Cigna Investments Inc. New Has $272,000 Position in PulteGroup, Inc. (PHM)
Cigna Investments Inc. New cut its stake in shares of PulteGroup, Inc. (NYSE:PHM) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,033 shares of the construction company’s stock after selling 618 shares during the period. Cigna Investments Inc. New’s holdings in PulteGroup were worth $272,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of PHM. Hartwell J M Limited Partnership raised its position in PulteGroup by 4.3% in the second quarter. Hartwell J M Limited Partnership now owns 22,850 shares of the construction company’s stock valued at $561,000 after buying an additional 950 shares during the period. Commerce Bank bought a new position in PulteGroup during the first quarter valued at about $207,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in PulteGroup during the second quarter valued at about $2,631,000. First Trust Advisors LP raised its position in PulteGroup by 30.0% in the first quarter. First Trust Advisors LP now owns 1,264,856 shares of the construction company’s stock valued at $29,787,000 after buying an additional 291,555 shares during the period. Finally, Bank of Montreal Can raised its position in PulteGroup by 129.1% in the second quarter. Bank of Montreal Can now owns 669,271 shares of the construction company’s stock valued at $16,417,000 after buying an additional 377,181 shares during the period. Institutional investors own 88.12% of the company’s stock.
Shares of PulteGroup, Inc. (NYSE:PHM) opened at 25.40 on Tuesday. The firm has a 50-day moving average price of $24.83 and a 200 day moving average price of $23.49. The firm has a market cap of $7.66 billion, a P/E ratio of 14.06 and a beta of 1.14. PulteGroup, Inc. has a one year low of $17.69 and a one year high of $26.00.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. On average, analysts forecast that PulteGroup, Inc. will post $2.09 earnings per share for the current fiscal year.
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PHM has been the topic of several analyst reports. FBR & Co reiterated an “outperform” rating and issued a $28.00 target price (up previously from $26.00) on shares of PulteGroup in a research note on Wednesday, July 26th. Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, July 4th. Wedbush reiterated a “neutral” rating and issued a $22.00 target price on shares of PulteGroup in a research note on Tuesday, July 25th. Mizuho initiated coverage on PulteGroup in a research note on Tuesday, May 16th. They issued a “neutral” rating and a $22.00 target price on the stock. Finally, Susquehanna Bancshares Inc lowered PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 target price on the stock. in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.08.
In related news, Director Brian P. Anderson sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $23.18, for a total transaction of $324,520.00. Following the transaction, the director now owns 108,744 shares in the company, valued at approximately $2,520,685.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.71% of the company’s stock.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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