Cigna Investments Inc. New Invests $1.44 Million in Taylor Morrison Home Corp (NASDAQ:TMHC)

Cigna Investments Inc. New purchased a new position in shares of Taylor Morrison Home Corp (NASDAQ:TMHC) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 60,131 shares of the construction company’s stock, valued at approximately $1,444,000.

Other large investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Taylor Morrison Home Corp by 34.2% in the first quarter. Victory Capital Management Inc. now owns 6,315 shares of the construction company’s stock worth $135,000 after buying an additional 1,608 shares during the period. UBS Group AG raised its position in shares of Taylor Morrison Home Corp by 4.7% in the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock valued at $147,000 after buying an additional 307 shares during the last quarter. Great West Life Assurance Co. Can raised its position in shares of Taylor Morrison Home Corp by 52.9% in the second quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock valued at $165,000 after buying an additional 2,382 shares during the last quarter. Legal & General Group Plc raised its position in shares of Taylor Morrison Home Corp by 25.6% in the first quarter. Legal & General Group Plc now owns 9,338 shares of the construction company’s stock valued at $199,000 after buying an additional 1,906 shares during the last quarter. Finally, Hancock Holding Co. bought a new position in shares of Taylor Morrison Home Corp during the first quarter valued at $204,000.

Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) opened at 22.50 on Thursday. The company has a 50-day moving average of $23.62 and a 200 day moving average of $22.17. The company has a market capitalization of $1.33 billion and a P/E ratio of 12.51. Taylor Morrison Home Corp has a 12 month low of $15.82 and a 12 month high of $24.79.

Taylor Morrison Home Corp (NASDAQ:TMHC) last issued its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The business had revenue of $908.49 million for the quarter, compared to the consensus estimate of $849.70 million. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. Analysts forecast that Taylor Morrison Home Corp will post $1.94 EPS for the current year.

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Several research firms have recently commented on TMHC. Deutsche Bank AG increased their price target on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday. Zacks Investment Research downgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. BidaskClub downgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine raised shares of Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, FBR & Co increased their price target on shares of Taylor Morrison Home Corp from $21.00 to $23.00 and gave the stock a “mkt perform” rating in a research note on Friday, April 28th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $23.00.

Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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Institutional Ownership by Quarter for Taylor Morrison Home Corp (NASDAQ:TMHC)

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