Allstate Corp., US0200021014

Barclays cut target for Allstate stock from USD 226.00 to USD 221.00

Published on 10/08/2026 at 16:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit USD 18.60 billion, up 11.80 percent year over year. Allstate stock costs EUR 201.75 on October 8, 2026 versus EUR 201.15.

Key points in brief

Barclays cut its Allstate target from USD 226.00 to USD 221.00 on October 7, 2026.
Second-quarter revenue reached USD 18.60 billion, up 11.80 percent year over year.
Allstate stock was trading at EUR 201.75 at Lang & Schwarz on October 8, 2026, plus 0.30 percent versus EUR 201.15.

Aquarell-Gemälde Chicago Skyline mit Willis Tower und Spiegelung im Michigansee — Allstate Corp. US0200021014 Aquarell-Illustration der Chicagoer Skyline mit dem markanten Willis Tower am Michigansee, Illustration mit AI erstellt.

Allstate Corp. (ISIN US0200021014) was trading at EUR 201.75 at Lang & Schwarz on October 8, 2026 at 4:32 p.m. CEST, plus 0.30 percent versus the prior close of EUR 201.15 on October 7, 2026. Barclays cut its Allstate target from USD 226.00 to USD 221.00 on October 7, 2026, according to Markets Insider.

Three events shape the setup

For the quarter ended June 30, 2026, Allstate reported USD 18.60 billion in revenue and USD 3.27 billion in consolidated net income, according to Business Quant.

On September 17, 2026, Allstate announced estimated August catastrophe losses of USD 748.00 million before tax, or USD 591.00 million after tax, across 21 events, according to Allstate Newsroom. On October 7, 2026, Barclays lowered its target by USD 5.00 to USD 221.00 while keeping an Underweight rating, according to Markets Insider.

What does the target cut change?

The USD 5.00 reduction equals 2.21 percent of the former USD 226.00 target. The change came in a third-quarter earnings preview, while Barclays cited favorable life-insurance conditions including asset-management tailwinds, mortality trends and stabilizing spreads, according to Markets Insider.

The counterweight is the catastrophe burden. Allstate said July and August losses totaled USD 1.43 billion before tax, with USD 1.13 billion after tax, making weather exposure a concrete variable for third-quarter earnings.

Results dates are already set

Allstate is scheduled to release its third-quarter 2026 results after 4:15 p.m. ET on November 4, 2026, and hold the earnings call at 9:00 a.m. ET on November 5, 2026, according to StockTitan. Those dates put the next report directly after a quarter with USD 18.60 billion of revenue and a fresh catastrophe-loss update.

Stock stays below its yearly high

Allstate's Lang & Schwarz quote stood at EUR 201.75 on October 8, 2026 at 4:32 p.m. CEST, plus 0.30 percent versus the prior close of EUR 201.15 on October 7, 2026. The 52-week range on the primary NYSE listing was USD 188.08 to USD 277.22, while market capitalization was USD 58.3 billion as of October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Allstate stock.