Is Allstate (ALL) the Most Undervalued Stock to Invest In?

The Allstate Corporation (NYSE:ALL) is one of the 12 Most Undervalued Stocks to Invest In.

On May 21, 2026, The Allstate Corporation (NYSE:ALL) announced estimated catastrophe losses for April of $870M, or $687M after tax. The losses came from 10 wind and hail events, with approximately 70% tied to two events.

Earlier in May, Piper Sandler raised the firm’s price target on The Allstate Corporation (NYSE:ALL) to $268 from $252 and maintained an Overweight rating on the shares. Piper Sandler said Allstate beat the firm’s and consensus estimates, driven by better-than-expected favorable development. The firm noted that top-line growth was lower than expected, while total company year-over-year PIF growth slowed from the previous quarter and auto PIF growth accelerated.

Last month, The Allstate Corporation (NYSE:ALL) reported Q1 adjusted EPS of $10.65, ahead of the consensus estimate of $7.24. Revenue totaled $16.9B, compared with estimates of $17.29B. Tom Wilson said Allstate generated strong earnings and increased growth in the first quarter, with net income of $2.4 billion and policies in force reaching 212 million. Wilson also cited a strong Property-Liability combined ratio, improvement in the underlying combined ratio across all personal lines products and brands, and a 9.8% increase in investment income.

The Allstate Corporation (NYSE:ALL) provides property and casualty, and other insurance products in the United States and Canada.

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