Allstate Corp expands stakes in AT&T, Caterpillar and General Dynamics

Allstate Corp increased its holdings in several large U.S. companies during the fourth quarter. The insurer raised its stake in AT&T Inc. by 104.2%, bringing its position to 537,639 shares worth about $13.36 million. It also boosted its ownership of Caterpillar Inc. by 108.3%, holding 35,732 shares valued at roughly $20.47 million. In the aerospace sector, Allstate lifted its position in General Dynamics Corporation by 111.2% to 17,323 shares, a holding worth about $5.83 million.

Separately, Flputnam Investment Management Co. expanded its investment in Caterpillar, adding 1,665 shares for a total of 18,246 shares valued at $10.45 million, a 10% increase in its stake.

These filings, disclosed through recent 13‑F reports to the U.S. Securities and Exchange Commission, reflect ongoing institutional reallocation toward industrial and communications firms.