Allstate Corp., US0200021014

Piper Sandler keeps USD 300 target for Allstate stock

Published on 10/02/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Allstate reported USD 748 million in August catastrophe losses. Allstate stock trades at EUR 197.98 on October 2, 2026 versus EUR 199.60.

Draufsicht auf Autoschlüssel, Hausschlüssel, Versicherungspolice und Aktienzertifikat auf Marmor — Allstate Corp. US0200021014 Flatlay mit Auto- und Hausschlüssel, Versicherungspolice und Aktienzertifikat auf Marmor, Illustration mit AI erstellt.

Allstate stock (ISIN US0200021014) is trading at EUR 197.98 at Lang & Schwarz on October 2, 2026, down 0.81 percent from the prior close of EUR 199.60. Piper Sandler maintained a Buy rating and a USD 300.00 price target for Allstate in a report dated September 28, 2026, according to Markets Insider.

Weather losses reshape the near-term picture

Allstate announced estimated August catastrophe losses of USD 748 million before tax and USD 591 million after tax on September 17, 2026. The company said the losses came from 21 catastrophe events, as reported in the Allstate Newsroom.

July and August combined catastrophe losses reached USD 1.43 billion before tax and USD 1.13 billion after tax. That figure gives the analyst target a clear counterweight: underwriting strength is being tested by the cost of severe weather during the third quarter.

Second-quarter earnings set a high bar

For the second quarter of 2026, Allstate reported revenue of USD 18.60 billion and earnings per share of USD 8.99, versus USD 6.06 consensus, according to MarketBeat. Revenue increased 11.80 percent year over year, while earnings per share exceeded consensus by USD 2.93.

The latest operating figures explain why the USD 300.00 target remains materially above the current euro quote, but the catastrophe update shifts attention toward claims costs and quarterly earnings quality. TradingView lists November 4, 2026 as Allstate's next report date for the third quarter of 2026, according to TradingView.

Allstate stock remains below its yearly high

The primary listing is on the New York Stock Exchange, where Allstate traded under ticker ALL. The stock's 52-week range was USD 188.08 to USD 277.22, and market capitalization stood at USD 57.6 billion on October 2, 2026.

At Lang & Schwarz, Allstate was trading at EUR 197.98 at 4:12 p.m. CEST on October 2, 2026, down 0.81 percent versus the Lang & Schwarz prior close of EUR 199.60 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Allstate stock.