Legal & General Group Plc Purchases Shares of 874,210 Cleveland-Cliffs Inc. $CLF

Posted by on Sep 2nd, 2026

Legal & General Group Plc acquired a new position in Cleveland-Cliffs Inc. (NYSE:CLF – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 874,210 shares of the mining company’s stock, valued at approximately $8,209,000. Legal & General Group Plc owned 0.15% of Cleveland-Cliffs at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Sei Investments Co. boosted its stake in Cleveland-Cliffs by 95.4% during the first quarter. Sei Investments Co. now owns 302,972 shares of the mining company’s stock worth $2,560,000 after buying an additional 147,899 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Cleveland-Cliffs by 68.0% in the 1st quarter. Quantinno Capital Management LP now owns 212,522 shares of the mining company’s stock valued at $1,796,000 after buying an additional 86,036 shares in the last quarter. SFE Investment Counsel bought a new position in shares of Cleveland-Cliffs during the 2nd quarter worth about $8,562,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Cleveland-Cliffs during the 2nd quarter worth about $505,000. Finally, California State Teachers Retirement System lifted its holdings in shares of Cleveland-Cliffs by 23.0% during the 1st quarter. California State Teachers Retirement System now owns 662,180 shares of the mining company’s stock worth $5,595,000 after acquiring an additional 123,660 shares during the period. Institutional investors and hedge funds own 67.68% of the company’s stock.

Insider Buying and Selling at Cleveland-Cliffs

In other news, EVP Celso L. Goncalves, Jr. sold 214,308 shares of Cleveland-Cliffs stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $13.41, for a total value of $2,873,870.28. Following the completion of the transaction, the executive vice president owned 184,542 shares in the company, valued at approximately $2,474,708.22. The trade was a 53.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Cleveland-Cliffs in a research note on Tuesday, July 21st. Morgan Stanley restated an “equal weight” rating and set a $12.50 price target (up from $12.00) on shares of Cleveland-Cliffs in a research note on Monday, June 22nd. Barclays lifted their price objective on Cleveland-Cliffs from $9.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, July 24th. Glj Research upgraded Cleveland-Cliffs from a “hold” rating to a “buy” rating and upped their price objective for the company from $15.01 to $15.60 in a research note on Friday, July 24th. Finally, Bank of America dropped their target price on Cleveland-Cliffs from $14.00 to $11.50 and set a “neutral” rating for the company in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.96.

View Our Latest Analysis on CLF

Cleveland-Cliffs Stock Down 0.2%

CLF opened at $11.53 on Wednesday. The firm’s 50-day simple moving average is $10.89 and its 200-day simple moving average is $10.66. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.63 and a current ratio of 1.89. Cleveland-Cliffs Inc. has a twelve month low of $7.73 and a twelve month high of $16.70. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of -7.12 and a beta of 2.10.

Cleveland-Cliffs (NYSE:CLF – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The mining company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.01. The firm had revenue of $5.23 billion during the quarter, compared to the consensus estimate of $5.15 billion. Cleveland-Cliffs had a negative net margin of 4.56% and a negative return on equity of 13.37%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted ($0.50) EPS. Equities research analysts anticipate that Cleveland-Cliffs Inc. will post -0.11 EPS for the current fiscal year.

Cleveland-Cliffs Company Profile

(Free Report)

Cleveland-Cliffs Inc is a leading North American producer of iron ore pellets and flat-rolled steel products. Tracing its roots to 1847, the company has evolved from an iron-ore mining concern in the Great Lakes region into a fully integrated steelmaker. Today, Cleveland-Cliffs operates iron ore mining complexes in Michigan and Minnesota as well as steelmaking and finishing facilities across the United States.

The company’s integrated platform begins with direct control of key raw materials, including iron ore and scrap, and extends through every stage of steel production.

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Institutional Ownership by Quarter for Cleveland-Cliffs (NYSE:CLF)

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