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.

While we acknowledge the potential of ALL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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