Tokio Marine Asset Management Co. Ltd. Has $959,000 Position in Lennar Co. (NYSE:LEN)

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Lennar Co. (NYSE:LEN) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,433 shares of the construction company’s stock after buying an additional 490 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Lennar were worth $959,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LEN. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Lennar in the third quarter valued at $27,000. Raleigh Capital Management Inc. bought a new stake in Lennar in the third quarter valued at $28,000. BluePath Capital Management LLC bought a new stake in shares of Lennar during the third quarter worth $29,000. Criterion Capital Advisors LLC bought a new stake in shares of Lennar during the fourth quarter worth $36,000. Finally, NBC Securities Inc. bought a new stake in shares of Lennar during the third quarter worth $56,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on LEN. Keefe, Bruyette & Woods raised their price target on Lennar from $175.00 to $183.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Evercore ISI increased their price objective on Lennar from $224.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Royal Bank of Canada decreased their price objective on Lennar from $137.00 to $136.00 and set an “underweight” rating for the company in a report on Thursday, March 14th. Wedbush restated an “underperform” rating and issued a $144.00 price target on shares of Lennar in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Lennar from $110.00 to $122.00 and gave the stock a “sell” rating in a research note on Thursday, March 14th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.88.

Lennar Price Performance

Shares of NYSE LEN opened at $154.18 on Friday. The stock has a market capitalization of $42.91 billion, a PE ratio of 10.80, a P/E/G ratio of 1.43 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.47 and a quick ratio of 1.27. The business has a fifty day moving average price of $159.58 and a two-hundred day moving average price of $143.85. Lennar Co. has a fifty-two week low of $102.90 and a fifty-two week high of $172.59.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, March 14th. The construction company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.36. Lennar had a return on equity of 15.90% and a net margin of 11.59%. The company had revenue of $7.31 billion during the quarter, compared to analysts’ expectations of $7.39 billion. During the same quarter in the previous year, the firm earned $2.12 EPS. Lennar’s revenue was up 12.7% on a year-over-year basis. As a group, equities analysts predict that Lennar Co. will post 14.46 earnings per share for the current fiscal year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.30%. Lennar’s dividend payout ratio is currently 14.02%.

Insider Buying and Selling

In related news, Director Amy Banse purchased 1,575 shares of Lennar stock in a transaction on Wednesday, April 10th. The shares were purchased at an average price of $157.00 per share, for a total transaction of $247,275.00. Following the transaction, the director now owns 11,859 shares of the company’s stock, valued at approximately $1,861,863. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.36% of the stock is currently owned by corporate insiders.

Lennar Profile

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.