Markel Group Inc. Grows Stake in Franco-Nevada Corporation (NYSE:FNV)

Markel Group Inc. increased its holdings in Franco-Nevada Corporation (NYSE:FNV - Free Report) TSE: FNV by 8.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 525,250 shares of the basic materials company's stock after acquiring an additional 42,000 shares during the quarter. Markel Group Inc. owned approximately 0.27% of Franco-Nevada worth $82,758,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Franco-Nevada in the 4th quarter worth approximately $12,280,000. Envestnet Portfolio Solutions Inc. boosted its position in Franco-Nevada by 41.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,484 shares of the basic materials company's stock worth $1,350,000 after purchasing an additional 3,341 shares in the last quarter. Harbour Investments Inc. grew its holdings in Franco-Nevada by 25.8% in the fourth quarter. Harbour Investments Inc. now owns 453 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 93 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Franco-Nevada by 154.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,277 shares of the basic materials company's stock valued at $150,000 after buying an additional 776 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Franco-Nevada by 23.1% during the 4th quarter. Parallel Advisors LLC now owns 2,692 shares of the basic materials company's stock worth $317,000 after buying an additional 505 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Franco-Nevada Trading Up 1.0%

Shares of NYSE FNV traded up $1.60 on Monday, reaching $156.00. 622,641 shares of the company traded hands, compared to its average volume of 752,457. The company has a 50 day moving average of $164.67 and a 200 day moving average of $153.63. Franco-Nevada Corporation has a fifty-two week low of $112.70 and a fifty-two week high of $179.99. The stock has a market capitalization of $30.05 billion, a PE ratio of 48.75, a P/E/G ratio of 2.08 and a beta of 0.41.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last posted its quarterly earnings results on Thursday, May 8th. The basic materials company reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.07. Franco-Nevada had a net margin of 50.39% and a return on equity of 11.40%. The company had revenue of $368.40 million for the quarter, compared to the consensus estimate of $328.79 million. During the same quarter last year, the firm posted $0.76 earnings per share. Franco-Nevada's revenue was up 43.5% on a year-over-year basis. As a group, research analysts expect that Franco-Nevada Corporation will post 3.09 earnings per share for the current year.

Franco-Nevada Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, June 12th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, June 12th. This represents a $1.52 annualized dividend and a yield of 0.97%. Franco-Nevada's dividend payout ratio is presently 47.50%.

Wall Street Analysts Forecast Growth

FNV has been the subject of a number of recent research reports. National Bankshares reissued a "sector perform" rating on shares of Franco-Nevada in a research note on Tuesday, June 24th. Royal Bank Of Canada raised their price target on Franco-Nevada from $160.00 to $190.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. BMO Capital Markets reissued an "outperform" rating on shares of Franco-Nevada in a report on Wednesday, May 28th. UBS Group increased their price objective on Franco-Nevada from $205.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Finally, Wall Street Zen raised shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $172.13.

Franco-Nevada Company Profile

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.