Allstate Corp., US0200021014

KBW keeps Sell rating: Allstate stock gains 3.76 percent

Published on 10/23/2026 at 11:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KBW kept Sell and set USD 232.00 on October 16, 2026. Allstate stock costs EUR 230.45 on October 23, 2026, 3.76 percent above Xetra close.

Insurance risks and dates

KBW set a USD 232.00 target on October 16, 2026.
September catastrophe losses totaled USD 220.00 million before tax.
Allstate stock trades at EUR 230.45 at 11:10 a.m. CEST at Lang & Schwarz on October 23, 2026, 3.76 percent above the Xetra close of October 22, 2026.

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The Allstate Corporation (US0200021014) stock trades at EUR 230.45 at Lang & Schwarz on October 23, 2026, at 11:10 a.m. CEST, 3.76 percent above the Xetra close of October 22, 2026, at EUR 222.10. The latest analyst move came from Keefe, Bruyette & Woods, which kept its Sell rating and set a USD 232.00 target on October 16, 2026, according to Business Insider.

Catastrophe losses shape the quarter

Allstate announced estimated September catastrophe losses of USD 220.00 million before tax, or USD 173.00 million after tax, in a release dated October 15, 2026. Total catastrophe losses for the third quarter reached USD 1.65 billion before tax and USD 1.30 billion after tax, according to Allstate.

The loss disclosure gives investors a clear counterweight to Allstate's second-quarter operating figures. Revenue reached USD 18.60 billion in the second quarter of 2026, up 11.80 percent from USD 16.55 billion a year earlier, while quarterly earnings per share came to USD 8.99 versus USD 6.06 expected, according to MarketBeat.

What does the target mix imply?

The USD 232.00 KBW target sits below the broader USD 270.19 average target from 22 analysts. MarketBeat reported three Sell ratings, nine Holds, eight Buys and two Strong Buys on October 21, 2026, leaving the average recommendation at Hold. The spread shows why catastrophe costs and underwriting results matter more than a single target.

Three dated signals for investors

On August 5, 2026, Allstate reported second-quarter revenue of USD 18.60 billion and earnings per share of USD 8.99, according to MarketBeat. On October 15, 2026, the company disclosed USD 220.00 million in September catastrophe losses. On October 16, 2026, KBW set its USD 232.00 target.

Results arrive on November 4

Allstate scheduled its third-quarter 2026 earnings release for November 4, 2026, after 4:15 p.m. ET, followed by the earnings call on November 5, 2026, at 9:00 a.m. ET, according to Allstate.

Stock weighs targets against risk

At EUR 230.45, the Lang & Schwarz quote is EUR 8.35 above the EUR 222.10 Xetra close, while the insurer's latest catastrophe disclosure keeps claims costs central to the next earnings review. The further course of trading is shown by the continuously updated real-time quote of Allstate stock.