Zurich Insurance Group Ltd FI Has $52.64 Million Stock Position in Brookfield Co. (NYSE:BN)

Zurich Insurance Group Ltd FI raised its holdings in Brookfield Co. (NYSE:BN - Free Report) by 25.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 916,698 shares of the company's stock after acquiring an additional 184,371 shares during the quarter. Zurich Insurance Group Ltd FI owned approximately 0.06% of Brookfield worth $52,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new stake in shares of Brookfield during the fourth quarter worth $29,000. Compass Planning Associates Inc acquired a new stake in shares of Brookfield during the fourth quarter worth $30,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Brookfield during the fourth quarter worth $48,000. Transce3nd LLC acquired a new stake in shares of Brookfield during the fourth quarter worth $51,000. Finally, Promus Capital LLC acquired a new stake in shares of Brookfield during the fourth quarter worth $55,000. 61.60% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Stock Down 0.7%

Brookfield stock opened at $59.34 on Tuesday. Brookfield Co. has a 1-year low of $39.97 and a 1-year high of $62.78. The firm has a market capitalization of $97.76 billion, a price-to-earnings ratio of 197.81 and a beta of 1.64. The firm's fifty day moving average price is $52.64 and its two-hundred day moving average price is $56.13. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 1.40.

Brookfield (NYSE:BN - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. Brookfield had a net margin of 0.75% and a return on equity of 3.93%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. On average, equities research analysts predict that Brookfield Co. will post 3.85 earnings per share for the current fiscal year.

Brookfield Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, June 13th. Brookfield's payout ratio is currently 128.57%.

Analyst Ratings Changes

BN has been the topic of several research analyst reports. Scotiabank cut their target price on shares of Brookfield from $71.00 to $68.00 and set a "sector outperform" rating on the stock in a research note on Monday, April 7th. CIBC cut their target price on shares of Brookfield from $74.00 to $72.00 and set an "outperformer" rating on the stock in a research note on Friday, May 9th. Morgan Stanley cut their target price on shares of Brookfield from $83.00 to $61.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. cut their target price on shares of Brookfield from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, TD Securities cut their target price on shares of Brookfield from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $63.00.

Brookfield Profile

Brookfield Corporation is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.

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