Allstate Corp Has $6.13 Million Position in Moody's Corporation $MCO

Key Points

• Allstate Corp more than doubled its stake in Moody’s during the fourth quarter, boosting holdings by 105.6% to 11,990 shares valued at about $6.13 million.
• Several other institutional investors also adjusted positions in Moody’s, and the stock remains heavily owned by institutions and hedge funds at 92.11% of outstanding shares.
• Moody’s reported better-than-expected quarterly EPS of $4.33 and raised FY 2026 guidance to $16.40–$17.00 EPS, while analysts currently rate the stock a Moderate Buy with an average target price of $544.29.

Allstate Corp grew its position in Moody's Corporation (NYSE:MCO - Free Report) by 105.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,990 shares of the business services provider's stock after buying an additional 6,158 shares during the quarter. Allstate Corp's holdings in Moody's were worth $6,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MCO. Sivia Capital Partners LLC acquired a new position in Moody's during the 2nd quarter worth approximately $267,000. Federated Hermes Inc. increased its position in Moody's by 15.5% during the 2nd quarter. Federated Hermes Inc. now owns 10,916 shares of the business services provider's stock worth $5,475,000 after purchasing an additional 1,461 shares in the last quarter. NewEdge Advisors LLC increased its position in Moody's by 6.2% during the 2nd quarter. NewEdge Advisors LLC now owns 1,468 shares of the business services provider's stock worth $736,000 after purchasing an additional 86 shares in the last quarter. CIBC Asset Management Inc increased its position in Moody's by 3.8% during the 2nd quarter. CIBC Asset Management Inc now owns 25,303 shares of the business services provider's stock worth $12,692,000 after purchasing an additional 929 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Moody's by 0.4% during the 2nd quarter. Treasurer of the State of North Carolina now owns 72,615 shares of the business services provider's stock worth $36,423,000 after purchasing an additional 280 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Moody's from $600.00 to $560.00 and set an "overweight" rating for the company in a research report on Thursday, February 19th. Bank of America restated a "buy" rating and issued a $565.00 price target on shares of Moody's in a research report on Wednesday, April 22nd. Morgan Stanley decreased their price target on shares of Moody's from $526.00 to $489.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 7th. Mizuho decreased their price target on shares of Moody's from $524.00 to $521.00 and set a "neutral" rating for the company in a research report on Tuesday, April 28th. Finally, Weiss Ratings cut shares of Moody's from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $544.29.

Insiders Place Their Bets

In other news, CEO Robert Fauber sold 1,467 shares of the company's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $466.39, for a total value of $684,194.13. Following the sale, the chief executive officer directly owned 75,189 shares of the company's stock, valued at approximately $35,067,397.71. This represents a 1.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Richard G. Steele sold 158 shares of the company's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $466.39, for a total transaction of $73,689.62. Following the completion of the sale, the senior vice president directly owned 2,143 shares in the company, valued at approximately $999,473.77. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 8,680 shares of company stock worth $3,952,188. Insiders own 0.14% of the company's stock.

Moody's Trading Up 0.6%

NYSE:MCO opened at $452.03 on Wednesday. The firm's fifty day moving average is $444.46 and its 200-day moving average is $472.04. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.16 and a current ratio of 1.16. Moody's Corporation has a 52 week low of $402.28 and a 52 week high of $546.88. The firm has a market cap of $78.97 billion, a P/E ratio of 32.40, a P/E/G ratio of 2.42 and a beta of 1.37.

Moody's (NYSE:MCO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The business services provider reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $4.22 by $0.11. Moody's had a net margin of 31.69% and a return on equity of 70.97%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the firm posted $3.83 EPS. The company's quarterly revenue was up 8.1% on a year-over-year basis. Moody's has set its FY 2026 guidance at 16.400-17.000 EPS. Equities analysts expect that Moody's Corporation will post 16.69 earnings per share for the current year.

Moody's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, May 15th. Moody's's dividend payout ratio is currently 29.53%.

Moody's Company Profile

Moody's Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody's is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody's operates primarily through two complementary businesses.

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