State of Wisconsin Investment Board Adds $827K in The Allstate Corporation ($ALL)
The State of Wisconsin Investment Board raised its Allstate holdings by 2.37%, reflecting confidence in the insurer.
Key Points
- The State of Wisconsin Investment Board increased its stake in Allstate by 2.37%, adding 3,429 shares for a total of 147,901 shares valued at $35.67 million.
- Allstate, trading near $241.17 on Wednesday, has a market cap of $61.25 billion and a P/E ratio of 5.26.
- Insiders like Eric Ferren and Andrea Carter recently transacted shares, while analysts have set varied price targets, with a consensus recommendation of 'buy'.
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The State of Wisconsin Investment Board boosted its holdings in The Allstate Corporation (NYSE:ALL) by adding 3,429 shares. This increase brings its total to 147,901 shares, valued at approximately $35.67 million, as reported in its latest Form 13F filing with the SEC for the period ending on May 15, 2026.
State of Wisconsin Investment Board vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in State of Wisconsin Investment Board's Allstate Position
The State of Wisconsin Investment Board increased its stake in Allstate by 2.37%, raising its share count from 144,472 to 147,901. This move reflects a continued interest in the insurance giant, with the total value of the holdings reaching $35.67 million.
Other Institutional Activity in Allstate
Other major funds have also been active in Allstate. BlackRock, Inc. reduced its position by 580,247 shares, ending with 21,889,106 shares valued at about $4.54 billion, marking a 2.6% decrease. Vanguard Capital Management LLC opened a new position with 16,879,864 shares worth around $3.5 billion. Similarly, Vanguard Portfolio Management LLC initiated a new stake, acquiring 13,649,711 shares valued at $2.83 billion. State Street Corp slightly trimmed its holdings by 37,618 shares, maintaining 12,259,933 shares worth $2.55 billion. Franklin Resources Inc increased its position by 3,014,768 shares, now holding 8,022,317 shares valued at approximately $1.66 billion, a 60.2% increase.
The Allstate Corporation Stock Down 7.1%
On Wednesday, shares of Allstate traded near $241.17. The company boasts a market cap of $61.25 billion and a P/E ratio of 5.26. With a beta of 0.192, Allstate has shown stability in the market. The stock's 52-week range spans from $188.08 to $242.67, with moving averages of $218.14 over 50 days and $208.61 over 200 days. Allstate's financial health is indicated by a current ratio of 0.364 and a quick ratio of 0.236.
$ALL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Allstate reported revenues of $68.17 billion, reflecting a 3% growth. The company's earnings per share stand at $45.21, with a net margin of 17.81% and a return on equity of 45.22%. Investors can expect the next earnings release on August 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 44.7%. Revenue beat estimates by 11.1%.
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Profit surprise
Operating income beat by 40 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
4 target raises.
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Earnings quality
Gross margin up 26.7 points. Operating margin up 14.5 points. Negative free cash flow.
Earnings Call Summary
Allstate delivered a strong first quarter with total revenue of $16.9 billion, up 3 percent, and adjusted earnings of $10.65 per share, beating consensus of $7.43. The property liability combined ratio improved to 82 percent, driven by strong underwriting performance and favorable reserve releases from 2023 and 2024. Management highlighted gaining auto insurance market share in 29 states representing 57 percent of premiums and homeowners market share reaching 8.3 percent nationally. They emphasized their multi-lever strategy for growth including pricing sophistication, product innovation, improved customer experience and effective claims management, rather than competing solely on price. Investment income grew nearly 10 percent to $938 million. The company returned $881 million to shareholders through repurchases and dividends, completing a $1.5 billion repurchase program and launching a new $4 billion authorization.
Guidance Management did not provide explicit financial guidance for full year 2026 or next quarter. They discussed strategic plans to manage pricing, expenses and distribution across 39 states with a balanced approach of rate increases in 16 states and decreases in 23 states, resulting in net neutral rate impact. They emphasized their Rubik's cube operating model to balance growth and profitability through multiple levers beyond pricing.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
Allstate offers an annual dividend rate of $4.32, yielding 1.82%. The dividend payout ratio is 9.03%, providing a consistent return to shareholders.
Insider Buying and Selling at The Allstate Corporation
Recent insider transactions at Allstate included Eric Ferren, SVP, Controller, and CAO, who sold 72 shares at an average price of $221.01 on June 5, 2026, and Andrea Carter, who sold 1,654 shares at $210.84 on June 4, 2026. These transactions were not part of a planned trading program.
Analysts Set New Price Targets
On June 8, 2026, Keefe, Bruyette & Woods downgraded Allstate to a 'hold' with a price target of $242. Previously, on May 7, they maintained a 'buy' rating with a $266 target. Wells Fargo and Citigroup have both maintained 'hold' ratings with targets of $243 and $226, respectively. The consensus among 22 analysts is a 'buy', with an average price target of $240.86.
About The Allstate Corporation
The Allstate Corporation is a major player in the insurance industry, providing property and casualty insurance across the United States and Canada. Headquartered in Northbrook, Illinois, and led by CEO Thomas Joseph Wilson II, Allstate employs approximately 53,000 people. The company operates through various segments including Allstate Protection and Protection Services, offering a wide range of insurance products and services.
Bottom Line
The State of Wisconsin Investment Board's decision to increase its stake in Allstate suggests confidence in the company's prospects. Allstate's stable market performance and robust financial metrics make it a key focus for investors. As always, remember that 13F filings are historical and may not reflect the current position of the fund.
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