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Northbrook Today
By the People, for the People
Bank of Montreal Can Increases Stake in Allstate
The institutional investor now owns 493,111 shares of the insurance provider's stock.
Mar. 12, 2026 at 7:20am
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Bank of Montreal Can has increased its stake in The Allstate Corporation (NYSE:ALL) by 15.5% in the third quarter, according to a recent Form 13F filing with the Securities & Exchange Commission. The institutional investor now owns 493,111 shares of the insurance provider's stock, worth approximately $105.8 million.
Why it matters
This move by Bank of Montreal Can signals increased confidence in Allstate's performance and growth potential. As a major institutional investor, Bank of Montreal Can's stake increase could influence other investors' perceptions of Allstate and drive further investment in the stock.
The details
According to the filing, Bank of Montreal Can purchased an additional 66,097 shares of Allstate during the third quarter, bringing its total ownership to approximately 0.19% of the insurance provider's outstanding shares.
- Bank of Montreal Can increased its stake in Allstate during the third quarter of 2026.
The players
Bank of Montreal Can
A Canadian multinational banking and financial services company.
The Allstate Corporation
A major American insurance company headquartered in Northbrook, Illinois.
The takeaway
This investment by a prominent institutional investor like Bank of Montreal Can suggests that Allstate's stock may continue to be an attractive option for investors seeking exposure to the insurance sector.
