Zurich Insurance Group Ltd FI Reduces Holdings in Lennar Co. (NYSE:LEN)

Zurich Insurance Group Ltd FI reduced its position in Lennar Co. (NYSE:LEN - Free Report) by 90.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,724 shares of the construction company's stock after selling 134,600 shares during the quarter. Zurich Insurance Group Ltd FI's holdings in Lennar were worth $2,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of the business. Howard Capital Management Inc. boosted its stake in Lennar by 0.3% during the fourth quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock valued at $3,932,000 after buying an additional 81 shares during the last quarter. Greenleaf Trust boosted its position in shares of Lennar by 1.9% during the 4th quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock valued at $712,000 after acquiring an additional 95 shares during the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of Lennar by 3.1% in the fourth quarter. Lake Street Advisors Group LLC now owns 3,201 shares of the construction company's stock valued at $436,000 after purchasing an additional 96 shares in the last quarter. Horizon Investments LLC increased its position in Lennar by 2.1% in the fourth quarter. Horizon Investments LLC now owns 4,818 shares of the construction company's stock worth $629,000 after purchasing an additional 98 shares during the last quarter. Finally, HB Wealth Management LLC raised its stake in Lennar by 2.0% during the fourth quarter. HB Wealth Management LLC now owns 5,121 shares of the construction company's stock valued at $698,000 after purchasing an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Evercore ISI reissued an "in-line" rating and issued a $131.00 price objective (down previously from $159.00) on shares of Lennar in a research note on Monday, March 24th. UBS Group reduced their target price on Lennar from $183.00 to $164.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. The Goldman Sachs Group cut their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Royal Bank of Canada decreased their price objective on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating for the company in a report on Monday, March 24th. Finally, Wall Street Zen upgraded shares of Lennar from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Fifteen investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $150.07.

Lennar Stock Down 0.2%

NYSE:LEN traded down $0.18 during mid-day trading on Monday, hitting $105.12. 2,072,626 shares of the company's stock traded hands, compared to its average volume of 2,633,102. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The company has a market capitalization of $27.73 billion, a P/E ratio of 7.33, a P/E/G ratio of 1.24 and a beta of 1.41. The company has a fifty day moving average of $109.61 and a 200 day moving average of $129.80. Lennar Co. has a twelve month low of $98.42 and a twelve month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The firm had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. During the same period in the previous year, the company earned $2.57 earnings per share. The business's quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts forecast that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.90%. Lennar's dividend payout ratio (DPR) is presently 14.57%.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.