.68% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower 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 9.84%, 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 10.3%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Allstate's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.43%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Allstate's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.5, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>How Are Analyst Ratings Determined?</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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Allstate

Wells Fargo analyst Elyse Greenspan 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 $145 to $146.

Wells Fargo Maintains Underweight on Allstate, Raises Price Target to $146

Evercore ISI Group analyst Oliver Wintermantel maintains Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) with a In-Line and raises the price target from $166 to $173.

Evercore ISI Group Maintains In-Line on Allstate, Raises Price Target to $173

On CNBC&rsquo;s &quot;<a href="https://www.cnbc.com/video/2024/04/10/final-trades-allstate-bhp-group-2-year-t-note-and-applied-materials.html">Halftime Report Final Trades</a>,&quot; Stephen Weiss of Short Hills Capital Partners named U.S. 2 Year Treasury Note, which is&nbsp;<a href="https://www.benzinga.com/news/23/11/35729489/amd-to-surpass-2b-gpu-revenue-target-in-2024-analyst">almost at a 5% yield. </a>
Jim Lebenthal of Cerity Partners named Applied Materials, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amat#NASDAQ">AMAT</a>) as his final trade.
Due to insufficient government funding, Applied Materials may reconsider or abandon its plan to establish a $4 billion research and development (R&amp;D) facility in Silicon Valley.
President Joe Biden signed a bill in late 2022 allocating $52.7 billion for domestic semiconductor research and manufacturing, but a recent appropriations bill redirected a chunk of the funds. This affected Bay Area companies not directly manufacturing semiconductors, the San Francisco Chronicle <a href="https://www.benzinga.com/news/24/04/38158183/applied-materials-rethinks-4b-silicon-valley-project-amid-federal-funding-shortfall">reported</a>.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Bryn Talkington of Requisite Capital Management said she is sticking with BHP Group Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhp#NYSE">BHP</a>).
Last month, BHP Group reportedly cut about a quarter of its contractor workforce (around 100 people) at its West Musgrave project in Western Australia. This decision came amid considerations to freeze its nickel division due to falling prices and is part of BHP&rsquo;s ongoing review of the mine&rsquo;s development <a href="https://www.benzinga.com/markets/commodities/24/03/37789877/bhp-to-slash-australian-workforce-as-nickel-market-downturn-continues">timeline and capital spending</a>.
Joseph M. Terranova said Allstate Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/all#NYSE">ALL</a>) is the way to play gold and copper.
The Allstate is scheduled to host a conference call on Thursday, May 2, 2024, to discuss first quarter 2024 earnings.
<h3>Price Action:</h3>
<ul>
<li>Applied Materials shares fell 0.6% to close at $209.25 on Wednesday.</li>
<li>BHP Group shares fell 1.3% to settle at $59.68 on Wednesday.</li>
<li>Allstate shares gained 0.8% to settle at $169.75 during Wednesday&rsquo;s session.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38166239/carmax-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call"> CarMax Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </a>
Image: Courtesy of Applied Materials

Applied Materials, BHP Group, Allstate And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Allstate Corp, BHP Group, Applied Materials

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 $181 to $189.

Keefe, Bruyette & Woods Maintains Outperform on Allstate, Raises Price Target to $189

JP Morgan analyst Jimmy Bhullar 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 $172 to $185.

JP Morgan Maintains Overweight on Allstate, Raises Price Target to $185

Roth MKM analyst Harry Fong reiterates Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) with a Buy and raises the price target from $175 to $200.

Reiteration

Roth MKM Reiterates Buy on Allstate, Raises Price Target to $200

Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) has outperformed the market over the past 10 years by 1.12% on an annualized basis producing an average annual return of 11.99%. Currently, Allstate has a market capitalization of $45.74 billion. 
Buying $100 In ALL: If an investor had bought $100 of ALL stock 10 years ago, it would be worth $311.07 today based on a price of $173.42 for ALL at the time of writing.
<h3>Allstate's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712179843_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.

