Is Allstate Corporation Stock Outperforming the S&P 500?

Is Allstate Corporation Stock Outperforming the S&P 500?

Wed, September 9, 2026 at 4:55 PM GMT+3 2 min read

• ALL -0.71%
• ^GSPC -0.58%

The Allstate Corporation (ALL), headquartered in Northbrook, Illinois, provides property and casualty, and other insurance products. Valued at $65.6 billion by market cap, the company sells private passenger automobile and homeowners insurance through independent and specialized brokers, as well as life insurance, annuity, and group pension products through agents.

Companies worth $10 billion or more are generally described as "large-cap stocks," and ALL perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the property & casualty insurance industry. Allstate's diversified portfolio and strong brand equity provide a solid foundation, while its efficient supply chain and operational excellence drive profitability.

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Despite its notable strength, ALL slipped 8.6% from its 52-week high of $277.22, achieved on Jul. 29. Over the past three months, ALL stock gained 17.9%, outperforming the S&P 500 Index's ($SPX) 3.6% gains during the same time frame.

Shares of ALL rose 21.8% on a YTD basis and climbed 26.5% over the past 52 weeks, outperforming SPX's YTD gains of 12.1% and 18.1% returns over the last year.

To confirm the bullish trend, ALL has been trading above its 200-day moving average over the past year, with some fluctuations. However, the stock has been trading below its 50-day moving average recently.

ALL has comfortably outperformed the broader market, anchored by stellar fundamental execution across its business. Earlier rate hikes restored profitability to its core auto segment, while strong premium growth, lower catastrophe losses, and robust investment income benefiting from higher interest rates boosted overall margins.

On Aug. 5, ALL reported its Q2 results, and its shares closed up by 4% in the following trading session. Its adjusted EPS of $8.99 exceeded Wall Street expectations of $5.76. The company's revenue stood at $18.6 billion, up 11.8% year over year.

ALL's rival, The Progressive Corporation (PGR) shares have lagged behind the stock, with a 5.6% downtick on a YTD basis and 12.6% losses over the past 52 weeks.

Wall Street analysts are reasonably bullish on ALL's prospects. The stock has a consensus "Moderate Buy" rating from the 25 analysts covering it, and the mean price target of $274.17 suggests a potential upside of 8.2% from current price levels.

On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com