Keefe, Bruyette & Woodd's on Allstate (ALL): 'Modest February CATs'

Keefe, Bruyette & Woods analyst Tommy McJoynt reiterated an Outperform rating and $260.00 price target on Allstate (NYSE: ALL).

The analyst comments "This morning, ALL announced February catastrophe losses of $140 million ($111 million, after-tax). ALL's auto PIF rose by 3.0% y/y, above January's 2.6% increase (December: +2.3%; November: +1.7%; October: +1.7%;); we expect the higher February auto PIF count vs. January to boost the shares today. We raise our 2026E/2027E EPS to $26.60/$26.80 from $25.85/ $26.05, reflecting higher 2026E auto PIF growth, earned premium, and lower catastrophe losses; we model $1,052 million (previously $1,303 million) for 1Q26, leaving plenty of room for March. We maintain our $260 (9.7x our 2027E EPS) target price and our Outperform rating."

For an analyst ratings summary and ratings history on Allstate click here. For more ratings news on Allstate click here.

Shares of Allstate closed at $204.07 yesterday.

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