Legal & General Group Plc Has $4.98 Million Holdings in CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS)

Legal & General Group Plc lifted its holdings in shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 424,741 shares of the company's stock after buying an additional 50,359 shares during the period. Legal & General Group Plc owned approximately 0.06% of CCC Intelligent Solutions worth $4,982,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in shares of CCC Intelligent Solutions during the fourth quarter valued at approximately $25,000. UMB Bank n.a. bought a new stake in shares of CCC Intelligent Solutions in the 4th quarter valued at approximately $28,000. TD Private Client Wealth LLC bought a new position in shares of CCC Intelligent Solutions during the 4th quarter valued at $31,000. GAMMA Investing LLC lifted its position in shares of CCC Intelligent Solutions by 286.9% in the fourth quarter. GAMMA Investing LLC now owns 3,343 shares of the company's stock worth $39,000 after buying an additional 2,479 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new position in shares of CCC Intelligent Solutions during the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 95.79% of the company's stock.

CCC Intelligent Solutions Price Performance

NYSE:CCCS traded up $0.16 on Thursday, reaching $8.99. The stock had a trading volume of 3,525,151 shares, compared to its average volume of 4,657,211. The company has a market capitalization of $5.92 billion, a P/E ratio of 449.72 and a beta of 0.77. The stock has a fifty day moving average price of $9.29 and a 200-day moving average price of $10.74. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions Holdings Inc. has a 1-year low of $8.00 and a 1-year high of $12.88.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CCCS shares. Barrington Research reiterated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Barclays dropped their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $14.00 to $11.00 in a research report on Wednesday, February 26th. Morgan Stanley dropped their price objective on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Piper Sandler reissued a "neutral" rating and issued a $11.00 target price (down previously from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, CCC Intelligent Solutions has a consensus rating of "Moderate Buy" and an average target price of $12.57.

Insider Transactions at CCC Intelligent Solutions

In other news, Director Eileen Schloss sold 27,478 shares of CCC Intelligent Solutions stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total value of $236,310.80. Following the completion of the sale, the director now directly owns 26,569 shares of the company's stock, valued at approximately $228,493.40. This trade represents a 50.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Rodney Christo sold 20,077 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total value of $204,785.40. The disclosure for this sale can be found here. Insiders have sold 42,087,456 shares of company stock valued at $434,240,401 in the last three months. 6.67% of the stock is owned by corporate insiders.

About CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.