Achmea Investment Management B.V. Decreases Stake in PulteGroup, Inc. $PHM

Achmea Investment Management B.V. cut its holdings in shares of PulteGroup, Inc. (NYSE:PHM) by 5.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,631 shares of the construction company’s stock after selling 6,214 shares during the period. Achmea Investment Management B.V. owned about 0.05% of PulteGroup worth $13,692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PHM. Captrust Financial Advisors boosted its holdings in PulteGroup by 6.8% in the third quarter. Captrust Financial Advisors now owns 1,061,377 shares of the construction company’s stock valued at $140,240,000 after purchasing an additional 67,770 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in PulteGroup by 26.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,115 shares of the construction company’s stock worth $808,000 after buying an additional 1,293 shares during the last quarter. Aspire Private Capital LLC grew its position in shares of PulteGroup by 6.5% in the 3rd quarter. Aspire Private Capital LLC now owns 11,659 shares of the construction company’s stock worth $1,540,000 after acquiring an additional 709 shares in the last quarter. Danske Bank A S acquired a new position in shares of PulteGroup in the 3rd quarter worth approximately $25,325,000. Finally, Fulcrum Asset Management LLP bought a new stake in shares of PulteGroup in the 3rd quarter valued at approximately $47,000. 89.90% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Stock Performance

Shares of NYSE PHM opened at $117.00 on Thursday. PulteGroup, Inc. has a 12-month low of $88.07 and a 12-month high of $144.49. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.13. The company has a market cap of $22.42 billion, a PE ratio of 10.52, a P/E/G ratio of 1.42 and a beta of 1.32. The stock has a 50 day simple moving average of $131.12 and a 200-day simple moving average of $127.24.

PulteGroup Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Tuesday, March 17th. PulteGroup’s payout ratio is 9.35%.

Insider Buying and Selling

In related news, COO Matthew William Koart sold 15,309 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $135.79, for a total transaction of $2,078,809.11. Following the transaction, the chief operating officer owned 42,418 shares in the company, valued at $5,759,940.22. This trade represents a 26.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Todd N. Sheldon sold 14,220 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $135.01, for a total value of $1,919,842.20. Following the sale, the executive vice president directly owned 69,753 shares in the company, valued at approximately $9,417,352.53. The trade was a 16.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 149,952 shares of company stock worth $20,162,165. Company insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer restated an “outperform” rating and set a $149.00 price objective (up from $140.00) on shares of PulteGroup in a research note on Friday, January 30th. Citigroup boosted their target price on shares of PulteGroup from $128.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Weiss Ratings raised shares of PulteGroup from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Truist Financial began coverage on shares of PulteGroup in a report on Wednesday, March 4th. They issued a “buy” rating and a $170.00 price target for the company. Finally, Zacks Research downgraded shares of PulteGroup from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PulteGroup has an average rating of “Moderate Buy” and a consensus price target of $142.71.

PulteGroup Company Profile

PulteGroup, Inc (NYSE: PHM) is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.