Mizuho Boosts Allstate (ALL) PT to $255 as New Insurance Models Confirm Outperform Rating

The Allstate Corporation (NYSE:ALL) is one of the best large cap value stocks to buy in 2026. On January 14, Mizuho raised the firm’s price target on Allstate to $255 from $254, while maintaining an Outperform rating on the shares. Following the end of the quarter, the firm updated its financial models for the insurance sector to reflect the latest data.

Wells Fargo also increased its price target on Allstate to $223 from $216 a day before Mizuho’s rating, while maintaining an Equal Weight rating on the stock. As the insurance sector enters its quarterly reporting period, the firm indicated that for property & casualty companies like Allstate, investors should focus on pricing strategies, loss trends, and reserve levels.

On January 12, TD Cowen downgraded The Allstate Corporation (NYSE:ALL) to Hold from Buy, while raising its price target to $231 from $224. The firm reported that the company faced intensifying competition for personal auto policies-in-force, which created growth headwinds. Allstate is under additional pressure due to a declining number of exclusive agents. TD Cowen also expects policy retention across the company’s book to continue falling, particularly as the non-standard auto insurance segment expands.

The Allstate Corporation (NYSE:ALL), together with its subsidiaries, provides property and casualty, and other insurance products in the US and Canada.

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Disclosure: None. This article is originally published at Insider Monkey.