Livforsakringsbolaget Skandia Omsesidigt Has $1.88 Million Stock Holdings in Taylor Morrison Home Corporation $TMHC

Key Points

• Livforsakringsbolaget Skandia Omsesidigt cut its stake in Taylor Morrison Home Corporation by 23.5%, reducing its ownership to 30,600 shares valued at approximately $1.88 million.
• Despite Skandia's reduction, several hedge funds increased their positions in Taylor Morrison, with Assenagon Asset Management raising its stake by 80.2%.
• Analysts have mixed ratings on TMHC, with one firm differentiating itself by downgrading to a "hold," while others maintained a "buy" rating, resulting in a consensus target price of $76.88.

Livforsakringsbolaget Skandia Omsesidigt decreased its position in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 23.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,600 shares of the construction company's stock after selling 9,400 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Taylor Morrison Home were worth $1,879,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Taylor Morrison Home by 193.0% in the 1st quarter. GAMMA Investing LLC now owns 674 shares of the construction company's stock valued at $40,000 after purchasing an additional 444 shares during the period. Farther Finance Advisors LLC increased its stake in Taylor Morrison Home by 49.5% in the 1st quarter. Farther Finance Advisors LLC now owns 791 shares of the construction company's stock valued at $48,000 after purchasing an additional 262 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Taylor Morrison Home by 50.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 844 shares of the construction company's stock valued at $51,000 after buying an additional 282 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Taylor Morrison Home by 29.9% in the second quarter. Parallel Advisors LLC now owns 882 shares of the construction company's stock valued at $54,000 after purchasing an additional 203 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Taylor Morrison Home by 27.8% in the first quarter. Fifth Third Bancorp now owns 1,034 shares of the construction company's stock valued at $62,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 95.16% of the company's stock.

Taylor Morrison Home Stock Down 2.2%

Shares of NYSE:TMHC traded down $1.54 during midday trading on Friday, hitting $67.66. 2,298,753 shares of the stock were exchanged, compared to its average volume of 1,074,620. Taylor Morrison Home Corporation has a 52-week low of $51.90 and a 52-week high of $75.49. The business's fifty day simple moving average is $66.08 and its two-hundred day simple moving average is $61.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 6.54. The company has a market capitalization of $6.79 billion, a PE ratio of 7.81 and a beta of 1.58.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TMHC. Seaport Res Ptn raised Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Bank of America boosted their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company a "buy" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has an average rating of "Buy" and an average price target of $77.50.

Insider Transactions at Taylor Morrison Home

In other news, CFO Curtis Vanhyfte sold 9,754 shares of Taylor Morrison Home stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $65.22, for a total value of $636,155.88. Following the transaction, the chief financial officer directly owned 14,163 shares in the company, valued at approximately $923,710.86. The trade was a 40.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anne L. Mariucci sold 14,002 shares of Taylor Morrison Home stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $70.00, for a total value of $980,140.00. Following the completion of the transaction, the director owned 48,191 shares in the company, valued at $3,373,370. The trade was a 22.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,351 shares of company stock worth $4,700,630. Company insiders own 1.40% of the company's stock.

Taylor Morrison Home Company 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.