Great West Life Assurance Co. Can Has $3.55 Million Holdings in Brunswick Co. (NYSE:BC)

Great West Life Assurance Co. Can boosted its position in Brunswick Co. (NYSE:BCGet Rating) by 8.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,262 shares of the company’s stock after buying an additional 4,207 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.07% of Brunswick worth $3,553,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M&G Investment Management Ltd. grew its position in Brunswick by 7.3% in the 3rd quarter. M&G Investment Management Ltd. now owns 62,772 shares of the company’s stock worth $4,080,000 after purchasing an additional 4,244 shares during the last quarter. International Assets Investment Management LLC grew its position in Brunswick by 10,038.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,949 shares of the company’s stock worth $38,000 after purchasing an additional 10,841 shares during the last quarter. Comerica Bank grew its position in Brunswick by 6.4% in the 3rd quarter. Comerica Bank now owns 60,069 shares of the company’s stock worth $4,088,000 after purchasing an additional 3,600 shares during the last quarter. US Bancorp DE grew its position in Brunswick by 1.9% in the 3rd quarter. US Bancorp DE now owns 8,629 shares of the company’s stock worth $565,000 after purchasing an additional 159 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Brunswick by 9.9% in the 3rd quarter. Van ECK Associates Corp now owns 2,342 shares of the company’s stock worth $153,000 after purchasing an additional 211 shares during the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on BC shares. B. Riley raised their price target on shares of Brunswick from $83.00 to $88.00 in a research report on Friday, October 28th. Citigroup decreased their target price on shares of Brunswick from $106.00 to $104.00 in a research report on Friday, October 28th. DA Davidson lowered shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their target price for the company from $90.00 to $82.00 in a research report on Tuesday, November 15th. Jefferies Financial Group reiterated a “buy” rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, December 9th. Finally, MKM Partners decreased their target price on shares of Brunswick from $96.00 to $91.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $97.00.

Brunswick Trading Up 2.8 %

Shares of BC stock opened at $80.17 on Tuesday. Brunswick Co. has a 12-month low of $61.89 and a 12-month high of $98.49. The company has a market capitalization of $5.81 billion, a P/E ratio of 9.61 and a beta of 1.54. The company has a quick ratio of 0.84, a current ratio of 1.88 and a debt-to-equity ratio of 1.21. The firm has a 50-day moving average price of $73.91 and a 200 day moving average price of $73.67.

Brunswick (NYSE:BCGet Rating) last announced its earnings results on Thursday, October 27th. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.05. Brunswick had a net margin of 9.56% and a return on equity of 36.52%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.77 billion. Research analysts forecast that Brunswick Co. will post 10.01 earnings per share for the current fiscal year.

Brunswick Company Profile

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Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products, including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts and Accessories, Boat, and Corporate/Other. The Propulsion segment manufactures a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories.

See Also

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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