Legal & General Group Plc Acquires 35,783 Shares of CoreLogic, Inc. (CLGX)
Legal & General Group Plc raised its stake in CoreLogic, Inc. (NYSE:CLGX) by 150.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,541 shares of the business services provider’s stock after buying an additional 35,783 shares during the period. Legal & General Group Plc owned 0.07% of CoreLogic worth $2,424,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in CoreLogic during the fourth quarter worth $125,000. FMR LLC boosted its position in CoreLogic by 149.6% in the fourth quarter. FMR LLC now owns 702,662 shares of the business services provider’s stock worth $25,879,000 after buying an additional 421,139 shares during the last quarter. Renaissance Technologies LLC boosted its position in CoreLogic by 824.1% in the fourth quarter. Renaissance Technologies LLC now owns 168,986 shares of the business services provider’s stock worth $6,224,000 after buying an additional 150,700 shares during the last quarter. Norges Bank bought a new position in CoreLogic during the fourth quarter worth $30,208,000. Finally, Copper Rock Capital Partners LLC boosted its position in CoreLogic by 1.7% in the first quarter. Copper Rock Capital Partners LLC now owns 629,277 shares of the business services provider’s stock worth $25,448,000 after buying an additional 10,658 shares during the last quarter. Institutional investors own 90.95% of the company’s stock.
Shares of CoreLogic, Inc. (NYSE CLGX) traded down 0.11% during midday trading on Tuesday, hitting $45.49. The company had a trading volume of 320,409 shares. The company has a 50-day moving average of $43.81 and a 200 day moving average of $41.02. The firm has a market capitalization of $3.84 billion, a PE ratio of 41.77 and a beta of 0.97. CoreLogic, Inc. has a 12 month low of $34.59 and a 12 month high of $45.99.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings data on Tuesday, July 25th. The business services provider reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.06. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The business had revenue of $473.98 million for the quarter, compared to analyst estimates of $478.72 million. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, analysts expect that CoreLogic, Inc. will post $2.33 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/08/legal-general-group-plc-acquires-35783-shares-of-corelogic-inc-clgx-updated-updated-updated.html.
Several analysts recently issued reports on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $46.00 target price on shares of CoreLogic in a research note on Thursday, July 27th. Zacks Investment Research raised CoreLogic from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. lifted their price objective on CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. BidaskClub downgraded CoreLogic from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Barclays PLC lifted their price objective on CoreLogic from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $45.00.
In other CoreLogic news, Director Mary Lee Widener sold 1,000 shares of CoreLogic stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $42.79, for a total transaction of $42,790.00. Following the completion of the sale, the director now owns 9,354 shares of the company’s stock, valued at approximately $400,257.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Stergios Theologides sold 5,000 shares of the firm’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $44.00, for a total transaction of $220,000.00. Following the transaction, the general counsel now owns 63,806 shares in the company, valued at approximately $2,807,464. The disclosure for this sale can be found here. Insiders have sold 11,410 shares of company stock worth $490,997 in the last quarter. Company insiders own 1.20% of the company’s stock.
CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.
Receive News & Stock Ratings for CoreLogic Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreLogic Inc. and related stocks with our FREE daily email newsletter.