Ameriprise Financial Boosts Stake in Allstate

Institutional investor increases holdings in insurance provider by 20% in Q3

Mar. 17, 2026 at 7:08am

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Ameriprise Financial Inc. grew its stake in The Allstate Corporation (NYSE:ALL) by 20% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The fund now owns 1,662,652 shares of the insurance provider's stock, representing approximately 0.64% of Allstate's outstanding shares.

Why it matters

Ameriprise's increased investment in Allstate signals confidence in the insurance company's performance and growth prospects. As one of the largest personal lines property and casualty insurers in the U.S., Allstate's financial health is closely watched by institutional investors.

The details

According to the 13F filing, Ameriprise Financial purchased an additional 276,751 shares of Allstate during the third quarter, bringing its total holdings to 1,662,652 shares. The fund now owns approximately 0.64% of Allstate's outstanding stock, valued at $356,956,000 as of the end of the quarter.

  • Ameriprise Financial increased its Allstate stake in the third quarter of 2026.

The players

Ameriprise Financial Inc.

A diversified financial services firm that provides wealth management, asset management, and insurance products and services.

The Allstate Corporation

One of the largest personal lines property and casualty insurers in the United States, providing auto, homeowners, life, and other insurance products.

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The takeaway

Ameriprise's increased investment in Allstate reflects the insurance company's strong financial performance and growth potential, as well as Ameriprise's confidence in Allstate's ability to navigate the evolving insurance market.