Allstate (ALL) Price Target Lifted on Improving Earnings Visibility

1 day ago 3

Sheryar Siddiq

Tue, February 3, 2026 astatine 4:12 AM CST 1 min read

The Allstate Corporation (NYSE:ALL) ranks among the stocks with the lowest guardant PE ratios. On January 22, BMO Capital boosted its terms people for The Allstate Corporation (NYSE:ALL) to $249 from $244, retaining its Buy standing connected the security company. The revision increases BMO’s Allstate net per stock forecast tally complaint by 2% successful 2026/27.

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BMO ascribed the accrued people to little expected reinsurance costs pursuing reduced catastrophe nonaccomplishment rates successful the second fractional of 2025. Furthermore, The Allstate Corporation (NYSE:ALL) recorded large catastrophe losses of $209 cardinal successful the 4th quarter, which amounted to $165 cardinal station taxation. The losses totaled $46 cardinal successful November and $80 cardinal successful December.

BMO’s appraisal was besides influenced by accusation from reinsurance brokers showing double-digit drops successful spot catastrophe reinsurance costs astatine caller January 1 renewals.

The Allstate Corporation (NYSE:ALL) offers a assortment of security services and products, specified arsenic protection, health, and spot and casualty insurance. In addition, the institution offers user extortion plans, roadside assistance, and analytics solutions.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.