Markel Group Inc. Purchases Shares of 14,000 Brunswick Co. (NYSE:BC)

Markel Group Inc. bought a new position in shares of Brunswick Co. (NYSE:BC - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,000 shares of the company's stock, valued at approximately $1,173,000.

A number of other large investors also recently bought and sold shares of BC. Vanguard Group Inc. lifted its holdings in shares of Brunswick by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company's stock worth $701,331,000 after purchasing an additional 160,531 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Brunswick by 2.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,637,962 shares of the company's stock worth $191,964,000 after purchasing an additional 58,583 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Brunswick by 88.0% in the 2nd quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company's stock worth $176,903,000 after purchasing an additional 1,137,568 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Brunswick by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company's stock worth $152,577,000 after purchasing an additional 144,416 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Brunswick by 4.1% in the 2nd quarter. American Century Companies Inc. now owns 1,461,268 shares of the company's stock valued at $106,337,000 after acquiring an additional 57,605 shares during the period. Institutional investors own 99.34% of the company's stock.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.14, for a total value of $380,264.30. Following the transaction, the director now owns 19,218 shares in the company, valued at $1,540,130.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the company's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the sale, the director now owns 19,218 shares in the company, valued at approximately $1,540,130.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the business's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following the transaction, the chief executive officer now directly owns 251,094 shares of the company's stock, valued at $20,142,760.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock worth $2,321,176 over the last 90 days. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Stock Up 0.4 %

Shares of Brunswick stock traded up $0.32 during midday trading on Friday, hitting $83.85. The company's stock had a trading volume of 355,392 shares, compared to its average volume of 649,359. The firm has a market capitalization of $5.53 billion, a P/E ratio of 20.86 and a beta of 1.51. The stock has a 50-day simple moving average of $81.01 and a 200-day simple moving average of $78.90. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. Brunswick Co. has a 1-year low of $69.05 and a 1-year high of $99.68.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. Brunswick's dividend payout ratio (DPR) is currently 41.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BC shares. Citigroup lifted their price target on Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, September 27th. Jefferies Financial Group reissued a "hold" rating and set a $70.00 price objective (down from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Robert W. Baird reduced their price objective on Brunswick from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. Stifel Nicolaus reduced their price objective on Brunswick from $97.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Brunswick from $78.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, July 24th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $89.23.

Brunswick Company Profile

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.