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NORTHBROOK, Ill. - The Allstate Corporation (NYSE:ALL), a $51 billion market cap insurer with a GREAT financial health score according to InvestingPro, announced Tuesday that its board of directors has approved a quarterly dividend of $1.00 per share on its common stock, representing a 2.04% yield. The dividend will be paid in cash on October 1, 2025, to stockholders of record as of August 29, 2025. This continues the company’s impressive 33-year streak of maintaining dividend payments, with 14 consecutive years of increases.
The announcement comes as part of the insurance provider’s regular quarterly dividend distribution. Allstate, known for providing protection for automobiles, homes, electronic devices, and identities, distributes its products through various channels including Allstate agents, independent agents, major retailers, online platforms, and workplace offerings. According to analysis available on InvestingPro, the company currently appears undervalued, presenting a potential opportunity for value investors.
The company made the announcement via a press release statement, which noted that financial information and material announcements about The Allstate Corporation are routinely posted on the company’s investor relations website.
Allstate Corporation is one of the largest publicly held personal lines property and casualty insurers in the United States. The company operates across the country providing insurance protection to millions of customers.
In other recent news, Allstate Corporation has been the focus of several analyst updates and corporate developments. Keefe, Bruyette & Woods maintained their Outperform rating on Allstate, with a price target of $235, despite adjusting their earnings per share estimates for 2025 and 2026 due to higher catastrophe losses. They introduced a 2027 earnings estimate at $22.35, indicating continued growth expectations. Similarly, BMO Capital Markets reiterated their Outperform rating and $230 price target, noting a slight shortfall in Allstate’s April Policy in Force numbers compared to expectations, yet expressing optimism about the company’s growth trajectory.
The annual stockholders meeting of Allstate resulted in the election of thirteen directors and the approval of executive compensation and accounting firm appointments, as per the company’s SEC filing. This meeting included the ratification of Deloitte & Touche LLP as the independent registered public accountant for 2025. Additionally, Allstate reported significant catastrophe losses in April, totaling $594 million, which contribute to a year-to-date figure of $2.8 billion.
Despite these challenges, analysts from both Keefe, Bruyette & Woods and BMO Capital Markets maintain a positive outlook on Allstate’s performance, focusing on potential growth in policy numbers and strategic adjustments in the company’s reporting practices. Investors are keeping a close watch on Allstate as it navigates market expectations and seasonal trends in the insurance sector.
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