William Blair analyst Adam Klauber has maintained their bullish stance on ALL stock, giving a Buy rating on April 25.
Adam Klauber has given his Buy rating due to a combination of factors that indicate Allstate’s strong potential for future performance. The company’s first-quarter earnings per share significantly exceeded expectations, coming in at $3.53 compared to the consensus estimate of $2.52. This outperformance was largely driven by improvements in auto insurance profitability, marking the seventh consecutive quarter of enhanced auto underwriting income.
Furthermore, the core auto loss ratio showed a notable improvement, dropping to 69.6% from 74.9% in the previous year, which surpassed both the analyst’s forecast and market expectations. This positive trend suggests that Allstate is on track to achieve earnings levels much higher than current consensus estimates for 2025, potentially reaching closer to Klauber’s own projection. Additionally, growth indicators such as an increase in auto policies in force and a rise in auto applications across all channels further support the optimistic outlook for Allstate’s stock.
In another report released on April 25, Morgan Stanley also maintained a Buy rating on the stock with a $225.00 price target.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALL in relation to earlier this year.