Is Wall Street Bullish or Bearish on Allstate Stock?

With a market cap of $53.9 billion, Northbrook, Illinois-based The Allstate Corporation (ALL) is the third-largest property-casualty insurer and the largest publicly-held personal lines carrier in the U.S. It offers a wide range of insurance and investment products to households in the U.S. and Canada through various channels, including exclusive agencies and online platforms.

The insurer's shares have outperformed the broader market over the past 52 weeks. ALL has surged 49.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 31%. In 2024, ALL shares are up 45.7%, compared to SPX’s 25.2% gain on a YTD basis.