Allstate Soars 5.25% on Buyback Plan, Analyst Upgrades

The Allstate Corporation (NYSE:ALL) saw a 5.25% rise in pre-market trading on April 14, 2025, indicating a positive start to the day's trading session.

Analysts have recently adjusted their price targets and ratings for Allstate. Keefe, Bruyette & Woods lowered their target price from $240.00 to $228.00, maintaining an "outperform" rating. Barclays reduced their price objective from $183.00 to $172.00, assigning an "underweight" rating. JPMorgan Chase & Co. increased their price target from $217.00 to $222.00, with an "overweight" rating. Evercore ISI upgraded Allstate from an "in-line" to an "outperform" rating, while Argus and StockNews.com both upgraded their ratings to "buy."

Allstate's Board of Directors approved a stock buyback plan on February 26th, allowing the company to repurchase $1.50 billion in shares. This move suggests that the board believes the stock is undervalued. Additionally, CFO Jesse E. Merten sold 40,102 shares on February 10th, reducing his ownership by 68.88%. Institutional investors have also been active, with several firms acquiring new stakes in Allstate during the fourth quarter.