Legal & General Group Plc Sells 3,098 Shares of CBIZ, Inc. (NYSE:CBZ)

Legal & General Group Plc lowered its position in CBIZ, Inc. (NYSE:CBZ) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,846 shares of the business services provider’s stock after selling 3,098 shares during the period. Legal & General Group Plc owned approximately 0.11% of CBIZ worth $4,570,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CBZ. Vanguard Group Inc. raised its stake in CBIZ by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider’s stock valued at $385,948,000 after buying an additional 43,784 shares during the last quarter. Invesco Ltd. raised its position in shares of CBIZ by 157.2% in the 4th quarter. Invesco Ltd. now owns 769,209 shares of the business services provider’s stock valued at $62,944,000 after purchasing an additional 470,095 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in CBIZ by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider’s stock worth $47,432,000 after purchasing an additional 48,979 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in CBIZ by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider’s stock worth $43,851,000 after purchasing an additional 10,550 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC increased its stake in CBIZ by 2.4% during the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 456,062 shares of the business services provider’s stock valued at $37,320,000 after purchasing an additional 10,862 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

CBIZ Stock Down 3.7 %

Shares of CBZ stock opened at $74.62 on Tuesday. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13. The stock has a market cap of $4.03 billion, a P/E ratio of 31.62 and a beta of 0.90. The stock has a 50 day moving average of $76.45 and a 200 day moving average of $77.85. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. William Blair reiterated an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th.

Insider Transactions at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction of $468,240.50. Following the completion of the transaction, the director now directly owns 41,759 shares of the company’s stock, valued at $2,996,208.25. This represents a 13.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.95% of the company’s stock.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.