Benzinga | Dec 13, 2021 11:26AM EST

Taylor Morrison Home Renews Stock Buyback Program

* Taylor Morrison Home Corp's (NYSE:TMHC) Board of Directors has authorized a renewal of its stock repurchase program through June 30, 2024.

* The program permits the repurchase of up to $250 million of the common stock, replacing the prior $250 million buyback approval scheduled to expire on December 31, 2022.

* The company held $374.9 million in cash and equivalents as of September 30, 2021.

* Price Action: TMHC shares are trading lower by 1.62% at $34.41 on the last check Monday.