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Piper Sandler Maintains Overweight on Allstate (ALL) After Lower-Than-Expected Catastrophe Losses
AallstateAallstate(US:ALL) Yahoo Financeยท2025-10-02 05:53

Core Insights - The Allstate Corporation (NYSE:ALL) is recognized for its low beta stocks that can outperform market volatility, with Piper Sandler reaffirming an Overweight rating and a $225 price target on September 19 [1] Group 1: Catastrophe Losses and Policy Growth - Allstate's August catastrophe losses were lower than expected, contributing to a positive outlook [2] - The company experienced a year-over-year increase in policies-in-force (PIF), particularly in the auto segment, marking the fourth consecutive month of growth in auto policies [2] - Total policy growth showed a sequential acceleration from the previous month [2] Group 2: Earnings Projections - Piper Sandler raised its 2025 EPS projection for Allstate from $21.56 to $25.28, primarily due to lower-than-expected catastrophic losses in the quarter [3] - Allstate provides a range of insurance services, including protection, health, and property and casualty insurance, along with consumer protection plans and analytics solutions [3]