Corelogic Inc (NYSE:CLGX) Holdings Cut by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC lowered its stake in Corelogic Inc (NYSE:CLGX) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 49,122 shares of the business services provider’s stock after selling 435 shares during the quarter. MetLife Investment Advisors LLC owned 0.06% of Corelogic worth $1,642,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in CLGX. Russell Investments Group Ltd. raised its holdings in shares of Corelogic by 401.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 45,935 shares of the business services provider’s stock worth $2,277,000 after acquiring an additional 36,780 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Corelogic by 7.8% in the 3rd quarter. Wells Fargo & Company MN now owns 151,907 shares of the business services provider’s stock worth $7,506,000 after acquiring an additional 10,945 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Corelogic by 4.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,498,697 shares of the business services provider’s stock worth $123,461,000 after acquiring an additional 96,247 shares during the last quarter. FMR LLC raised its holdings in shares of Corelogic by 0.3% in the 3rd quarter. FMR LLC now owns 610,372 shares of the business services provider’s stock worth $30,158,000 after acquiring an additional 1,880 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Corelogic by 98.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,785 shares of the business services provider’s stock worth $483,000 after acquiring an additional 4,864 shares during the last quarter. 91.67% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Frank Martell sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $40.01, for a total transaction of $400,100.00. Following the completion of the transaction, the chief executive officer now directly owns 267,243 shares of the company’s stock, valued at approximately $10,692,392.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of Corelogic from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 28th. Zacks Investment Research raised shares of Corelogic from a “sell” rating to a “hold” rating in a research report on Tuesday, February 26th. ValuEngine raised shares of Corelogic from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Stephens downgraded shares of Corelogic from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $51.00 to $40.00 in a research report on Tuesday, January 29th. Finally, Deutsche Bank reduced their price objective on shares of Corelogic from $45.00 to $36.00 and set a “hold” rating for the company in a research report on Monday, January 7th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $46.78.

CLGX stock traded up $0.10 during trading on Wednesday, reaching $42.35. The stock had a trading volume of 643,688 shares, compared to its average volume of 488,174. Corelogic Inc has a one year low of $31.87 and a one year high of $55.79. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.82 and a beta of 0.82. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.27 and a current ratio of 1.27.

Corelogic (NYSE:CLGX) last released its earnings results on Tuesday, February 26th. The business services provider reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. Corelogic had a net margin of 6.81% and a return on equity of 18.89%. The firm had revenue of $403.31 million during the quarter, compared to the consensus estimate of $412.00 million. During the same period in the prior year, the firm earned $0.55 EPS. The company’s revenue was down 11.2% compared to the same quarter last year. On average, sell-side analysts forecast that Corelogic Inc will post 2.1 EPS for the current fiscal year.

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Corelogic Company Profile

CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).

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Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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