Stifel Financial 13F: Adds $1.9M to The Allstate (ALL) Stake
Stifel Financial increased its position in Allstate by 4.78%, reflecting confidence in the insurer.
Reviewed by automated data checks against the source filing. How we make and check alerts
Stifel Financial added 8,046 shares to its stake in The Allstate Corporation ($ALL), a 4.78% increase, according to a 13F filing with the SEC dated May 12, 2026. It reported 176,522 shares worth $42.57 million at the end of the quarter.
Since the filing, $ALL is up 4.2% after 1 week, up 2.4% after 1 month and up 16.1% to date (from the $213.45 close on May 12, 2026).
Find the original: Stifel Financial 13F filings on SEC EDGAR
ALL
The Allstate Corporation
Key Points
- Stifel Financial increased its stake in The Allstate Corporation by 4.78%, adding 8,046 shares to hold a total of 176,522 shares worth $39.55 million.
- Allstate's stock trades near $224.07 with a market cap of $57.06 billion and a P/E ratio of 4.90.
- Analysts have mixed ratings, with recent price targets ranging from $208 to $268, and the consensus suggests a 'buy' recommendation.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated The Allstate Corporation alert may contain errors. Disclosures
Stifel Financial has increased its position in The Allstate Corporation (NYSE:ALL) by 4.78%, according to a recent Form 13F filing with the SEC. The financial firm added 8,046 shares during the reporting period, bringing its total holdings to 176,522 shares valued at approximately $39.55 million.
What Changed in Stifel Financial's Allstate Position
Stifel Financial expanded its stake in Allstate from 168,476 shares to 176,522 shares, reflecting an addition of 8,046 shares. This move represents a 4.78% increase in their holdings, which are now valued at around $39.55 million.
Other Institutional Activity in Allstate
BlackRock, Inc. reduced its position in Allstate by 580,247 shares, ending with 21,889,106 shares worth approximately $4.54 billion. Vanguard Capital Management LLC added 16,879,864 shares, bringing its total to the same number with a value of about $3.50 billion. Similarly, Vanguard Portfolio Management LLC also added 13,649,711 shares, matching its total holdings at that value. State Street Corp slightly trimmed its position by 37,618 shares, holding a total of 12,259,933 shares valued at $2.55 billion. Meanwhile, Franklin Resources Inc. increased its stake by 3,014,768 shares, totaling 8,022,317 shares worth $1.66 billion.
The Allstate Corporation Stock Up 0.7%
Shares of NYSE:ALL traded near $224.07. The Allstate Corporation has a market cap of approximately $57.06 billion and a P/E ratio of 4.90. The stock's 52-week range has been between $188.08 and $227.62. Its 50-day moving average is $215.71, while the 200-day moving average is $207.59. The company has a beta of 0.192, indicating lower volatility compared to the market.
Recent Earnings
The Allstate Corporation reported revenue of $68.17 billion, with a modest growth rate of 3%. The company achieved a net margin of 17.81% and a return on equity of 45.22%. The next earnings report is scheduled for 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 pays an annual dividend of $4.32 per share, yielding 1.94% based on its current share price. The dividend payout ratio stands at 9.03%.
Insider Buying and Selling at The Allstate Corporation
On June 5, 2026, Eric Ferren, SVP, Controller, and CAO, sold 245 shares and bought the same amount, with an additional sale of 72 shares at an average price of $221.01. On June 4, 2026, Andrea Carter sold 4,025 shares and bought the same number, with another sale of 1,654 shares at $210.84.
Analysts Set New Price Targets
On June 8, 2026, Keefe, Bruyette & Woods downgraded Allstate to a 'hold' rating with a price target of $242. Previously, on May 7, they maintained a 'buy' rating with a target of $266. Wells Fargo, on May 6, maintained a 'hold' rating with a $243 target. The consensus among 22 analysts is a 'buy' recommendation with a mean target price of $240.55.
About The Allstate Corporation
The Allstate Corporation, based in Northbrook, Illinois, is a leading provider of property and casualty insurance in the United States and Canada. Founded in 1931, it operates through segments like Allstate Protection, Protection Services, and Run-off Property-Liability. The company offers a range of insurance products, including auto, home, and identity protection, and engages in non-insurance operations such as telematics and roadside assistance. Led by CEO Thomas Joseph Wilson II, Allstate employs around 53,000 people.
Bottom Line
Stifel Financial's recent increase in its Allstate stake highlights confidence in the insurance giant. While 13F filings are backward-looking, they offer insight into institutional sentiment. Investors keep an eye on such moves to gauge market trends and potential opportunities, though they should not be seen as direct investment advice.
Related Filing Alerts
Source: Stifel Financial's 13F filing on $ALL (May 12, 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: Stifel Financial 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts