Vanguard Trims Allstate Stake to 12.4% as of Dec 29, 2023

TL;DR

**Vanguard slightly cut its Allstate stake to 12.4% as of year-end.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of 32,719,540 shares of Allstate Corp common stock as of December 29, 2023. This represents a 12.4% beneficial ownership stake, a slight decrease from its previous filing. This matters to investors because Vanguard is a significant institutional holder, and changes in its position can signal shifts in its outlook on Allstate's future performance, potentially influencing other investors.

Why It Matters

This filing shows Vanguard, a major institutional investor, slightly reduced its stake in Allstate, which could be interpreted as a minor shift in its investment strategy or outlook for the company.

Risk Assessment

Risk Level: low — A minor adjustment by a large institutional investor like Vanguard typically doesn't pose a significant immediate risk to the stock.

Analyst Insight

Investors should note that a major institutional holder like Vanguard slightly adjusted its position. While not a strong buy or sell signal, it's worth monitoring future filings for more significant changes in institutional ownership, which could indicate a stronger shift in sentiment.

Key Numbers

• 32,719,540 — Shares Beneficially Owned (Represents Vanguard's total ownership of Allstate common stock as of December 29, 2023.)
• 12.4% — Beneficial Ownership Percentage (Indicates Vanguard's significant stake in Allstate, making it a major institutional shareholder.)
• 0 — Sole Voting Power (Vanguard holds no sole voting power over these shares, indicating they are likely held on behalf of clients.)
• 327,195 — Shared Voting Power (Vanguard has shared voting power over a portion of its holdings.)
• 32,392,345 — Sole Dispositive Power (Vanguard has the power to sell or direct the sale of a large portion of its holdings independently.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Allstate Corp/The (company) — issuer of the common stock
• 32,719,540 (dollar_amount) — total shares beneficially owned by Vanguard
• 12.4% (dollar_amount) — percentage of Allstate's common stock beneficially owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A amendment

Forward-Looking Statements

• Vanguard will maintain a significant, albeit potentially fluctuating, stake in Allstate Corp. (The Vanguard Group) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• tv0233-allstatecorpthe.htm (SC 13G/A) — 11KB
• 0001104659-24-020230.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Allstate Corp/The

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 3100 Sanders Road Northbrook, IL 60062

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 020002101

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR