Allstate

Goldman Sachs analyst Alex Scott maintains Allstate (NYSE:ALL) with a Buy and raises the price target from $128 to $141.

Allstate (NYSE:ALL) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.46 by 76.09 percent. This is a 151.92 percent increase over losses of $(1.56) per share from the same period last year. The company reported quarterly sales of $13.30 billion which beat the analyst consensus estimate of $13.18 billion by 0.94 percent. This is a 10.53 percent increase over sales of $12.04 billion the same period last year.

Allstate Reports Third Quarter 2023 Results Pursuing Health and Benefits divestiture NORTHBROOK, Ill.—-November 01, 2023– The Allstate Corporation (NYSE: ALL) today reported financial results for the third quarter of 2023. The Allstate Corporation Consolidated Highlights (1) —————————————————————————————— Three months ended Nine months ended September 30, September 30, ——————– —————————– ————————————- ($ in millions, except per share % / pts % / pts data and ratios) 2023 2022 Change 2023 2022 Change ——————– ——– ——– ——— ———— ———— ——— Consolidated revenues $14,497 $13,208 9.8% $ 42,262 $ 37,763 11.9% ——————– —— —— —– ——- ——- —– Net loss applicable to common shareholders (41) (685) (94.0) (1,776) (1,091) 62.8 ——————– —— —— —– ——- ——- —– per diluted common share (2) (0.16) (2.55) (93.7) (6.76) (3.99) 69.4 ——————– —— —— —– ——- ——- —– Adjusted net income (loss)* 214 (411) NM (1,290) 112 NM ——————– —— —— —– ——- ——- —– per

The Allstate Corp Q3 Earnings Summary Earnings: -$41 million in Q3 vs. -$685 million in the same period last year. EPS: -$0.16 in Q3 vs. -$2.55 in the same period last year. Excluding items, The Allstate Corp reported adjusted earnings of $214 million or $0.81 per share for the period. Revenue: $14.50 billion in Q3 vs. $13.21 billion in the same period last year.

Citigroup analyst Michael Ward maintains Allstate (NYSE:ALL) with a Buy and raises the price target from $135 to $156.

Morgan Stanley analyst Michael Phillips reiterates Allstate (NYSE:ALL) with a Equal-Weight and maintains $117 price target.