Zurich Insurance Group Ltd FI Trims Stake in Lennar Co. (NYSE:LEN)

Zurich Insurance Group Ltd FI lowered its position in Lennar Co. (NYSE:LEN - Free Report) by 17.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 298,094 shares of the construction company's stock after selling 61,293 shares during the period. Zurich Insurance Group Ltd FI owned 0.11% of Lennar worth $44,675,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Gilbert & Cook Inc. raised its holdings in Lennar by 5.5% during the fourth quarter. Gilbert & Cook Inc. now owns 4,053 shares of the construction company's stock worth $604,000 after buying an additional 211 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Lennar by 53.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 33,925 shares of the construction company's stock valued at $5,056,000 after buying an additional 11,851 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Lennar by 0.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,204 shares of the construction company's stock worth $2,419,000 after buying an additional 125 shares in the last quarter. Intech Investment Management LLC raised its position in Lennar by 196.1% in the 4th quarter. Intech Investment Management LLC now owns 7,357 shares of the construction company's stock valued at $1,096,000 after buying an additional 4,872 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Lennar by 15.3% during the fourth quarter. TD Asset Management Inc now owns 201,548 shares of the construction company's stock valued at $30,039,000 after purchasing an additional 26,705 shares in the last quarter. Institutional investors own 81.10% of the company's stock.

Wall Street Analyst Weigh In

LEN has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Lennar from $195.00 to $205.00 and gave the stock an "overweight" rating in a research report on Monday, September 9th. Bank of America boosted their price target on shares of Lennar from $171.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, September 19th. Evercore ISI lowered their price objective on shares of Lennar from $240.00 to $236.00 and set an "outperform" rating on the stock in a research report on Monday. Raymond James lowered shares of Lennar from an "outperform" rating to a "market perform" rating in a research note on Tuesday, July 2nd. Finally, BTIG Research dropped their price target on Lennar from $177.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, June 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $181.94.

Lennar Price Performance

Shares of Lennar stock traded down $2.37 during trading on Wednesday, hitting $181.86. 1,709,465 shares of the stock traded hands, compared to its average volume of 2,089,729. The stock has a market cap of $49.94 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.71 and a beta of 1.61. 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 52 week low of $102.90 and a 52 week high of $193.80. The firm's fifty day moving average is $177.36 and its 200-day moving average is $164.30.

Lennar (NYSE:LEN - Get Free Report) last issued its earnings results on Thursday, September 19th. The construction company reported $3.90 EPS for the quarter, topping analysts' consensus estimates of $3.62 by $0.28. Lennar had a net margin of 11.51% and a return on equity of 15.47%. The company had revenue of $9.42 billion for the quarter, compared to analysts' expectations of $9.14 billion. During the same quarter last year, the company earned $3.91 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. Research analysts expect that Lennar Co. will post 14.13 EPS for the current fiscal year.

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.