AIA Group Ltd Has $925,000 Stock Position in Taylor Morrison Home Corporation (NYSE:TMHC)

Key Points

• AIA Group Ltd increased its holdings in Taylor Morrison Home Corporation by 80.2%, now owning 15,413 shares valued at approximately $925,000 as of the end of the first quarter.
• Insider activity included CFO Curtis Vanhyfte selling 9,754 shares at an average price of $65.22, resulting in a total sale value of over $636,000, reducing their position by approximately 40.78%.
• Taylor Morrison recently reported $2.02 earnings per share, surpassing analyst expectations, and has a projected 8.93 earnings per share for the current fiscal year.

AIA Group Ltd grew its stake in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 80.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,413 shares of the construction company's stock after purchasing an additional 6,861 shares during the quarter. AIA Group Ltd's holdings in Taylor Morrison Home were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Covestor Ltd increased its stake in shares of Taylor Morrison Home by 14.9% during the 1st quarter. Covestor Ltd now owns 1,292 shares of the construction company's stock valued at $78,000 after acquiring an additional 168 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Taylor Morrison Home by 6.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,449 shares of the construction company's stock worth $207,000 after purchasing an additional 197 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Taylor Morrison Home by 3.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 5,891 shares of the construction company's stock worth $354,000 after purchasing an additional 201 shares during the period. Xponance Inc. grew its holdings in shares of Taylor Morrison Home by 1.4% during the 1st quarter. Xponance Inc. now owns 15,631 shares of the construction company's stock worth $938,000 after purchasing an additional 220 shares during the period. Finally, SummerHaven Investment Management LLC grew its holdings in shares of Taylor Morrison Home by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 14,218 shares of the construction company's stock worth $854,000 after purchasing an additional 223 shares during the period. 95.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Curtis Vanhyfte sold 9,754 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total transaction of $636,155.88. Following the sale, the chief financial officer owned 14,163 shares of the company's stock, valued at $923,710.86. This trade represents a 40.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

TMHC has been the subject of several recent research reports. Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Bank of America initiated coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 price objective for the company. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Wedbush reissued an "outperform" rating and set a $85.00 price target on shares of Taylor Morrison Home in a research report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home presently has an average rating of "Buy" and a consensus target price of $76.88.

Taylor Morrison Home Stock Performance

Shares of TMHC traded up $3.19 on Wednesday, reaching $69.28. 1,901,345 shares of the stock traded hands, compared to its average volume of 1,242,871. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 8.00 and a beta of 1.53. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.54 and a quick ratio of 0.74. Taylor Morrison Home Corporation has a 12 month low of $51.90 and a 12 month high of $75.49. The stock's 50-day moving average price is $61.92 and its 200-day moving average price is $60.46.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.08. The firm had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $1.93 billion. Taylor Morrison Home had a return on equity of 16.22% and a net margin of 10.72%. The business's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.86 earnings per share. Equities analysts forecast that Taylor Morrison Home Corporation will post 8.93 EPS for the current fiscal year.

Taylor Morrison Home Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.