62,991 Shares in Brunswick Co. (NYSE:BC) Bought by Verition Fund Management LLC

Verition Fund Management LLC acquired a new stake in shares of Brunswick Co. (NYSE:BC) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,991 shares of the company’s stock, valued at approximately $5,280,000. Verition Fund Management LLC owned about 0.10% of Brunswick as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in shares of Brunswick by 0.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after purchasing an additional 145 shares in the last quarter. Inspire Investing LLC grew its holdings in Brunswick by 2.8% during the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after purchasing an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Brunswick by 3.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after buying an additional 174 shares in the last quarter. Comerica Bank raised its stake in shares of Brunswick by 0.6% in the first quarter. Comerica Bank now owns 35,548 shares of the company’s stock worth $3,431,000 after buying an additional 205 shares during the period. Finally, CWM LLC lifted its position in shares of Brunswick by 21.6% during the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after buying an additional 235 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Citigroup increased their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Benchmark reissued a “buy” rating and issued a $100.00 price objective on shares of Brunswick in a research note on Friday, October 25th. Finally, B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and dropped their target price 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 assigned a buy rating to the stock. According to MarketBeat, Brunswick has an average rating of “Moderate Buy” and a consensus target price of $88.54.

Brunswick Trading Down 0.7 %

Shares of BC stock opened at $79.92 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 19.99 and a beta of 1.51. Brunswick Co. has a 12-month low of $69.05 and a 12-month high of $99.68. The stock’s 50-day moving average price is $81.74 and its 200-day moving average price is $78.70.

Brunswick Dividend Announcement

The company also recently disclosed 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. This represents a $1.68 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Wednesday, November 20th. Brunswick’s payout ratio is 41.79%.

Insider Transactions at Brunswick

In other news, Director Nancy E. Cooper sold 366 shares of the business’s stock in a transaction dated 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. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. The trade was a 8.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock valued at $2,321,176 in the last ninety days. Corporate insiders own 0.81% of the company’s stock.

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.