Evercore ISI Downgrades The Allstate Corporation (ALL) from Outperform to In Line

The Allstate Corporation (NYSE:ALL) is one of the 13 Safest Stocks to Invest in Now, supported by hedge fund interest and significant return on equity.

With a price target of $233, Evercore ISI downgraded The Allstate Corporation (NYSE:ALL) from Outperform to In Line on October 1. The investment firm noted restricted EPS upside of roughly 2.5% compared to over 4% earlier, citing a more balanced risk-reward profile as the primary cause for the downgrade.

Furthermore, the analysts now believe The Allstate Corporation (NYSE:ALL) is overearning in vehicle insurance, who also pointed out normalized margins in 2026-2027 and a smaller opportunity for estimate revisions.

Evercore cautioned against additional rerating given weaker earnings growth estimates, even if the stock is still cheap in comparison to historical values, Progressive, and equal-weight S&P. The Allstate Corporation (NYSE:ALL) recently disclosed August catastrophe losses of $213 million or $168 million after taxes.

Through agents, contract centers, and online platforms, The Allstate Corporation (NYSE:ALL) offers personal lines, commercial, residential, and car insurance products in the United States and Canada. It is one of the Safest Stocks To Buy.

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