Principal Financial Group Inc. Has $90.17 Million Position in Brunswick Co. (NYSE:BC)

Principal Financial Group Inc. boosted its holdings in shares of Brunswick Co. (NYSE:BC) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,075,845 shares of the company’s stock after buying an additional 28,781 shares during the period. Principal Financial Group Inc. owned approximately 1.63% of Brunswick worth $90,171,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA grew its holdings in Brunswick by 17.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock worth $259,010,000 after buying an additional 452,116 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Brunswick by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock valued at $152,577,000 after purchasing an additional 144,416 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Brunswick by 4.1% during the second quarter. American Century Companies Inc. now owns 1,461,268 shares of the company’s stock valued at $106,337,000 after purchasing an additional 57,605 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Brunswick by 13.5% during the third quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock worth $118,563,000 after purchasing an additional 168,384 shares during the last quarter. Finally, Copeland Capital Management LLC grew its position in Brunswick by 11.9% in the 3rd quarter. Copeland Capital Management LLC now owns 949,094 shares of the company’s stock worth $79,553,000 after purchasing an additional 101,123 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the sale, the director now directly owns 24,557 shares in the company, valued at $1,969,225.83. This represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the transaction, the chief executive officer now owns 251,094 shares of the company’s stock, valued at $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,940 shares of company stock valued at $2,321,176. Corporate insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BC. Citigroup lifted their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Benchmark reaffirmed a “buy” rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Finally, B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and cut their price target for the stock from $95.00 to $88.00 in a report on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.54.

Brunswick Stock Down 0.1 %

Brunswick stock opened at $66.75 on Friday. The firm has a 50 day simple moving average of $79.44 and a 200 day simple moving average of $78.11. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Brunswick Co. has a 1-year low of $66.40 and a 1-year high of $99.68. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 16.60 and a beta of 1.50.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 20th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.52%. Brunswick’s payout ratio is 41.79%.

About Brunswick

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.