Workflow
Personal lines
icon
Search documents
Evercore ISI Downgrades The Allstate Corporation (ALL) from Outperform to In Line
Yahoo Financeยท 2025-10-08 14:10
Group 1 - The Allstate Corporation (NYSE:ALL) is recognized as one of the 13 Safest Stocks to Invest in, supported by hedge fund interest and a significant return on equity [1] - Evercore ISI downgraded The Allstate Corporation from Outperform to In Line with a price target of $233, citing restricted EPS upside of approximately 2.5% compared to over 4% previously [2] - Analysts believe The Allstate Corporation is overearning in vehicle insurance, with expectations of normalized margins in 2026-2027 and limited opportunities for estimate revisions [3] Group 2 - Evercore cautioned against additional rerating due to weaker earnings growth estimates, despite the stock being relatively cheap compared to historical values and competitors [4] - The Allstate Corporation reported August catastrophe losses of $213 million, or $168 million after taxes [4] - The company offers a range of insurance products, including personal lines, commercial, residential, and car insurance in the United States and Canada [5]