Mizuho Lowers Allstate (ALL) Price Target to $265

The Allstate Corporation (NYSE:ALL) is one of the 15 Set-It-and-Forget-It Stocks to Buy in 2026.

On March 20, 2026, Mizuho lowered the price target on The Allstate Corporation (NYSE:ALL) from $281 to $265 and kept an Outperform rating on the stock.

Prior to this, on March 19, 2026, The Allstate Corporation (NYSE:ALL) announced estimated catastrophe losses of $140 million ($111 million after-tax) for February 2026. This brought the year-to-date total to $315 million, or $249 million after tax. Despite these losses, The Allstate Corporation (NYSE:ALL) saw steady growth in its Allstate Protection segment. Total policies in force reached 38.4 million – a 2.5% increase year-over-year. With a 3% annual rise to 25.6 million policies, Auto insurance is the primary contributor, while homeowners policies grew 2.5%, reaching 7.7 million. On the other hand, commercial lines saw a decline of 10.2% compared to February 2025.

As of March 25, 2026, the company has a Buy rating on its stock from 14 of the 28 analysts followed by CNN. The analyst price targets lead to a 1-year median upside potential of 18.90%.

Founded in 1931, The Allstate Corporation (NYSE:ALL) is a leading American insurance company with headquarters in Illinois. The company specializes in providing auto, home, and life insurance through multiple distribution channels.

READ NEXT: 10 Best Space Exploration Stocks to Buy According to Analysts and 10 Best Diagnostics and Research Stocks to Buy According to Analysts

Disclosure: None.  Follow Insider Monkey on Google News.