California State Teachers Retirement System 13F: Cuts ALL Stake by $2.4M
CalSTRS trims its position in Allstate, reflecting a 2.7% decrease in shares.
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California State Teachers Retirement System sold 10,828 shares from its stake in The Allstate Corporation ($ALL), a 2.71% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 389,068 shares worth $85.25 million 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).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
ALL
The Allstate Corporation
Key Points
- California State Teachers Retirement System trimmed its Allstate position by 10,828 shares, reducing its stake to 389,068 shares valued at about $85.3 million as of May 18, 2026.
- Allstate shares closed at $219.12 on the day of publication, down from a previous close of $249.83, indicating a significant drop in value.
- Analysts have mixed views on Allstate, with a consensus rating of 'hold' and a mean price target of $274.77 from 22 analysts.
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California State Teachers Retirement System Trims Stake in Allstate
California State Teachers Retirement System has reduced its stake in The Allstate Corporation (NYSE: ALL) by 10,828 shares, bringing its total to 389,068 shares. This change represents a 2.7% decrease in its position, valued at approximately $85.3 million as of May 18, 2026.
What Changed in CalSTRS' Position
The fund trimmed its holdings from 399,896 shares to 389,068 shares. The reduction of 10,828 shares reflects a shift in its investment strategy, as it adjusts its portfolio.
Analysts Set New Price Targets
On October 12, 2026, Wells Fargo upgraded Allstate to an Equal-Weight rating with a price target of $236. This comes alongside other firms maintaining their ratings, including Keefe, Bruyette & Woods, which keeps an Underperform rating with a target of $232. Mizuho maintains an Outperform rating with a target of $295, reflecting a range of opinions on the stock's future performance.
Stock Performance Context
Allstate's shares closed at $219.12 on the publication date, down from $249.83 in the previous session, showing a notable decline in value. The stock trades significantly below its 52-week high of $277.22, which may indicate a challenging market environment for the company.
What ALL Does
The Allstate Corporation provides property and casualty insurance products in the U.S. and Canada. It operates through various segments, offering a range of insurance products and services. The recent trimming of shares by CalSTRS suggests a reevaluation of its investment in Allstate amidst changing market conditions.
What's Ahead for ALL
Investors will be watching for Allstate's next earnings report scheduled for November 4, 2026. The recent 13F filing reflects CalSTRS' holdings as of May 18, and may not represent its current position. As more funds adjust their stakes, the market will likely react to these changes in sentiment.
Related Filing Alerts
Source: California State Teachers Retirement System'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: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts