Keefe, Bruyette & Woods (KBW) Reiterates $246 PT and Outperform Rating on The Allstate Corporation (ALL)

With significant upside potential, The Allstate Corporation (NYSE:ALL) secures a spot on our list of the 20 NYSE Stocks with the Lowest P/E Ratios.

Keefe, Bruyette & Woods (KBW) reiterated The Allstate Corporation’s (NYSE:ALL) $246 price target and Outperform rating on September 19, 2025, as the insurer expanded its core auto business and continued recovering from recent weather-related setbacks.

The Allstate Corporation (NYSE:ALL) reported that despite suffering $213 million in catastrophic losses in August, primarily from wind and hailstorms, it was still able to grow its customer base. By the end of August, The Allstate Corporation (NYSE:ALL) had approximately 38 million insurance policies in total, including 25.3 million vehicle policies (up 1% year-over-year) and 7.6 million residential policies (up 2.1%). Despite ongoing challenges from extreme weather events, KBW cited steady policy growth and reduced expected future losses as reasons for its positive outlook on the company.

Through agents, contact centers, and digital channels, The Allstate Corporation (NYSE:ALL) provides personal lines, commercial, homeowners, and auto insurance products in the U.S. and Canada. The company is organized into five business segments. It is one of the Stocks with Low PE Ratio.

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