PulteGroup, Inc. (NYSE:PHM) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New lessened its stake in PulteGroup, Inc. (NYSE:PHM) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,145 shares of the construction company’s stock after selling 123 shares during the period. Cigna Investments Inc. New’s holdings in PulteGroup were worth $308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Greenhaven Associates Inc. increased its holdings in shares of PulteGroup by 0.3% in the third quarter. Greenhaven Associates Inc. now owns 5,593,179 shares of the construction company’s stock valued at $802,789,000 after purchasing an additional 16,871 shares during the period. Pacer Advisors Inc. increased its stake in PulteGroup by 8.6% in the 2nd quarter. Pacer Advisors Inc. now owns 2,968,788 shares of the construction company’s stock valued at $326,864,000 after buying an additional 235,826 shares during the period. Hsbc Holdings PLC raised its position in PulteGroup by 19.6% during the 2nd quarter. Hsbc Holdings PLC now owns 1,529,698 shares of the construction company’s stock worth $168,254,000 after buying an additional 250,937 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of PulteGroup by 18.4% in the 1st quarter. Captrust Financial Advisors now owns 1,085,939 shares of the construction company’s stock worth $130,986,000 after acquiring an additional 168,746 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of PulteGroup by 5.9% in the second quarter. Victory Capital Management Inc. now owns 964,422 shares of the construction company’s stock valued at $106,183,000 after acquiring an additional 53,924 shares in the last quarter. 89.90% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Thomas J. Folliard sold 19,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the transaction, the director now owns 45,230 shares of the company’s stock, valued at $5,931,462.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other PulteGroup news, Director Thomas J. Folliard sold 19,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $131.14, for a total value of $2,491,660.00. Following the completion of the transaction, the director now directly owns 45,230 shares in the company, valued at approximately $5,931,462.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert Oshaughnessy sold 71,007 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $134.83, for a total value of $9,573,873.81. Following the sale, the chief financial officer now owns 89,323 shares in the company, valued at $12,043,420.09. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.83% of the stock is owned by corporate insiders.

PulteGroup Stock Down 0.9 %

PHM stock opened at $128.38 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73. The company’s 50 day simple moving average is $137.31 and its 200-day simple moving average is $123.83. PulteGroup, Inc. has a 12 month low of $79.18 and a 12 month high of $149.47. The firm has a market capitalization of $26.33 billion, a PE ratio of 9.47, a P/E/G ratio of 0.53 and a beta of 1.62.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, October 22nd. The construction company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.25. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. The firm had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the firm earned $2.90 EPS. PulteGroup’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts expect that PulteGroup, Inc. will post 12.92 earnings per share for the current fiscal year.

PulteGroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.62%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s payout ratio is 5.90%.

Analyst Ratings Changes

PHM has been the subject of a number of recent analyst reports. Bank of America raised their price objective on shares of PulteGroup from $138.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Evercore ISI reduced their price target on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Oppenheimer dropped their price objective on PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. raised their target price on PulteGroup from $141.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Finally, Raymond James boosted their target price on shares of PulteGroup from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.00.

PulteGroup Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.