Markel Corp held its stake in MSCI Inc. (NYSE:MSCI) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,000 shares of the company’s stock at the end of the third quarter. Markel Corp owned 0.14% of MSCI worth $11,500,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of MSCI. Sei Investments Co. increased its stake in MSCI by 2.8% in the third quarter. Sei Investments Co. now owns 178,453 shares of the company’s stock valued at $14,979,000 after buying an additional 4,807 shares in the last quarter. US Bancorp DE increased its stake in MSCI by 29.4% in the third quarter. US Bancorp DE now owns 4,760 shares of the company’s stock valued at $399,000 after buying an additional 1,082 shares in the last quarter. Teacher Retirement System of Texas increased its stake in MSCI by 191.1% in the third quarter. Teacher Retirement System of Texas now owns 69,803 shares of the company’s stock valued at $5,859,000 after buying an additional 45,828 shares in the last quarter. Retirement Systems of Alabama increased its stake in MSCI by 31.8% in the third quarter. Retirement Systems of Alabama now owns 147,644 shares of the company’s stock valued at $12,393,000 after buying an additional 35,610 shares in the last quarter. Finally, CIBC World Markets Inc. acquired a new stake in MSCI during the third quarter valued at approximately $222,000. Institutional investors own 97.07% of the company’s stock.
Shares of MSCI Inc. (NYSE:MSCI) traded up 0.89% on Friday, hitting $80.90. 19,702 shares of the stock were exchanged. MSCI Inc. has a 52-week low of $62.17 and a 52-week high of $90.79. The company has a 50 day moving average of $80.98 and a 200 day moving average of $81.56. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 31.80 and a beta of 1.00.
MSCI (NYSE:MSCI) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The company had revenue of $288.43 million for the quarter, compared to analysts’ expectations of $288.96 million. MSCI had a net margin of 22.29% and a return on equity of 43.72%. MSCI’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.60 earnings per share. Equities research analysts forecast that MSCI Inc. will post $2.96 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Wednesday, November 9th. MSCI’s dividend payout ratio (DPR) is 44.09%.
Several research firms recently commented on MSCI. Cantor Fitzgerald set a $86.00 target price on shares of MSCI and gave the stock a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded shares of MSCI from a “sell” rating to a “hold” rating in a research report on Tuesday, October 18th. Credit Suisse Group AG began coverage on shares of MSCI in a research report on Sunday, November 20th. They set an “outperform” rating and a $94.00 target price on the stock. Finally, Evercore ISI reiterated a “sell” rating on shares of MSCI in a research report on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. MSCI has a consensus rating of “Hold” and an average target price of $82.17.
In other MSCI news, COO Cd Baer Pettit sold 2,087 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $80.50, for a total transaction of $168,003.50. Following the transaction, the chief operating officer now directly owns 201,783 shares in the company, valued at $16,243,531.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Valueact Capital Master Fund, sold 450,000 shares of the stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $88.17, for a total transaction of $39,676,500.00. The disclosure for this sale can be found here. 2.07% of the stock is currently owned by corporate insiders.
MSCI Company Profile