Markel Group Inc. Has $56.83 Million Position in Franco-Nevada Co. (NYSE:FNV)

Markel Group Inc. grew its holdings in shares of Franco-Nevada Co. (NYSE:FNV - Free Report) TSE: FNV by 39.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 483,250 shares of the basic materials company's stock after purchasing an additional 137,750 shares during the quarter. Markel Group Inc. owned about 0.25% of Franco-Nevada worth $56,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Covea Finance raised its holdings in Franco-Nevada by 2.7% in the 4th quarter. Covea Finance now owns 101,320 shares of the basic materials company's stock worth $11,895,000 after acquiring an additional 2,700 shares during the period. Horizon Kinetics Asset Management LLC raised its holdings in Franco-Nevada by 1.9% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 935,834 shares of the basic materials company's stock worth $116,277,000 after acquiring an additional 17,232 shares during the period. Telemark Asset Management LLC raised its holdings in Franco-Nevada by 66.7% in the 3rd quarter. Telemark Asset Management LLC now owns 50,000 shares of the basic materials company's stock worth $6,212,000 after acquiring an additional 20,000 shares during the period. Victory Capital Management Inc. raised its holdings in Franco-Nevada by 13.9% in the 3rd quarter. Victory Capital Management Inc. now owns 3,489,240 shares of the basic materials company's stock worth $433,538,000 after acquiring an additional 424,810 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Franco-Nevada by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company's stock worth $49,702,000 after acquiring an additional 16,029 shares during the period. Institutional investors own 77.06% of the company's stock.

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Franco-Nevada Stock Performance

Shares of NYSE FNV traded up $3.32 during trading on Friday, reaching $153.45. The company had a trading volume of 1,148,051 shares, compared to its average volume of 619,850. Franco-Nevada Co. has a 52 week low of $112.70 and a 52 week high of $156.15. The stock has a market cap of $29.55 billion, a PE ratio of -48.56, a PEG ratio of 9.78 and a beta of 0.73. The business's 50 day moving average price is $136.05 and its 200-day moving average price is $127.90.

Franco-Nevada (NYSE:FNV - Get Free Report) TSE: FNV last announced its earnings results on Monday, March 10th. The basic materials company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Franco-Nevada had a negative net margin of 55.28% and a positive return on equity of 10.55%. The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $304.33 million. During the same period in the previous year, the firm posted $0.90 earnings per share. The company's revenue was up 5.8% on a year-over-year basis. Equities analysts anticipate that Franco-Nevada Co. will post 3.09 earnings per share for the current year.

Franco-Nevada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 13th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Franco-Nevada's previous quarterly dividend of $0.36. The ex-dividend date is Thursday, March 13th. Franco-Nevada's payout ratio is 53.15%.

Analyst Ratings Changes

Several analysts have issued reports on FNV shares. StockNews.com upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. UBS Group raised their price target on shares of Franco-Nevada from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday. Canaccord Genuity Group upgraded shares of Franco-Nevada from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. Royal Bank of Canada lifted their target price on shares of Franco-Nevada from $145.00 to $155.00 and gave the company a "sector perform" rating in a research report on Tuesday, February 11th. Finally, Raymond James lifted their target price on shares of Franco-Nevada from $160.00 to $162.00 and gave the company an "outperform" rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Franco-Nevada has an average rating of "Moderate Buy" and a consensus target price of $153.63.

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.