American International Group Inc. Sells 5,444 Shares of Brunswick Co. (NYSE:BC)

American International Group Inc. lessened its holdings in shares of Brunswick Co. (NYSE:BC) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,005 shares of the company’s stock after selling 5,444 shares during the period. American International Group Inc. owned 0.14% of Brunswick worth $8,998,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BC. Valley National Advisers Inc. purchased a new position in shares of Brunswick in the 3rd quarter worth about $25,000. Principal Securities Inc. purchased a new position in shares of Brunswick in the 4th quarter worth about $28,000. Johnson Financial Group Inc. purchased a new position in shares of Brunswick in the 4th quarter worth about $30,000. SRS Capital Advisors Inc. raised its position in shares of Brunswick by 347.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock worth $42,000 after purchasing an additional 337 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its position in Brunswick by 14,566.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 440 shares of the company’s stock worth $43,000 after buying an additional 437 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BC shares. Benchmark started coverage on Brunswick in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $100.00 target price for the company. Morgan Stanley decreased their target price on Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. DA Davidson reissued a “neutral” rating and issued a $77.00 target price on shares of Brunswick in a research report on Friday, March 15th. BNP Paribas reissued a “neutral” rating and issued a $82.00 target price (down previously from $94.00) on shares of Brunswick in a research report on Monday, April 15th. Finally, Roth Mkm reissued a “buy” rating and issued a $94.00 target price on shares of Brunswick in a research report on Thursday, April 25th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Brunswick presently has an average rating of “Moderate Buy” and a consensus price target of $93.38.

Insiders Place Their Bets

In other Brunswick news, VP Brenna Preisser sold 1,225 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total value of $100,560.25. Following the completion of the transaction, the vice president now directly owns 58,076 shares in the company, valued at approximately $4,767,458.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total transaction of $28,681.38. Following the sale, the director now directly owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brenna Preisser sold 1,225 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total value of $100,560.25. Following the sale, the vice president now directly owns 58,076 shares in the company, valued at $4,767,458.84. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Trading Down 1.4 %

Shares of NYSE:BC opened at $73.76 on Wednesday. The stock has a 50 day moving average of $81.09 and a 200 day moving average of $86.42. The company has a market cap of $4.98 billion, a PE ratio of 13.71 and a beta of 1.55. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16. Brunswick Co. has a 12-month low of $66.47 and a 12-month high of $99.68.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The company’s revenue was down 21.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.57 earnings per share. As a group, equities research analysts expect that Brunswick Co. will post 7.39 EPS for the current year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, May 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.28%. Brunswick’s dividend payout ratio (DPR) is presently 31.23%.

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.