Tokio Marine Asset Management Co. Ltd. Acquires 490 Shares of Lennar Co. (NYSE:LEN)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of Lennar Co. (NYSE:LEN) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of LEN. RFG Advisory LLC increased its stake in Lennar by 2.1% in the 4th quarter. RFG Advisory LLC now owns 3,847 shares of the construction company’s stock worth $573,000 after buying an additional 79 shares in the last quarter. Merit Financial Group LLC lifted its stake in Lennar by 2.6% in the third quarter. Merit Financial Group LLC now owns 4,009 shares of the construction company’s stock worth $450,000 after purchasing an additional 101 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Lennar by 4.2% during the third quarter. Verdence Capital Advisors LLC now owns 2,810 shares of the construction company’s stock worth $315,000 after acquiring an additional 113 shares during the period. Ieq Capital LLC increased its position in shares of Lennar by 7.0% during the third quarter. Ieq Capital LLC now owns 1,808 shares of the construction company’s stock worth $203,000 after acquiring an additional 118 shares during the period. Finally, Sheaff Brock Investment Advisors LLC increased its position in shares of Lennar by 4.2% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 2,991 shares of the construction company’s stock worth $336,000 after acquiring an additional 120 shares during the period. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Lennar Trading Up 0.9 %

NYSE:LEN opened at $154.18 on Friday. The company has a market capitalization of $42.91 billion, a P/E ratio of 10.80, a PEG ratio of 1.43 and a beta of 1.53. The firm has a fifty day simple moving average of $159.58 and a 200-day simple moving average of $143.85. Lennar Co. has a 12 month low of $102.90 and a 12 month high of $172.59. The company has a current ratio of 5.47, a quick ratio of 1.27 and a debt-to-equity ratio of 0.11.

Lennar (NYSE:LEN) last posted its earnings results on Thursday, March 14th. The construction company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.21 by $0.36. The firm had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.39 billion. Lennar had a return on equity of 15.90% and a net margin of 11.59%. Lennar’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $2.12 earnings per share. On average, equities research analysts anticipate that Lennar Co. will post 14.46 earnings per share for the current year.

Lennar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.30%. Lennar’s dividend payout ratio (DPR) is presently 14.02%.

Analyst Ratings Changes

A number of equities analysts have recently commented on LEN shares. JMP Securities reaffirmed a “market outperform” rating and set a $170.00 target price on shares of Lennar in a research report on Friday, March 15th. UBS Group lifted their price objective on shares of Lennar from $190.00 to $198.00 and gave the company a “buy” rating in a report on Friday, March 15th. Royal Bank of Canada cut their price objective on shares of Lennar from $137.00 to $136.00 and set an “underweight” rating on the stock in a report on Thursday, March 14th. Barclays lifted their price objective on shares of Lennar from $173.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Finally, Wedbush reissued an “underperform” rating and set a $144.00 price objective on shares of Lennar in a report on Tuesday, April 2nd. Three 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.88.

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.