Achmea Investment Management B.V. Sells 54,514 Shares of PulteGroup, Inc. (NYSE:PHM)

Achmea Investment Management B.V. lowered its position in PulteGroup, Inc. (NYSE:PHM - Free Report) by 31.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 119,237 shares of the construction company's stock after selling 54,514 shares during the quarter. Achmea Investment Management B.V. owned about 0.06% of PulteGroup worth $12,985,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PHM. Hager Investment Management Services LLC bought a new position in shares of PulteGroup in the fourth quarter worth $29,000. Fortitude Family Office LLC grew its position in PulteGroup by 74.1% in the fourth quarter. Fortitude Family Office LLC now owns 322 shares of the construction company's stock worth $35,000 after acquiring an additional 137 shares in the last quarter. R Squared Ltd purchased a new position in PulteGroup in the fourth quarter worth $39,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in PulteGroup by 41.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 444 shares of the construction company's stock valued at $48,000 after buying an additional 131 shares during the period. Finally, Oakworth Capital Inc. boosted its position in PulteGroup by 642.2% during the fourth quarter. Oakworth Capital Inc. now owns 475 shares of the construction company's stock valued at $52,000 after buying an additional 411 shares during the period. Institutional investors own 89.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PHM. Wedbush restated an "outperform" rating and set a $135.00 price target on shares of PulteGroup in a research report on Friday, January 31st. Seaport Res Ptn upgraded shares of PulteGroup from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Oppenheimer cut their price target on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Bank of America cut their price target on shares of PulteGroup from $135.00 to $134.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Finally, Citigroup cut their price target on shares of PulteGroup from $146.00 to $119.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.86.

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Insider Buying and Selling

In other news, Director Brian P. Anderson sold 2,500 shares of PulteGroup stock in a transaction on Monday, February 10th. The shares were sold at an average price of $106.45, for a total transaction of $266,125.00. Following the transaction, the director now owns 56,617 shares in the company, valued at $6,026,879.65. This trade represents a 4.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Todd N. Sheldon sold 15,191 shares of PulteGroup stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total transaction of $1,617,841.50. Following the transaction, the executive vice president now owns 74,758 shares in the company, valued at $7,961,727. This represents a 16.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,191 shares of company stock worth $2,256,367. 0.83% of the stock is owned by insiders.

PulteGroup Stock Down 0.1 %

Shares of NYSE:PHM traded down $0.14 during trading on Tuesday, reaching $103.53. 1,355,640 shares of the stock traded hands, compared to its average volume of 1,849,374. The stock has a 50-day moving average of $108.92 and a two-hundred day moving average of $122.89. PulteGroup, Inc. has a 52-week low of $100.54 and a 52-week high of $149.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $20.96 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 0.29 and a beta of 1.71.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. As a group, sell-side analysts expect that PulteGroup, Inc. will post 12.32 earnings per share for the current fiscal year.

PulteGroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, March 18th. PulteGroup's dividend payout ratio is currently 5.98%.

PulteGroup declared that its Board of Directors has authorized a stock buyback program on Thursday, January 30th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board of directors believes its stock is undervalued.

About PulteGroup

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.