Allstate (ALL) Price Target Lifted on Improving Earnings Visibility

Group 1 - The Allstate Corporation (NYSE:ALL) has one of the lowest forward PE ratios among stocks, with BMO Capital raising its price target to $249 from $244 while maintaining a Buy rating [1][4] - BMO's revision is attributed to lower expected reinsurance costs due to reduced catastrophe loss rates in the latter half of 2025, with Allstate reporting major catastrophe losses of $209 million in Q4, amounting to $165 million post-tax [4][5] - The losses included $46 million in November and $80 million in December, and BMO noted double-digit drops in property catastrophe reinsurance costs at recent January 1 renewals [5] Group 2 - The Allstate Corporation provides a range of insurance services and products, including protection, health, property, casualty insurance, consumer protection plans, roadside assistance, and analytics solutions [5]