If You Invested $100 In This Stock 10 Years Ago, You Would Have $300 Today

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$85.00</td>
<td>$28.5K</td>
<td>8.4K</td>
<td>5.3K</td>
</tr>
<tr>
<td>AGNC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$10.00</td>
<td>$33.5K</td>
<td>6.7K</td>
<td>3.7K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/05/24</td>
<td>$260.00</td>
<td>$29.5K</td>
<td>1.1K</td>
<td>1.8K</td>
</tr>
<tr>
<td>GL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$115.00</td>
<td>$78.0K</td>
<td>349</td>
<td>243</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$65.00</td>
<td>$45.5K</td>
<td>8.6K</td>
<td>242</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$150.00</td>
<td>$25.2K</td>
<td>208</td>
<td>16</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$170.00</td>
<td>$36.9K</td>
<td>4.4K</td>
<td>14</td>
</tr>
<tr>
<td>ALL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$150.00</td>
<td>$25.5K</td>
<td>117</td>
<td>10</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$410.00</td>
<td>$53.9K</td>
<td>506</td>
<td>0</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a call option trade with neutral sentiment. It expires in 46 day(s) on May 17, 2024. Parties traded 50 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $28.5K, with a price of $570.0 per contract. There were 8427 open contracts at this strike prior to today, and today 5374 contract(s) were bought and sold. 
• For AGNC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>), we notice a put option sweep that happens to be bearish, expiring in 18 day(s) on April 19, 2024. This event was a transfer of 1083 contract(s) at a $10.00 strike. This particular put needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $33.5K, with a price of $31.0 per contract. There were 6710 open contracts at this strike prior to today, and today 3762 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on April 5, 2024. Parties traded 50 contract(s) at a $260.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.5K, with a price of $590.0 per contract. There were 1190 open contracts at this strike prior to today, and today 1830 contract(s) were bought and sold. 
• Regarding GL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>), we observe a call option trade with neutral sentiment. It expires in 18 day(s) on April 19, 2024. Parties traded 200 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $78.0K, with a price of $390.0 per contract. There were 349 open contracts at this strike prior to today, and today 243 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a call option trade that happens to be bearish, expiring in 46 day(s) on May 17, 2024. This event was a transfer of 100 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $45.5K, with a price of $456.0 per contract. There were 8620 open contracts at this strike prior to today, and today 242 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a call option sweep that happens to be bearish, expiring in 655 day(s) on January 16, 2026. This event was a transfer of 16 contract(s) at a $150.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $1575.0 per contract. There were 208 open contracts at this strike prior to today, and today 16 contract(s) were bought and sold. 
• Regarding JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we observe a call option trade with bearish sentiment. It expires in 291 day(s) on January 17, 2025. Parties traded 10 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $36.9K, with a price of $3698.0 per contract. There were 4458 open contracts at this strike prior to today, and today 14 contract(s) were bought and sold. 
• For ALL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), we notice a call option sweep that happens to be neutral, expiring in 109 day(s) on July 19, 2024. This event was a transfer of 10 contract(s) at a $150.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $2552.0 per contract. There were 117 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a call option sweep that happens to be bearish, expiring in 291 day(s) on January 17, 2025. This event was a transfer of 13 contract(s) at a $410.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $53.9K, with a price of $4150.0 per contract. There were 506 open contracts at this strike prior to today, and today 0 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AGNC

