Amica Mutual Insurance Co. Decreases Stock Position in S&P Global Inc. (NYSE:SPGI)

Amica Mutual Insurance Co. cut its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,543 shares of the business services provider's stock after selling 1,853 shares during the period. Amica Mutual Insurance Co.'s holdings in S&P Global were worth $5,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. D.B. Root & Company LLC lifted its stake in S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider's stock worth $292,000 after purchasing an additional 23 shares in the last quarter. Mayflower Financial Advisors LLC lifted its position in S&P Global by 3.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider's stock worth $315,000 after buying an additional 23 shares in the last quarter. Allworth Financial LP boosted its stake in S&P Global by 1.8% during the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider's stock worth $598,000 after buying an additional 24 shares during the last quarter. Oakworth Capital Inc. boosted its stake in S&P Global by 31.2% during the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider's stock worth $44,000 after buying an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky grew its holdings in S&P Global by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider's stock valued at $655,000 after buying an additional 25 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company's stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company's stock.

S&P Global Trading Down 0.1 %

Shares of NYSE SPGI traded down $0.45 during trading on Monday, reaching $415.33. The stock had a trading volume of 1,667,246 shares, compared to its average volume of 1,365,647. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $129.96 billion, a P/E ratio of 46.56, a PEG ratio of 2.35 and a beta of 1.15. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The business's 50-day moving average price is $423.63 and its 200-day moving average price is $418.41.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, equities research analysts predict that S&P Global Inc. will post 14.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SPGI shares. Erste Group Bank reissued a "hold" rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays increased their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. BMO Capital Markets lifted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an "outperform" rating in a research report on Monday, April 1st. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Finally, Oppenheimer raised their target price on S&P Global from $480.00 to $482.00 and gave the stock an "outperform" rating in a research note on Friday. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $462.60.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.