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Markel Group Inc. Has $1.59 Million Holdings in Brunswick Corporation (NYSE:BC)

Brunswick logo with Consumer Discretionary background

Markel Group Inc. increased its stake in Brunswick Corporation (NYSE:BC - Free Report) by 96.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,500 shares of the company's stock after acquiring an additional 14,500 shares during the period. Markel Group Inc.'s holdings in Brunswick were worth $1,589,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Deutsche Bank AG boosted its holdings in Brunswick by 0.6% during the fourth quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock worth $1,813,000 after buying an additional 160 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Brunswick by 33.3% during the first quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock worth $58,000 after buying an additional 269 shares in the last quarter. Xponance Inc. lifted its position in shares of Brunswick by 4.9% in the 4th quarter. Xponance Inc. now owns 7,617 shares of the company's stock valued at $493,000 after acquiring an additional 359 shares in the last quarter. Snowden Capital Advisors LLC lifted its position in shares of Brunswick by 6.4% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company's stock valued at $407,000 after acquiring an additional 378 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Brunswick by 59.3% in the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock valued at $69,000 after acquiring an additional 475 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on BC shares. Jefferies Financial Group reduced their price target on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Truist Financial reduced their price target on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Benchmark initiated coverage on shares of Brunswick in a research report on Monday, April 28th. They issued a "buy" rating and a $70.00 target price for the company. Robert W. Baird increased their target price on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Finally, Baird R W downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.00.

Read Our Latest Research Report on Brunswick

Insider Buying and Selling at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the business's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the transaction, the vice president directly owned 44,466 shares in the company, valued at $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.81% of the company's stock.

Brunswick Stock Performance

NYSE BC traded up $0.07 during midday trading on Friday, hitting $59.67. The company had a trading volume of 669,640 shares, compared to its average volume of 806,736. The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 1.12. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 49.31 and a beta of 1.27. The firm has a fifty day simple moving average of $55.46 and a two-hundred day simple moving average of $56.74. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.31. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.14 billion. Brunswick had a net margin of 1.62% and a return on equity of 12.88%. The business's quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the business posted $1.35 EPS. Equities analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 annualized dividend and a dividend yield of 2.88%. Brunswick's dividend payout ratio (DPR) is currently 142.15%.

Brunswick Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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