BlackRock Amends Allstate Stake, Signals Ownership Change
Ticker: ALL-PJ · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 899051
| Field | Detail |
|---|---|
| Company | Allstate Corp (ALL-PJ) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, insurance, passive-investing
Related Tickers: ALL
TL;DR
**BlackRock just updated its Allstate holdings, watch for market reaction.**
AI Summary
BlackRock, Inc. has filed an Amendment No. 10 to its Schedule 13G for ALLSTATE CORP, indicating a change in its beneficial ownership as of December 31, 2023. This filing, made on January 26, 2024, updates their previous disclosures regarding their holdings in Allstate's Common Stock. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future performance, potentially influencing other investors' decisions and the stock price.
Why It Matters
Large institutional investors like BlackRock often influence market sentiment; their updated holdings can be a bellwether for Allstate's stock performance.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal high risk, but rather a change in ownership percentage.
Analyst Insight
Investors should monitor subsequent filings (like a 13F) or news from BlackRock to understand the specific nature of the change in their Allstate holdings, as this 13G/A only indicates an amendment to their ownership without detailing the exact percentage or share count.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person filing the SC 13G/A
- ALLSTATE CORP (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the date the filing was made
- Amendment No: 10 (number) — the specific amendment number to the Schedule 13G
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, specifically Amendment No. 10, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person in this filing is BlackRock, Inc., a company with a Central Index Key (CIK) of 0001364742.
What company's securities are the subject of this filing?
The securities are those of ALLSTATE CORP, identified by the CUSIP Number 020002101 and CIK 0000899051.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
When was this specific amendment filed with the SEC?
This specific amendment (Amendment No. 10) was filed with the SEC on January 26, 2024, as indicated by the 'FILED AS OF DATE' and 'DATE AS OF CHANGE'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding ALLSTATE CORP (ALL-PJ).