COIN

9 Financials Stocks Whale Activity In Today's Session

The shadow of escalating home insurance rates looms <a href="https://www.benzinga.com/money/best-insurance-stocks">over American homeowners. </a> A recent report by Insurify paints a worrying picture: a projected 6% increase in rates following a significant 19.8% hike over the past two years, pushing the average annual premium to $2,522 this year. 
States battered by severe weather face even steeper increases, with Louisiana leading the charge at an anticipated 23% rate surge.
These developments have propelled insurance-related stocks to their highest levels ever.
<h1 class="wp-block-heading">The Driving Forces Behind Soaring Rates</h1>
Several factors have contributed to this upward trajectory in home insurance costs. Climate catastrophes, coupled with inflation, left many homeowners in a precarious position, uncertain about future expenses. 
The Insurify report highlighted a striking average annual rate increase from $1,984 in 2021 to $2,377 in 2023, with a further 6% rise to $2,522 anticipated by the end of 2024. The specter of a devastating hurricane season only adds to concerns, potentially exacerbating rate increases into 2025.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37973448/more-than-a-third-of-gen-z-millennials-lean-on-family-support-for-home-purchases-ma">More Than A Third Of Gen Z, Millennials Lean On Family Support For Home Purchases: &#8216;Many Get Help From Mom And Dad,&#8217; Reveals Redfin</a>
<h1 class="wp-block-heading">State-Specific Insights</h1>
<ul>
<li>Florida&#8217;s Predicament: Homeowners in Florida bear the brunt of the insurance spike, with an average annual rate of $10,996 in 2023, projected to increase by 7% in 2024. The state&#8217;s vulnerability to hurricanes and severe weather events contributed significantly to this trend. </li>
<li>Louisiana&#8217;s Challenge: Following closely, Louisiana faced the highest projected increase at 23%, pushing the average rate to $7,809. The state&#8217;s exposure to severe weather risks was a key factor in this steep rise.</li>
</ul>
<h1 class="wp-block-heading">National Perspective: A Closer Look at the Numbers</h1>
The report underscored a broad national concern, with nearly 30% of American homeowners apprehensive about escalating rates. The data revealed a stark contrast across the country:
<ul>
<li>States such as Vermont enjoy relatively low rates, with an average annual payment of $918, compared to Florida&#8217;s staggering $10,996. </li>
<li>The trend was not uniformly dire, with states such as Alaska, Missouri, North Dakota, Texas and Washington seeing minimal to no increase, demonstrating the significant variability in insurance costs nationwide.</li>
</ul>
<h1 class="wp-block-heading">Weather Risks and Reinsurance Challenges</h1>
Severe weather risks, particularly in states such as Florida, Louisiana, Texas, Arkansas and Mississippi, are a major driver of insurance cost increases. 
The struggle to secure reinsurance coverage, exacerbated by an uptick in natural disasters and inflationary pressures, further complicated the situation. 
<a href="https://www.pmi.spglobal.com/Public/Home/PressRelease/1ed2224c655e44da9b2bbaa347a55475">Betsy Stella</a>, vice president at Insurify, noted the particularly acute challenge in Florida, where securing reinsurance coverage had become increasingly difficult.
"Reinsurance coverage has become difficult to secure in Florida, and reinsurance rates have skyrocketed. Reinsurers are subject to the same factors that impact underlying coverages: an increased number and severity of natural disasters, inflationary pressures and labor and materials shortages," the expert said. 
<h1 class="wp-block-heading">Economic Strain and Mitigation Strategies</h1>
The economic repercussions for homeowners are significant, with many facing financial strain. 
Approximately 60% of homeowners lack separate flood insurance, and a worrying percentage are under the misconception that their standard policies cover it. As damages from climate-induced events mount, the affordability and availability of home insurance come under strain, particularly in states such as Florida and Louisiana.
Homeowners could adopt several mitigation strategies to prepare for potential damages. From installing storm-resistant features such as impact windows and fortified roofs to comparing insurance quotes, there are ways to navigate the challenging insurance landscape. Moreover, some insurers offer discounts for homes equipped with these protective measures, potentially easing the financial burden on homeowners.
<h1 class="wp-block-heading">Insurance Stocks Rally</h1>
Stocks associated with insurance, monitored through the Invesco KBW Property &amp; Casualty Insurance ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KBWP#NASDAQ">KBWP</a>), saw a significant increase, surging by over 33% in the past year and advancing more than 20% since the beginning of the year, hitting record highs. 
Leading insurance firms like Progressive Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>), Allstate Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), and American International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) experienced substantial gains, with increases of 45%, 67% and 68%, respectively, in the past year. 
<h1 class="wp-block-heading">Chart: US Insurance Stocks Rally To Record Highs As Costs Soar</h1>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/01110141/image-2-1024x495.png" alt="" class="wp-image-272054" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/01110141/image-2-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/01110141/image-2-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/01110141/image-2-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/01110141/image-2-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/01110141/image-2.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38023142/nvidia-leads-tesla-lags-among-magnificent-seven-stocks-q1-market-shake-up">Nvidia Leads, Tesla Lags Among Magnificent Seven Stocks: Q1 Market Shake-Up</a>
Photo: Shutterstock

Piper Sandler analyst Paul Newsome 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 $172 to $188.

