The Manufacturers Life Insurance Company Purchases Shares of 226,560 CoStar Group, Inc. $CSGP

Key Points

• The Manufacturers Life Insurance Company acquired 226,560 CoStar Group shares worth approximately $6.4 million, giving it a 0.06% stake. Institutional investors collectively own 96.6% of the company.
• CoStar Group reported quarterly earnings of $0.32 per share, beating estimates of $0.29, while revenue rose 18.4% year over year to $925 million. The company issued third-quarter 2026 EPS guidance of $0.31–$0.34.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and an average price target of $40.11. Shares opened at $32.22, significantly below their 12-month high of $91.89.

The Manufacturers Life Insurance Company acquired a new stake in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 226,560 shares of the technology company's stock, valued at approximately $6,416,000. The Manufacturers Life Insurance Company owned 0.06% of CoStar Group at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CSGP. Reflection Asset Management bought a new position in shares of CoStar Group during the 4th quarter worth approximately $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of CoStar Group in the 4th quarter valued at $29,000. DV Equities LLC bought a new stake in shares of CoStar Group in the 4th quarter valued at $40,000. IFP Advisors Inc lifted its position in shares of CoStar Group by 329.4% during the 4th quarter. IFP Advisors Inc now owns 614 shares of the technology company's stock valued at $41,000 after acquiring an additional 471 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of CoStar Group by 25,650.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company's stock valued at $43,000 after acquiring an additional 513 shares during the period. Institutional investors and hedge funds own 96.60% of the company's stock.

Insider Activity

In related news, CAO Cynthia Cammett Cann sold 4,788 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.78, for a total value of $147,374.64. Following the completion of the sale, the chief accounting officer directly owned 18,822 shares of the company's stock, valued at approximately $579,341.16. This represents a 20.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew C. Florance acquired 83,300 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were purchased at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the acquisition, the chief executive officer directly owned 1,806,165 shares in the company, valued at approximately $53,986,271.85. The trade was a 4.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.18% of the stock is currently owned by company insiders.

CoStar Group Stock Performance

Shares of CSGP stock opened at $32.22 on Monday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $30.10 and a two-hundred day simple moving average of $35.87. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $91.89. The firm has a market capitalization of $13.06 billion, a PE ratio of 169.59, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The business's quarterly revenue was up 18.4% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. 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. Analysts forecast that CoStar Group, Inc. will post 1.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup cut shares of CoStar Group from a "market outperform" rating to a "neutral" rating and reduced their price target for the stock from $70.00 to $33.00 in a report on Wednesday, July 29th. The Goldman Sachs Group reissued a "buy" rating and set a $40.00 price objective on shares of CoStar Group in a research report on Wednesday, July 29th. Benchmark initiated coverage on CoStar Group in a research note on Thursday, June 4th. They issued a "buy" rating and a $45.00 target price for the company. BTIG Research decreased their target price on CoStar Group from $55.00 to $42.00 and set a "buy" rating for the company in a research report on Wednesday, July 29th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $33.00 price target (up from $31.00) on shares of CoStar Group in a research note on Monday, August 24th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $40.11.

About CoStar Group

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.

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