Swiss National Bank Adds $11M in The Allstate Corporation ($ALL)
The bank added 46,200 shares, raising its stake to 767,900 shares in Allstate.
Key Points
- Swiss National Bank raised its stake in The Allstate Corporation by 6.4%, adding 46,200 shares to reach a total of 767,900 shares.
- Allstate's stock traded near $235.44 on Friday, with a market cap of about $59.6 billion and a P/E ratio of 5.1.
- Recent insider activity at Allstate included both buys and sells, while analysts set varied price targets, reflecting diverse opinions.
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Swiss National Bank has boosted its position in The Allstate Corporation (NYSE:ALL) by 6.4%, according to its latest SEC filing on May 7, 2026. The bank added 46,200 shares, bringing its total holdings to 767,900 shares, valued at approximately $180.8 million as of the reporting period.
Swiss National Bank vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Swiss National Bank's Allstate Position
Swiss National Bank increased its holdings in Allstate by 46,200 shares, a 6.4% rise from its previous 721,700 shares. The total value of its position now stands at about $180.8 million.
Other Institutional Activity in Allstate
In the latest quarter, BlackRock, Inc. reduced its Allstate holdings by 580,247 shares, ending with 21,889,106 shares worth around $4.54 billion, marking a 2.6% decrease. Vanguard Capital Management LLC opened a new position with 16,879,864 shares valued at approximately $3.5 billion. Similarly, Vanguard Portfolio Management LLC initiated a stake with 13,649,711 shares worth about $2.83 billion. State Street Corp trimmed its holdings slightly by 37,618 shares, maintaining 12,259,933 shares valued at $2.55 billion. Meanwhile, Franklin Resources Inc increased its stake significantly by 3,014,768 shares, a 60.2% jump, totaling 8,022,317 shares valued at $1.66 billion.
The Allstate Corporation Stock Down 7.5%
Shares of NYSE:ALL traded near $235.44 on Friday. The Allstate Corporation has a market capitalization of approximately $59.6 billion and a P/E ratio of 5.1. The stock's 52-week range spans from $188.08 to $237.10, with a 50-day moving average of $217.17 and a 200-day moving average of $208.20. The company's beta is relatively low at 0.192, indicating less volatility compared to the market.
$ALL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Allstate reported revenues of $68.17 billion, reflecting a growth rate of 3%. The company posted an EPS of $45.21, with a net margin of 17.8% and a return on equity of 45.2%. The next earnings release 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 offers an annual dividend rate of $4.32, yielding 1.87% with a payout ratio of 9%. The company's strong financials support its consistent dividend payments.
Insider Buying and Selling at The Allstate Corporation
On June 5, 2026, Eric Ferren, SVP, Controller, and CAO, sold 245 shares and later bought the same amount. He also sold 72 shares at an average price of $221.01. Andrea Carter sold 4,025 shares on June 4, 2026, and another 1,654 shares at $210.84, also buying 4,025 shares on the same day.
Analysts Set New Price Targets
On June 8, 2026, Keefe, Bruyette & Woods downgraded Allstate to a hold rating with a $242 price target. Previously, on May 7, they maintained a buy rating with a $266 target. Wells Fargo maintained a hold rating on May 6 with a $243 target. The consensus among analysts is a buy, with an average target price of $240.86 from 22 opinions.
About The Allstate Corporation
The Allstate Corporation, based in Northbrook, Illinois, is a leading provider of property and casualty insurance in the U.S. and Canada. The company operates through segments like Allstate Protection and Protection Services, offering a range of insurance products and services, including auto, home, and commercial insurance. Led by CEO Thomas Joseph Wilson II, Allstate employs about 53,000 people.
Bottom Line
The Swiss National Bank's increase in Allstate shares reflects its continued confidence in the insurance giant. Investors often follow 13F filings to gauge institutional sentiment, although these reports are backward-looking and may not represent current positions. Allstate's solid financial performance and analyst ratings suggest varied outlooks, highlighting the importance of comprehensive research before making investment decisions.
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