Bank of America 13F: Adds $144M to The Allstate (ALL) Stake
Bank of America has increased its position in Allstate, raising its holdings to 7.9 million shares valued at $1.91 billion.
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Bank of America added 596,321 shares to its stake in The Allstate Corporation ($ALL), an 8.15% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 7,913,320 shares worth $1.91 billion at the end of the quarter.
Since the filing, $ALL is down 3.8% after 1 week, up 0.7% after 1 month and up 13.1% to date (from the $219.14 close on May 18, 2026).
ALL
The Allstate Corporation
Key Points
- Bank of America boosted its stake in Allstate Corporation (NYSE: ALL) by 596,321 shares, bringing its total to 7.91 million shares valued at approximately $1.91 billion as of May 18, 2026.
- Bank of America held 7,913,320 $ALL shares at quarter end, up 8.15% from the prior quarter.
- The stock is currently trading at $241.17, significantly above its 52-week low of $188.08, indicating a recovery in value since earlier lows.
- Analysts have mixed opinions on Allstate, with a consensus rating of 'hold' and a mean price target of $274.77, suggesting cautious optimism in the stock's future performance.
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Bank of America Boosts Stake in Allstate Corporation
Bank of America has increased its stake in The Allstate Corporation (NYSE: ALL) by 596,321 shares, raising its holdings to approximately 7.91 million shares valued at $1.91 billion as of May 18, 2026. This move reflects a growth of about 8.15% in its position, which is notable in the competitive insurance market.
What Changed in Bank of America's Position
Bank of America's recent filing shows it added 596,321 shares to its existing position, growing its total from about 7.32 million shares to 7.91 million shares. This increase highlights the bank's continued confidence in Allstate's performance and prospects.
Institutional Activity Around Allstate
No other funds reported changes in their positions for Allstate at this time, leaving Bank of America as a key player in the current institutional landscape for this stock.
How The Allstate Corporation Stock Has Traded
Allstate shares are trading at $241.17, which is above the 52-week low of $188.08. This price indicates a recovery from earlier losses and suggests that investor sentiment may be improving. The stock has seen fluctuations in recent months, making this increase in holdings by Bank of America significant as it reflects a positive outlook on the company's future.
Analysts Set New Price Targets
On October 12, 2026, Wells Fargo upgraded its rating on Allstate to 'Equal-Weight' with a price target of $236, down from $250. Keefe, Bruyette & Woods maintained an 'Underperform' rating with a target of $232, while Mizuho kept its 'Outperform' rating but lowered its target to $295 from $300. Overall, analysts have a consensus rating of 'hold' for Allstate, with a mean price target of $274.77, reflecting a cautious but optimistic view on the stock's potential.
What The Allstate Corporation Does
The Allstate Corporation offers a wide range of property and casualty insurance products in the U.S. and Canada. Known for its auto and homeowners insurance, it also provides various consumer protection plans. This recent boost in Bank of America's holdings underscores the insurer's relevance in the financial services sector as it navigates market challenges.
What's Ahead for The Allstate Corporation
Investors will be watching Allstate closely, especially with its next earnings report scheduled for November 4, 2026. The recent 13F filing reflects past holdings and may not represent current positions. Continued institutional interest could signal growing confidence in Allstate's recovery and future performance.
Related Filing Alerts
Source: Bank of America's 13F filing on $ALL (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts