T. Rowe Price (NASDAQ: ROOT) holds 1,185,073 shares, 8.6% stake
Rhea-AI Filing Summary
T. Rowe Price Investment Management, Inc. amends a Schedule 13G to report beneficial ownership of 1,185,073 shares of Root Inc./OH - Class A common stock, representing 8.6% of the class. The filing lists 1,180,492 shares as sole voting power and 1,185,073 shares as sole dispositive power. The amendment is signed by Ellen York, Vice President, dated 05/15/2026.
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Insights
Large active position disclosed: 1,185,073 shares (8.6%) reported.
The filing shows an institutional holder reporting 1,185,073 shares beneficially owned with sole voting and dispositive authority for nearly the entire stake. This level of ownership is large enough to be monitored by shareholders and governance watchers for potential engagement.
Disclosure is an amendment to a prior filing; timing of any changes in position is not stated here. Subsequent filings will show trades or plan changes if they occur.
Voting and disposition control concentrated with T. Rowe Price.
The report attributes 1,180,492 shares of sole voting power and 1,185,073 shares of sole dispositive power to the filer, indicating unilateral ability to vote and dispose of the reported shares. The filing includes an explicit denial of beneficial ownership in the text.
Observers should note the filing type (Schedule 13G/A) and the 8.6% threshold; this is a passive/investment manager disclosure characteristic rather than an activist schedule, per the filing's presentation.