Auto-Owners Insurance 13F: Exits U.S. Bancorp (USB) Stake

Auto-Owners Insurance completely closed out its investment in U.S. Bancorp NYSE: USB, selling its entire remaining stake during the period. The move was revealed in a Form 13F regulatory filing submitted to the Securities and Exchange Commission on October 15, 2026. Because 13F filings look backward at holdings from the close of the reporting quarter, these disclosures show past portfolio changes and may not reflect the investor's current positioning.Institutional filings from insurance funds and major managers offer a window into how large portfolios shift capital across the financial sector.

Inside Auto-Owners Insurance's U.S. Bancorp Trade

Auto-Owners Insurance sold out of its entire position, parting ways with 625000 shares of U.S. Bancorp. The complete exit reduced the fund's share count from 625000 down to zero, marking a 100.0% decrease in its holdings for this regional banking stock. Because this transaction was a total exit, the firm closed out a position that had previously given it exposure to the Minneapolis-based bank.

Other Institutional Activity in U.S. Bancorp

Other major institutional investors adjusted their positions in U.S. Bancorp during the reporting cycle. Blackrock Inc. reduced its holdings by 1232348 shares, ending the period with 127137222 shares valued at about $7466768989.0, or a 1.0% decrease. Vanguard Capital Management LLC grew its holdings by 413644 shares, ending with 101302511 shares worth about $5949496424.0, representing a 0.4% increase. State Street Corporation grew its holdings by 3727317 shares, ending with 73137322 shares worth about $4295354887.0, a 5.4% increase. JPMORGAN CHASE & CO reduced its holdings by 1998581 shares, ending with 59686029 shares worth about $3505360455.0, a 3.2% decrease. FMR, LLC reduced its holdings by 5888874 shares, ending with 51284661 shares worth about $3011948117.0, a 10.3% decrease.

U.S. Bancorp Stock Up 2.1%

U.S. Bancorp shares recently traded around $58.59 as of October 16, 2026. The stock sits below its 50-day moving average of $60.93 while trading above its 200-day moving average of $57.78. Over the past fifty-two weeks, shares have traded between a low of $45.02 and a high of $66.08.

Recent Earnings

U.S. Bancorp generated trailing-twelve-month revenue of $27886000128.0 with earnings of $5.14 per share. The company posted a net profit margin of 30.0% and a return on equity of 12.8%. The bank's next earnings report is expected on January 19, 2027.

Dividend

U.S. Bancorp pays an annual dividend rate of $2.16 per share, giving the stock a dividend yield of 3.76%. The company distributes 41.5% of its earnings as dividends to shareholders.

Insider Buying and Selling at U.S. Bancorp

Company insiders executed several transactions prior to the filing. Chief Technology Officer Venkatachari Dilip sold 34522 shares on May 5, 2026, at an average price of $55.52 for a total value of $1916661.0. Officer Stephen L. Philipson sold 36906 shares on July 20, 2026, at an average price of $63.08 for a total value of $2327920.0. General Counsel James L Chosy sold 22968 shares on July 23, 2026, at an average price of $63.28 for a total value of $1453415.0. Chief Executive Officer Gunjan Kedia sold 27267 shares on August 28, 2026, at an average price of $62.37 for a total value of $1700670.0. None of these transactions were reported under a Rule 10b5-1 plan.

Analysts Set New Price Targets

Analyst firms have updated their outlooks on U.S. Bancorp. On October 2, 2026, JP Morgan maintained a neutral rating with a price target of $65.00. UBS maintained a neutral rating on October 5, 2026, with a price target of $64.00. Raymond James maintained a strong buy rating on October 6, 2026, with a price target of $72.00. Later, on October 16, 2026, Citigroup maintained a buy rating with a target of $70.00, and DA Davidson maintained a buy rating with a target of $73.00. Across the broader analyst community, the stock holds a consensus buy rating with a mean price target of $68.45 across 22 analyst opinions.

About U.S. Bancorp

U.S. Bancorp operates as a financial services holding company providing banking, wealth management, and payment services to individuals and businesses across the United States. The bank manages its operations across several divisions, including consumer banking, commercial banking, and payment processing segments.

Bottom Line

Auto-Owners Insurance's complete exit from U.S. Bancorp illustrates how institutional portfolios continually rebalance their financial sector exposure. Investors tracking the stock should watch for the company's upcoming earnings report on January 19, 2027, alongside future regulatory filings to spot any shifts in institutional sentiment. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.