The Manufacturers Life Insurance Company Makes New $20.44 Million Investment in MSCI Inc $MSCI

The Manufacturers Life Insurance Company bought a new stake in shares of MSCI Inc (NYSE:MSCI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,492 shares of the technology company’s stock, valued at approximately $20,437,000. The Manufacturers Life Insurance Company owned approximately 0.05% of MSCI as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSCI. BlackRock Inc. bought a new position in shares of MSCI in the second quarter valued at approximately $3,062,626,000. Norges Bank bought a new stake in MSCI during the 4th quarter worth approximately $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in MSCI during the 2nd quarter worth approximately $480,613,000. Generation Investment Management LLP purchased a new stake in MSCI in the 2nd quarter worth approximately $301,493,000. Finally, Bank of New York Mellon Corp purchased a new stake in MSCI in the 2nd quarter worth approximately $234,905,000. 89.97% of the stock is currently owned by institutional investors.

MSCI Price Performance

Shares of MSCI opened at $568.57 on Friday. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77. The stock has a 50 day simple moving average of $579.73 and a two-hundred day simple moving average of $573.15. The firm has a market cap of $41.34 billion, a P/E ratio of 31.10, a P/E/G ratio of 2.15 and a beta of 1.23.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing the consensus estimate of $4.99 by ($0.05). The business had revenue of $867.00 million for the quarter, compared to analysts’ expectations of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The company’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business posted $4.17 earnings per share. On average, equities analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a dividend of $2.05 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. MSCI’s dividend payout ratio (DPR) is currently 44.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group set a $615.00 price target on shares of MSCI in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price objective on MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Evercore set a $722.00 price objective on MSCI in a research note on Wednesday, July 22nd. Jefferies Financial Group started coverage on MSCI in a research report on Friday, July 17th. They set a “buy” rating and a $760.00 target price for the company. Finally, Morgan Stanley restated an “overweight” rating and issued a $700.00 target price on shares of MSCI in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $709.50.

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.