Markel Group Inc. Buys New Shares in Brunswick Co. (NYSE:BC)

Markel Group Inc. bought a new stake in Brunswick Co. (NYSE:BC) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,000 shares of the company’s stock, valued at approximately $1,173,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its stake in Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after purchasing an additional 437 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Brunswick by 265.3% during the 1st quarter. BNP Paribas Financial Markets now owns 19,980 shares of the company’s stock worth $1,928,000 after acquiring an additional 14,511 shares during the period. Janney Montgomery Scott LLC grew its holdings in Brunswick by 45.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,174 shares of the company’s stock worth $886,000 after acquiring an additional 2,852 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of Brunswick by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 60,224 shares of the company’s stock valued at $5,813,000 after buying an additional 779 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Brunswick by 7.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,905 shares of the company’s stock valued at $280,000 after buying an additional 197 shares during the period. Institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Benchmark reiterated a “buy” rating and set a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. Robert W. Baird dropped their target price on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $70.00 price target (down previously from $115.00) on shares of Brunswick in a report on Friday, July 26th. JPMorgan Chase & Co. reduced their price objective on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Finally, Roth Mkm restated a “buy” rating and set a $94.00 price target on shares of Brunswick in a research report on Thursday, July 25th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.23.

Insider Buying and Selling

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the sale, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the transaction, the chief executive officer now owns 251,094 shares in the company, valued at $20,142,760.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nancy E. Cooper sold 366 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,940 shares of company stock valued at $2,321,176 over the last three months. Corporate insiders own 0.81% of the company’s stock.

Brunswick Stock Performance

Shares of NYSE:BC opened at $83.87 on Friday. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 20.86 and a beta of 1.51. The company has a 50-day moving average price of $81.01 and a 200-day moving average price of $78.90. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Brunswick Co. has a 12 month low of $69.05 and a 12 month high of $99.68.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is 41.79%.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.