Citigroup cuts target for Allstate stock from USD 240.00 to USD 215.00
Published on 10/06/2026 at 16:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Allstate Corp. (ISIN US0200021014) received a fresh valuation signal when Citigroup cut its price target from USD 240.00 to USD 215.00 in a note dated October 2, 2026, as reported by MarketBeat. The firm retained a sell rating, putting underwriting volatility back at the center of the valuation debate.
Target cut sharpens the valuation test
Citigroup's USD 215.00 target sits USD 9.68 below the USD 224.68 NYSE quote available on October 6, 2026 at 10:17 a.m. EDT. That gap makes the October target cut materially different from the broader analyst picture, where MarketBeat reported a USD 264.00 consensus target and an overall Hold rating on October 2, 2026.
The next scheduled report is November 4, 2026, with third-quarter earnings per share consensus at USD 6.46, according to TradingView. The date gives investors a defined test for whether catastrophe costs are offsetting premium and investment income growth.
Quarterly profit beat the estimate
Allstate's second-quarter 2026 revenue reached USD 18.60 billion, up 11.80 percent from the same quarter a year earlier. Earnings per share came in at USD 8.99 versus a USD 6.06 consensus estimate, a USD 2.93 difference, according to MarketBeat.
The earnings comparison is important because the latest target cut does not erase the operating improvement shown in the quarter. It does, however, place greater weight on claims costs and the timing of the next earnings release.
Catastrophe losses add pressure
Allstate estimated August catastrophe losses at USD 748.00 million before tax and USD 591.00 million after tax in a September 17, 2026 release carried by MarketScreener. The losses came from 21 events, with 50.00 percent tied to one wind and hail event.
That cost is the clearest counterweight to the second-quarter earnings beat. For the stock, the November report therefore has two measurable reference points: USD 6.46 in expected earnings per share and the claims burden disclosed for August.
NYSE quote and November report
Allstate was trading at USD 224.68 on the NYSE on October 6, 2026 at 10:17 a.m. EDT, compared with a previous close of USD 224.71. Its market capitalization was USD 57.8 billion and its 52-week range was USD 188.08 to USD 277.22, both as of October 6, 2026.
The further course of trading is shown by the continuously updated real-time quote of Allstate stock.
Allstate stock facts
- Company: The Allstate Corporation
- ISIN: US0200021014
- Ticker: ALL
- Primary exchange: NYSE
- Market capitalization: USD 57.8 billion (as of October 6, 2026)
- 52-week range: USD 188.08-277.22 (as of October 6, 2026)
- Sector / Industry: Financial Services / Property and Casualty Insurance
- Index membership: S&P 500
- Next earnings date: November 4, 2026
