Allstate Has Outperform Rating on Allstate (ALL)

The Allstate Corporation (NYSE:ALL) is one of the 13 Deep Value Stocks to Buy Right Now.

Keefe Bruyette analyst Meyer Shields increased his target price on Allstate by 2.4% to $260 (from $254) and retained his Outperform call on the stock. This target price update comes on the heels of the release of Allstate’s Q4 2025 earnings report on February 4.

The release was headlined by rapid earnings growth, with net income attributable to common shareholders jumping 100.3% YoY. The strong growth was driven primarily by a ~5 to 6 percentage-point improvement in the company’s underlying and catastrophe loss ratios for both its auto and homeowners’ insurance segments.

Volume also played a role (albeit a smaller one), as reduced prices for clients and expanded distribution channels led to modest growth in policies in force. As a result of the strong quarter, Allstate’s board approved a quarterly common dividend of $1.08 per share.

For 2026, Allstate’s management plans to improve customer value by further rationalizing prices and rolling out its Custom360 offering. They also intend to further expand their distribution by broadening their network of independent sales agents. Finally, they are looking to retire their legacy systems and deploy a new, AI-enabled technology system.

The Allstate Corporation (NYSE:ALL) is a property and casualty insurance provider for automobiles and houses. The company is based in Northbrook, Illinois, and was founded in April 1931.