Corebridge Financial Inc. Purchases 23 Shares of MSCI Inc. (NYSE:MSCI)

Corebridge Financial Inc. raised its holdings in shares of MSCI Inc. (NYSE:MSCI) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,328 shares of the technology company’s stock after acquiring an additional 23 shares during the quarter. Corebridge Financial Inc.’s holdings in MSCI were worth $12,797,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. LRI Investments LLC lifted its holdings in MSCI by 120.0% in the 3rd quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock worth $27,000 after purchasing an additional 24 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of MSCI in the third quarter worth $38,000. Compagnie Lombard Odier SCmA bought a new position in shares of MSCI during the fourth quarter worth $41,000. Private Trust Co. NA grew its stake in MSCI by 35.1% during the third quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock valued at $45,000 after acquiring an additional 20 shares in the last quarter. Finally, Y.D. More Investments Ltd increased its holdings in MSCI by 122.7% in the 4th quarter. Y.D. More Investments Ltd now owns 98 shares of the technology company’s stock valued at $59,000 after acquiring an additional 54 shares during the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Henry A. Fernandez acquired 5,300 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $574.51 per share, for a total transaction of $3,044,903.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,269,951 shares of the company’s stock, valued at $729,599,549.01. The trade was a 0.42 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.20% of the company’s stock.

MSCI Stock Up 1.5 %

MSCI opened at $575.38 on Wednesday. The business has a fifty day moving average of $581.43 and a 200 day moving average of $588.84. The stock has a market cap of $44.68 billion, a P/E ratio of 40.92, a PEG ratio of 2.61 and a beta of 1.19. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $642.45.

MSCI (NYSE:MSCI) last issued its earnings results on Wednesday, January 29th. The technology company reported $4.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.22. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. During the same quarter last year, the company earned $3.68 earnings per share. Equities analysts anticipate that MSCI Inc. will post 16.86 EPS for the current fiscal year.

MSCI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $1.80 per share. The ex-dividend date was Friday, February 14th. This is a positive change from MSCI’s previous quarterly dividend of $1.60. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.25%. MSCI’s dividend payout ratio (DPR) is 51.21%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on MSCI from $662.00 to $695.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Barclays reduced their price objective on MSCI from $700.00 to $675.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Wolfe Research upgraded MSCI from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and issued a $675.00 price target on shares of MSCI in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group upgraded shares of MSCI from a “neutral” rating to a “buy” rating and increased their price objective for the company from $617.00 to $723.00 in a research report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $649.23.

MSCI Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.