Allstate Corp Has $3.20 Million Holdings in MSCI Inc $MSCI

Allstate Corp grew its holdings in shares of MSCI Inc (NYSE:MSCI) by 102.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,582 shares of the technology company’s stock after acquiring an additional 2,821 shares during the quarter. Allstate Corp’s holdings in MSCI were worth $3,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of MSCI during the 3rd quarter worth approximately $28,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of MSCI by 341.7% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after acquiring an additional 41 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of MSCI during the 4th quarter worth approximately $34,000. Elyxium Wealth LLC bought a new stake in shares of MSCI during the 4th quarter worth approximately $34,000. Finally, Strategic Wealth Investment Group LLC bought a new stake in shares of MSCI during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSCI. Morgan Stanley upped their price target on shares of MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Bank of America began coverage on shares of MSCI in a report on Tuesday, February 17th. They set a “buy” rating and a $700.00 price target for the company. Raymond James Financial reaffirmed a “strong-buy” rating and set a $730.00 price target on shares of MSCI in a report on Tuesday, April 21st. Weiss Ratings raised shares of MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $655.00 price target on shares of MSCI in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat, MSCI currently has a consensus rating of “Buy” and a consensus target price of $697.70.

Insider Activity at MSCI

In related news, insider Alvise J. Munari sold 10,000 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $592.04, for a total value of $5,920,400.00. Following the completion of the transaction, the insider owned 23,548 shares of the company’s stock, valued at $13,941,357.92. This represents a 29.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Andrew C. Wiechmann sold 450 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total transaction of $252,000.00. Following the completion of the transaction, the chief financial officer directly owned 22,544 shares of the company’s stock, valued at approximately $12,624,640. The trade was a 1.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 3.76% of the stock is owned by corporate insiders.

MSCI Price Performance

Shares of NYSE:MSCI opened at $602.95 on Thursday. The company has a market cap of $43.89 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.22 and a beta of 1.24. The firm has a 50 day simple moving average of $567.24 and a 200 day simple moving average of $566.38. MSCI Inc has a one year low of $501.08 and a one year high of $626.28.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, April 21st. The technology company reported $4.55 EPS for the quarter, beating the consensus estimate of $4.38 by $0.17. The business had revenue of $850.80 million during the quarter, compared to the consensus estimate of $830.91 million. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The firm’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.00 EPS. As a group, analysts expect that MSCI Inc will post 19.62 EPS for the current year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a $2.05 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI’s dividend payout ratio is presently 46.83%.

MSCI Company Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.