KKR & Co. Inc. $KKR Position Lifted by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. raised its position in KKR & Co. Inc. (NYSE:KKR) by 19.2% in the 3rd quarter, Holdings Channel reports. The firm owned 439,895 shares of the asset manager’s stock after buying an additional 70,970 shares during the period. Factory Mutual Insurance Co.’s holdings in KKR & Co. Inc. were worth $40,162,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc acquired a new stake in KKR & Co. Inc. in the second quarter worth $470,778,000. Bank of New York Mellon Corp acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at $298,311,000. Temasek Holdings Private Ltd grew its holdings in shares of KKR & Co. Inc. by 164.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 3,522,797 shares of the asset manager’s stock valued at $325,859,000 after buying an additional 2,190,248 shares during the period. Deutsche Bank AG acquired a new position in shares of KKR & Co. Inc. in the 2nd quarter valued at $148,544,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of KKR & Co. Inc. in the 2nd quarter valued at $147,628,000. Institutional investors own 76.26% of the company’s stock.

KKR & Co. Inc. Stock Performance

Shares of KKR opened at $95.85 on Wednesday. KKR & Co. Inc. has a 12 month low of $82.67 and a 12 month high of $144.84. The firm has a fifty day simple moving average of $96.60 and a 200 day simple moving average of $98.78. The stock has a market capitalization of $86.04 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 0.75 and a beta of 1.72. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.71.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on KKR & Co. Inc. from $125.00 to $134.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Argus boosted their price objective on shares of KKR & Co. Inc. from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. BMO Capital Markets cut their price objective on shares of KKR & Co. Inc. from $118.00 to $109.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 27th. TD Cowen reduced their target price on shares of KKR & Co. Inc. from $118.00 to $103.00 and set a “hold” rating for the company in a research note on Monday, October 12th. Finally, Keefe, Bruyette & Woods upgraded KKR & Co. Inc. to a “moderate buy” rating in a report on Monday, July 20th. Seventeen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.58.

Insider Transactions at KKR & Co. Inc.

In other KKR & Co. Inc. news, insider Dane Holmes sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $108.58, for a total transaction of $1,085,800.00. Following the sale, the insider directly owned 8,513 shares of the company’s stock, valued at $924,341.54. The trade was a 54.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 23.20% of the company’s stock.

KKR & Co. Inc. Company Profile

KKR & Co Inc is a global investment firm that manages alternative assets for institutional investors, sovereign wealth funds, family offices, financial advisers and individual investors. The company invests across a range of asset classes, including private equity, credit, infrastructure, real estate and other investment strategies.

KKR provides investment management and related services through funds, customized investment solutions and capital markets activities. Its platform supports companies and projects with capital, strategic guidance and operational expertise.