Piper Sandler Maintains Overweight on Allstate, Raises Price Target to $188

HSBC analyst Vikram Gandhi upgrades Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) from Hold to Buy and announces $190 price target.

Upgrades

HSBC Upgrades Allstate to Buy, Announces $190 Price Target

13 analysts have expressed a variety of opinions on Allstate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing 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;">6</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</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;">0</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>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</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 $172.31, a high estimate of $195.00, and a low estimate of $145.00. Witnessing a positive shift, the current average has risen by 16.64% from the previous average price target of $147.73.
<img src="https://www.benzinga.com/files/images/story/2024/1711389647_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of Allstate's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below 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>Alex Scott</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Meyer Shields</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$181.00</td>
<td>$171.00</td>
</tr>
<tr>
<td>Brian Meredith</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$185.00</td>
<td>$171.00</td>
</tr>
<tr>
<td>Elyse Greenspan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$145.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Jimmy Bhullar</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$172.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>C. Gregory Peters</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$180.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Michael Zaremski</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$158.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Brian Meredith</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$171.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Andrew Kligerman</td>
<td>TD Cowen</td>
<td>Announces</td>
<td>Outperform</td>
<td>$193.00</td>
<td>-</td>
</tr>
<tr>
<td>Yaron Kinar</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$180.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Alex Scott</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$164.00</td>
<td>$141.00</td>
</tr>
<tr>
<td>Michael Phillips</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$171.00</td>
<td>$117.00</td>
</tr>
<tr>
<td>Vikram Gandhi</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$145.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Allstate. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey 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>
For valuable insights into Allstate's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using 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 U.S. property and casualty insurers in the U.S. 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 10,000 company agencies.
<h3>Breaking Down Allstate's Financial Performance</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Allstate showcased positive performance, achieving a revenue growth rate of 8.68% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Allstate's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 9.84%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Allstate's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.3% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Allstate's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.43%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.5, caution is advised due to increased financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 13 Ratings For Allstate

Goldman Sachs analyst Alex Scott 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 $164 to $195.

Goldman Sachs Maintains Buy on Allstate, Raises Price Target to $195

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 1.94% on an annualized basis producing an average annual return of 14.98%. Currently, Allstate has a market capitalization of $42.86 billion. 
Buying $1000 In ALL: If an investor had bought $1000 of ALL stock 15 years ago, it would be worth $8,138.42 today based on a price of $162.91 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/2024/1710858624_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 $1000 Invested In Allstate 15 Years Ago Would Be Worth Today

Allstate's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) short percent of float has risen 22.67% since its last report. The company recently reported that it has 2.42 million shares sold short, which is 0.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.53 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/2024/1710357321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Allstate has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more 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 1.91%, 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

Looking Into Allstate's Recent Short Interest

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 3.12% on an annualized basis producing an average annual return of 17.36%. Currently, Allstate has a market capitalization of $42.25 billion. 
Buying $1000 In ALL: If an investor had bought $1000 of ALL stock 15 years ago, it would be worth $11,190.94 today based on a price of $160.59 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/2024/1709215219_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.

$1000 Invested In Allstate 15 Years Ago Would Be Worth This Much Today

Top Seeking Alpha Quant picks in Financial sector as earnings kick off

Wells Fargo analyst Elyse Greenspan maintained a Sell rating on Allstate (ALL – Research Report) today and set a price target of $146.00. The compa...

Wells Fargo Remains a Sell on Allstate (ALL)

Stocks likely to beat and miss their earnings expectations - BofA

Allstate: Strong Underwriting Margins, But Shares Due For A Breather

Allstate reports March catastrophe losses

Allstate (ALL – Research Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Michael Ward CFA from Cit...

Buy Rating Affirmed: Allstate's Resilience Amidst Catastrophe Losses Signals Positive Outlook

Wells Fargo analyst Elyse Greenspan maintained a Sell rating on Allstate (ALL – Research Report) yesterday and set a price target of $146.00. Elyse...

Allstate Sell Rating Justified by Q1 Catastrophe Losses and Capital Concerns

Analysts have been eager to weigh in on the Financial sector with new ratings on Western Alliance (WAL – Research Report), Allstate (ALL – Research...