The Manufacturers Life Insurance Company Purchases New Holdings in CoStar Group, Inc. $CSGP

The Manufacturers Life Insurance Company purchased a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP) during the second quarter, Holdings Channel reports. The institutional investor purchased 226,560 shares of the technology company’s stock, valued at approximately $6,416,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CSGP. Barclays PLC grew its holdings in CoStar Group by 83.4% during the fourth quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock valued at $156,111,000 after purchasing an additional 1,055,584 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of CoStar Group by 100.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock valued at $16,486,000 after buying an additional 122,776 shares during the last quarter. SVB Wealth LLC lifted its position in shares of CoStar Group by 98.3% during the 4th quarter. SVB Wealth LLC now owns 66,410 shares of the technology company’s stock valued at $4,465,000 after buying an additional 32,923 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in shares of CoStar Group by 45.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company’s stock worth $74,971,000 after acquiring an additional 348,460 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of CoStar Group by 4.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,057,184 shares of the technology company’s stock worth $69,446,000 after acquiring an additional 49,657 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Price Performance

Shares of NASDAQ CSGP opened at $32.22 on Monday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.13. The company has a market cap of $13.06 billion, a P/E ratio of 169.59, a P/E/G ratio of 0.85 and a beta of 0.72. CoStar Group, Inc. has a 52 week low of $25.89 and a 52 week high of $91.89. The business has a 50-day simple moving average of $30.10 and a two-hundred day simple moving average of $35.87.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The firm had revenue of $925.00 million for the quarter, compared to the consensus estimate of $928.81 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Research analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

Insider Transactions at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the transaction, the chief accounting officer directly owned 18,822 shares in the company, valued at approximately $579,341.16. This represents a 20.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew C. Florance bought 83,300 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was purchased at an average cost of $29.89 per share, with a total value of $2,489,837.00. Following the purchase, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. This represents a 4.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

CSGP has been the topic of a number of research reports. Citizens Jmp lowered their price objective on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating on the stock in a research note on Wednesday, July 29th. BMO Capital Markets reiterated a “market perform” rating and issued a $33.00 target price (up from $31.00) on shares of CoStar Group in a research note on Monday, August 24th. JPMorgan Chase & Co. lowered their price target on shares of CoStar Group from $58.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Wolfe Research restated an “outperform” rating and set a $32.00 price target (down from $35.00) on shares of CoStar Group in a research note on Wednesday, July 29th. Finally, Citigroup downgraded shares of CoStar Group from a “market outperform” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $33.00 in a report on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.11.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.