Cigna Investments Inc. New Has $517,000 Stock Position in The Allstate Co. (NYSE:ALL)

Cigna Investments Inc. New trimmed its holdings in shares of The Allstate Co. (NYSE:ALL) by 2.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,679 shares of the insurance provider’s stock after selling 61 shares during the period. Cigna Investments Inc. New’s holdings in Allstate were worth $517,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Peterson Wealth Services raised its position in Allstate by 8.5% during the fourth quarter. Peterson Wealth Services now owns 1,379 shares of the insurance provider’s stock valued at $266,000 after buying an additional 108 shares during the period. Axecap Investments LLC increased its position in Allstate by 5.7% in the 4th quarter. Axecap Investments LLC now owns 18,879 shares of the insurance provider’s stock worth $3,640,000 after purchasing an additional 1,010 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Allstate in the 4th quarter worth about $53,000. Essex Financial Services Inc. increased its position in Allstate by 2.8% in the 4th quarter. Essex Financial Services Inc. now owns 9,188 shares of the insurance provider’s stock worth $1,771,000 after purchasing an additional 250 shares during the last quarter. Finally, Sapient Capital LLC increased its position in Allstate by 1.6% in the 4th quarter. Sapient Capital LLC now owns 4,543 shares of the insurance provider’s stock worth $880,000 after purchasing an additional 73 shares during the last quarter. 76.47% of the stock is owned by institutional investors and hedge funds.

Allstate Price Performance

Shares of NYSE:ALL opened at $186.57 on Tuesday. The Allstate Co. has a 1-year low of $153.87 and a 1-year high of $209.88. The firm has a market capitalization of $49.40 billion, a PE ratio of 10.98, a PEG ratio of 1.47 and a beta of 0.52. The business’s 50 day moving average is $192.41 and its 200-day moving average is $189.19. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 0.42.

Allstate (NYSE:ALL) last announced its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $7.67 earnings per share for the quarter, topping the consensus estimate of $5.40 by $2.27. Allstate had a return on equity of 28.20% and a net margin of 7.28%. Sell-side analysts predict that The Allstate Co. will post 18.64 earnings per share for the current year.

Allstate Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, November 29th were given a dividend of $0.92 per share. The ex-dividend date was Friday, November 29th. This represents a $3.68 annualized dividend and a dividend yield of 1.97%. Allstate’s dividend payout ratio (DPR) is presently 21.66%.

Analysts Set New Price Targets

Several research analysts have weighed in on ALL shares. UBS Group upped their target price on Allstate from $216.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group upped their target price on Allstate from $209.00 to $230.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Barclays dropped their target price on Allstate from $187.00 to $183.00 and set an “underweight” rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group increased their price objective on Allstate from $231.00 to $267.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Piper Sandler increased their price objective on Allstate from $206.00 to $244.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $218.13.

About Allstate

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in five segments: Allstate Protection; Protection Services; Allstate Health and Benefits; Run-off Property-Liability; and Corporate and Other segments.