California State Teachers Retirement System 13F: Cuts ALL Stake by $2.6M

California State Teachers Retirement System (CalSTRS) trimmed its investment in The Allstate Corporation (NYSE: ALL), according to a recent 13F filing with the SEC. The fund sold 10,828 shares during the period, a 2.7% decrease in its total position. Following the move, CalSTRS held 389,068 shares of the insurance provider, a stake valued at approximately $93.83 million at the end of the reporting window.

CalSTRS Adjusts Allstate Position

The fund’s decision to pare back its holding follows a period where it had 399,896 shares. This small reduction suggests a slight rebalancing rather than a major shift in strategy, especially as other institutional investors have recently taken the opposite side of the trade. For example, the State of Wisconsin Investment Board and Swiss National Bank both grew their positions in May 2026, even as CalSTRS moved to trim its exposure. Because 13F filings are backward-looking, this data reflects holdings as of the reporting date and may not represent the fund's current portfolio today.

Allstate Stock Performance

On Saturday, Allstate shares were priced at $241.17. The stock has been trading in a broad range over the past year, with a low of $188.08 and a high of $277.22. At its current price, the stock is trading above its 200-day moving average of $223.80, which often suggests a positive long-term trend. The company currently has a market value of about $61.41 billion. With a P/E ratio — the price of a stock compared to its per-share earnings — of 4.86, the company is trading at a much lower multiple than many of its peers in the financial services sector.

Recent Earnings

In its most recent financial reporting, Allstate brought in $70.14 billion in revenue, representing growth of 11.8%. The company has been profitable, showing a net margin of 18.97% and a return on equity of 46.11%. Investors are watching to see if this growth continues when the company releases its next set of financial results on November 4, 2026.

Dividend

Allstate continues to return cash to its owners, paying an annual dividend of $4.32 per share. This results in a dividend yield of 1.73%. The company uses a small portion of its profits to fund these payments, with a dividend payout ratio of only 8.33% of its earnings. This low ratio suggests the company has significant flexibility to maintain or raise the payout in the future.

Analysts Set New Price Targets

Wall Street has grown somewhat cautious on the stock recently. On October 12, 2026, Wells Fargo upgraded the stock to an Equal-Weight rating but lowered its price target to $236.00. That same day, Keefe, Bruyette & Woods maintained an Underperform rating and cut its target to $232.00. Earlier in October, Mizuho and Barclays also lowered their price targets to $295.00 and $221.00, respectively. Currently, the average target among 22 analysts is $274.77, though ratings range from Sell to Outperform.

About Allstate

Allstate is a household name in the insurance world, providing auto, home, and commercial coverage across the United States and Canada. Beyond its standard insurance lines, the Northbrook, Illinois-based company has expanded into protection plans for consumer electronics and roadside assistance services. As the insurance market faces rising costs from natural disasters and auto repairs, institutional moves like this one from CalSTRS are closely watched for signs of how the largest professional investors view the sector's stability.

Investors should keep an eye on the November earnings report and future 13F filings to see if CalSTRS or other large funds continue to adjust their stakes. While the 13F provides a snapshot of the past, the upcoming financial results will offer a more current look at the company's health.