Y-Intercept (Hong Kong) 13F: New $58M Stake in The Allstate (ALL)
Y-Intercept has entered a new position in Allstate, acquiring 262,728 shares valued at about $58.3 million.
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Y-Intercept (Hong Kong) opened a new position of 262,728 shares in The Allstate Corporation ($ALL), according to a 13F filing with the SEC dated October 16, 2026. It reported 262,728 shares worth $58.29 million at the end of the quarter.
Find the original: Y-Intercept (Hong Kong) 13F filings on SEC EDGAR
ALL
The Allstate Corporation
Key Points
- Y-Intercept acquired 262,728 shares of Allstate Corporation, marking a new position in its portfolio valued at approximately $58.3 million.
- The stock recently traded around $243.45, which is 1.6% below its 50-day moving average and 12.2% below its 52-week high.
- Allstate has a forward P/E ratio of 8.8, and analysts have a mean price target of $269.27 for the stock.
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Y-Intercept (Hong Kong) has entered a new position in The Allstate Corporation (NYSE: ALL) with a filing on October 16, 2026. The fund acquired 262,728 shares valued at about $58.3 million, reflecting a significant addition to its portfolio.
What Changed in Y-Intercept's Allstate Position
Y-Intercept took a new position in Allstate, acquiring 262,728 shares. This marks the first time the fund has invested in this stock, as it didn't hold any shares prior to this filing.
Other Institutional Activity in Allstate
Several other institutional investors have also adjusted their positions in Allstate. Blackrock Inc. grew its stake by 971,859 shares, bringing its total to 22,860,586 shares valued at approximately $5.67 billion. Meanwhile, State Street Corporation added 250,110 shares to its holdings, which now total 12,510,392 shares worth about $3.10 billion. Franklin Resources, Inc. increased its position by 673,860 shares, totaling 8,696,007 shares valued at around $2.16 billion.
The Allstate Corporation Stock Up 1.6%
As of October 16, 2026, Allstate shares are trading at around $243.45. This price is about 1.6% below the 50-day moving average of $247.47 and 12.2% off the 52-week high of $277.22. The stock is currently above its 52-week low of $188.08 by about 29.4%.
Recent Earnings
For its latest fiscal year, Allstate reported a total revenue of approximately $70.1 billion, with a trailing twelve-month EPS of $49.98. The company has shown a revenue growth of 11.8% year-over-year and a net margin of 19.0%. The next earnings report is expected on November 4, 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.
Insider Buying and Selling at The Allstate Corporation
Recent insider trades included Mark Q. Prindiville, who sold 1,550 shares at an average price of $216.27 on May 22, 2026, totaling roughly $335,226. Director Andrea Redmond also sold 2,225 shares on June 1, 2026, for about $451,475. Additionally, John E. Dugenske sold 32,996 shares on August 7, 2026, valued at approximately $8.9 million, and Mario Rizzo sold 56,225 shares on August 11, 2026, totaling about $14.9 million.
Analysts Set New Price Targets
On October 6, 2026, Morgan Stanley maintained an Equal-Weight rating on Allstate with a target price of $240. Mizuho also maintained an Outperform rating, reducing its target slightly to $295. Barclays kept its Underweight rating, lowering the target to $221. Meanwhile, Wells Fargo upgraded its stance to Equal-Weight with a target of $236. Overall, analysts have set a mean price target of $269.27 for Allstate, with 22 opinions collected.
About Allstate
The Allstate Corporation, headquartered in Northbrook, Illinois, provides property and casualty insurance in the U.S. and Canada. It operates in several segments, including Allstate Protection and Protection Services. The company has approximately 53,000 employees and is a significant player in the financial services sector.
Bottom Line
Y-Intercept's new investment in Allstate highlights its strategy shift as it sold out of other positions, including Howmet Aerospace and The Progressive Corporation, earlier on the same day. Investors should keep an eye on Allstate's upcoming earnings report on November 4, 2026, for further insights into its performance. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.
Related Filing Alerts
Source: Y-Intercept (Hong Kong)'s 13F filing on $ALL (Oct 16, 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: Y-Intercept (Hong Kong) 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts