Factory Mutual Insurance Co. Purchases 70,970 Shares of KKR & Co. Inc. $KKR

Key Points

• Factory Mutual Insurance Co. increased its KKR stake by 19.2% in the third quarter, buying 70,970 shares and bringing its holdings to 439,895 shares, valued at about $40.2 million.
• Institutional investors and hedge funds own 76.26% of KKR shares. KKR opened at $95.85, within a 12-month range of $82.67 to $144.84.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $123.58; 17 analysts rate the stock Buy and four rate it Hold.

Factory Mutual Insurance Co. raised its position in KKR & Co. Inc. (NYSE:KKR - Free Report) by 19.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 439,895 shares of the asset manager's stock after buying an additional 70,970 shares during the period. Factory Mutual Insurance Co.'s holdings in KKR & Co. Inc. were worth $40,162,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Silvant Capital Management LLC acquired a new position in shares of KKR & Co. Inc. during the second quarter valued at $34,000. Global Assets Advisory LLC bought a new position in KKR & Co. Inc. in the first quarter valued at about $46,000. Eastern Bank increased its position in KKR & Co. Inc. by 28.1% in the third quarter. Eastern Bank now owns 547 shares of the asset manager's stock worth $50,000 after purchasing an additional 120 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in KKR & Co. Inc. by 54.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 631 shares of the asset manager's stock worth $58,000 after purchasing an additional 223 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in KKR & Co. Inc. in the third quarter worth about $61,000. 76.26% of the stock is owned by institutional investors and hedge funds.

KKR & Co. Inc. Stock Performance

KKR stock opened at $95.85 on Wednesday. KKR & Co. Inc. has a twelve month low of $82.67 and a twelve month high of $144.84. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.71. The company has a market cap of $86.04 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.72. The business's fifty day moving average is $96.60 and its 200-day moving average is $98.78.

Insider Activity at KKR & Co. Inc.

In related news, insider Dane Holmes sold 10,000 shares of the company's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $108.58, for a total value of $1,085,800.00. Following the completion of the sale, the insider owned 8,513 shares in the company, valued at approximately $924,341.54. This represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 23.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KKR. UBS Group dropped their price objective on KKR & Co. Inc. from $123.00 to $122.00 and set a "buy" rating for the company in a report on Tuesday, October 13th. TD Cowen reduced their target price on shares of KKR & Co. Inc. from $118.00 to $103.00 and set a "hold" rating on the stock in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of KKR & Co. Inc. from $111.00 to $116.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. HSBC lowered their price target on shares of KKR & Co. Inc. from $121.00 to $115.00 and set a "buy" rating for the company in a research report on Thursday, October 1st. Finally, BMO Capital Markets dropped their price target on shares of KKR & Co. Inc. from $118.00 to $109.00 and set an "outperform" rating for the company in a research note on Tuesday, October 27th. Seventeen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, KKR & Co. Inc. has a consensus rating of "Moderate Buy" and a consensus target price of $123.58.

KKR & Co. Inc. Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.

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