2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company lessened its position in shares of Lennar Co. ( NYSE:LEN – Free Report ) by 8.5% in the second quarter, according to its most recent filing with the SEC.
The firm owned 5,829,917 shares of the construction company’s stock after selling 541,859 shares during the quarter. Lennar makes up approximately 0.8% of The Manufacturers Life Insurance Company’s investment portfolio, making the stock its 15th largest holding.
The Manufacturers Life Insurance Company owned approximately 2.12% of Lennar worth $873,728,000 at the end of the most recent reporting period. Several other hedge funds have also recently added to or reduced their stakes in LEN.
Rise Advisors LLC boosted its position in shares of Lennar by 484.0% during the 1st quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock worth $25,000 after purchasing an additional 121 shares in the last quarter.
J.Safra Asset Management Corp bought a new position in Lennar in the first quarter worth approximately $30,000. New Covenant Trust Company N.
A. acquired a new stake in Lennar in the first quarter valued at approximately $32,000. Redmont Wealth Advisors LLC bought a new stake in shares of Lennar during the first quarter valued at approximately $35,000.
Finally, Fortitude Family Office LLC raised its position in shares of Lennar by 223.6% during the second quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock worth $35,000 after purchasing an additional 161 shares during the period.
Institutional investors own 81.10% of the company’s stock. Lennar Stock Performance NYSE LEN opened at $183.
13 on Friday. The company has a quick ratio of 0.98, a current ratio of 4.
90 and a debt-to-equity ratio of 0.08. Lennar Co.
has a 12-month low of $102.90 and a 12-month high of $193.80.
The firm has a market cap of $50.29 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 1.
71 and a beta of 1.61. The company’s 50 day moving average is $177.
67 and its 200-day moving average is $164.42. Lennar Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th.
Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.50 per share. This represents a $2.
00 annualized dividend and a yield of 1.09%. The ex-dividend date is Wednesday, October 9th.
Lennar’s dividend payout ratio (DPR) is currently 13.60%. Analyst Upgrades and Downgrades Several analysts recently issued reports on the stock.
JMP Securities lifted their price target on shares of Lennar from $170.00 to $210.00 and gave the company a “market outperform” rating in a research report on Wednesday.
Bank Of America (Bofa) boosted their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th.
Bank of America upped their target price on shares of Lennar from $171.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th.
JPMorgan Chase & Co. boosted their price objective on Lennar from $154.00 to $173.
00 and gave the stock a “neutral” rating in a report on Monday. Finally, StockNews.com upgraded Lennar from a “hold” rating to a “buy” rating in a report on Friday, September 20th.
Two research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $181.
94. Read Our Latest Research Report on LEN About Lennar ( Free Report ) 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. Further Reading Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with MarketBeat.com's FREE daily email newsletter .
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