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Manufacturers’ Life Insurance Company cut its position in Brunswick (NYSE:BC – Get Rating) stock by 4.9% in the third quarter, according to the latest disclosure to the Securities and Exchange Commission. Institutional investors owned 60,414 shares of the company after he sold 3,110 shares during the period. Manufacturers’ Life Insurance Company owned approximately 0.08% of Brunswick worth $3,954,000 at the end of the most recent reporting period.
Several other large investors have also recently changed their holdings in BC. Steward Partners Investment Advisory LLC increased his holding of Brunswick shares by 492.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 444 shares worth $29,000 after purchasing an additional 369 shares during this period. International Assets Investment Management LLC increased its holding of Brunswick shares by 10,038.0% in the third quarter. International Assets Investment Management LLC now owns 10,949 shares of the company worth $38,000 after he purchased an additional 10,841 shares during this period. Northwestern Mutual Wealth Management Co. increased its holding in Brunswick by 36.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 639 shares of the company worth $42,000 after purchasing an additional 170 shares during this period. Neo Ivy Capital Management purchased a new position in Brunswick stock for approximately $46,000 in the second quarter. Finally, Total Clarity Wealth Management Inc. purchased approximately $48,000 worth of new Brunswick stock in the second quarter. Hedge funds and other institutional investors own 93.01% of the company’s shares.
Wall Street analyst opinion
Several research firms have recently commented on BC. Truist Financial raised Brunswick’s price target to $95.00 from his $90.00 in a report on Friday, Jan. 6. Robert W. Baird lowered his price target on Brunswick stock to $100.00 from his $120.00, setting an “outperform” rating in a research note on Friday, Oct. 28. B. Riley raised his price target for Brunswick to $88.00 from his $83.00 in research notes on Friday, Oct. 28. StockNews.com upgraded Brunswick’s rating from ‘hold’ to ‘buy’ in its research notes on Wednesday, Jan. 18. Finally, DA Davidson lowered his rating on Brunswick from ‘buy’ to ‘neutral’ and his price target from $90.00 to $82.00 in his research notes on Tuesday, November 15th. Two of his research analysts gave the stock his hold rating, and twelve assigned a buy rating to the company’s stock. Based on MarketBeat.com data, Brunswick has an average rating of “moderate buy” with a consensus price target of $97.00.
Brunswick Stock Performance
Brunswick shares Wednesday opened at $84.33. His 50-day simple moving average for the stock is $74.85 and its 200-day simple moving average is $74.10. His 52-week low at Brunswick Co. is $61.89 and his 52-week high is $98.49. The stock has a market cap of $6.11 billion, a price/earnings ratio of 10.11, and a beta of 1.54. The company has an equity ratio of 1.21, a quick ratio of 0.84 and a current ratio of 1.88.
Brunswick company profile
(get rating)
Brunswick Corp. designs, manufactures, and markets recreational marine products, including marine engines, boats, and parts and accessories for those products. It operates through the Propulsion, Parts and Accessories, Boats, and Corporate/Other segments. The Propulsion Division manufactures a full range of outboards, sterndrives and inboards, as well as propulsion related controls, propellers, rigging components and accessories.
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