Auto-Owners Insurance 13F: Cuts Alphabet (GOOG) Stake by $83M

Auto-Owners Insurance trimmed its investment in Alphabet Inc. GOOG, cutting its holdings by 52.4% during the period. According to a Form 13F filing submitted to the Securities and Exchange Commission on October 15, 2026, the firm sold 242567 shares of the internet giant. The fund ended the period with 219974 shares, valued at about $74953948.0. Keep in mind that 13F filings are backward-looking and show holdings as of the end of the reporting quarter, meaning they might not reflect the fund's exact current stance today.## What Changed in Auto-Owners Insurance's Alphabet Position

The insurer dialed back its exposure to Alphabet Inc. by shedding more than half of its shares. The fund dropped its prior count of 462541 shares down to 219974 shares. This reduction follows a pattern of portfolio adjustments by the firm, which also recently exited other major stock positions entirely.

Other Institutional Activity in Alphabet

Blackrock Inc. grew its holdings by 5179352 shares, ending with 369922502 shares worth about $124630591503.0. Vanguard Capital Management LLC grew its holdings by 4684905 shares, ending with 306936860 shares worth about $103410098626.0. State Street Corporation grew its holdings by 5200249 shares, ending with 190923442 shares worth about $64324017543.0. JPMORGAN CHASE & CO grew its holdings by 18019925 shares, ending with 137833254 shares worth about $46437402109.0. FMR, LLC grew its holdings by 13396599 shares, ending with 121958993 shares worth about $41089204778.0.

Alphabet Inc. Stock Down 2.0%

Alphabet shares recently traded around $336.72 as of October 16, 2026. The stock sits about 1.6% below its 50-day moving average of $342.14 and roughly 0.6% below its 200-day moving average of $338.86. Over the past year, the stock has traded as low as $244.67 and as high as $404.47. Analysts tracked by the company maintain a consensus strong buy rating with a mean price target of $420.79.

Recent Earnings

Alphabet reported trailing twelve-month revenue of $445865984000.0 and earnings of $19.93 per share. The company posted a net profit margin of 54.8% and a return on equity of 48.7%. Alphabet's next earnings report is scheduled for October 28, 2026.

Dividend

Alphabet pays an annual dividend yielding 0.26%, backed by a dividend payout ratio of 4.3%.

Insider Buying and Selling at Alphabet Inc.

Officer Marsida Saraci sold 449 shares on July 29, 2026, at an average price of $333.20 for a total value of $149607.0. Director Frances H. Ph.D. Arnold sold 82 shares on July 30, 2026, at an average price of $333.39 for a total value of $27338.0. Director Frances H. Ph.D. Arnold later sold another 82 shares on August 28, 2026, at an average price of $337.71 for a total value of $27692.0. None of these transactions were made under a Rule 10b5-1 trading plan.

Analysts Set New Price Targets

On July 23, 2026, JP Morgan maintained its overweight rating while lowering its price target from $460.00 to $420.00. TD Cowen reiterated a buy rating with a $475.00 price target on July 23, 2026. TD Cowen later maintained a buy rating while raising its target to $485.00 on October 8, 2026. UBS maintained a neutral rating while nudging its target from $379.00 to $380.00 on October 14, 2026. On October 15, 2026, JP Morgan maintained an overweight rating and raised its price target to $425.00.

About Alphabet

Alphabet Inc. operates internet search, cloud computing, advertising, and hardware businesses worldwide. Its core offerings include search engines, mobile operating systems, streaming video platforms, and enterprise cloud services that power much of the modern digital economy.

Bottom Line

Investors will watch Alphabet's upcoming earnings release on October 28, 2026, for fresh updates on revenue and profit margins. Because 13F filings look backward at past quarters, market participants often check newer price targets and insider trades to gauge recent sentiment.