67,950 Brookfield Corporation $BN Shares Bought by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. lifted its position in shares of Brookfield Corporation (NYSE:BN) by 14.3% during the third quarter, Holdings Channel.com reports. The firm owned 544,500 shares of the company’s stock after buying an additional 67,950 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Brookfield were worth $19,852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in BN. Mirae Asset Global Investments Co. Ltd. acquired a new position in Brookfield in the 3rd quarter valued at $131,000. Vise Technologies Inc. increased its position in Brookfield by 3.6% during the 3rd quarter. Vise Technologies Inc. now owns 70,394 shares of the company’s stock worth $2,567,000 after buying an additional 2,459 shares during the period. Blue Fin Capital Inc. increased its position in Brookfield by 1.2% during the 3rd quarter. Blue Fin Capital Inc. now owns 98,135 shares of the company’s stock worth $3,578,000 after buying an additional 1,125 shares during the period. Modera Wealth Management LLC increased its position in Brookfield by 5.0% during the 3rd quarter. Modera Wealth Management LLC now owns 6,737 shares of the company’s stock worth $246,000 after buying an additional 322 shares during the period. Finally, Choreo LLC lifted its holdings in shares of Brookfield by 10.1% during the third quarter. Choreo LLC now owns 23,467 shares of the company’s stock worth $884,000 after buying an additional 2,153 shares in the last quarter. Institutional investors own 61.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Brookfield from a “hold” rating to a “strong sell” rating in a report on Monday, October 19th. Scotia upped their price target on shares of Brookfield from $53.00 to $54.00 and gave the company a “sector outperform” rating in a research note on Friday, August 14th. Morgan Stanley set a $59.00 price target on shares of Brookfield and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Brookfield in a research report on Monday, September 21st. Finally, TD lifted their price objective on shares of Brookfield from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $57.40.

Brookfield Trading Down 2.1%

Shares of NYSE:BN opened at $40.59 on Wednesday. The company has a market capitalization of $99.53 billion, a P/E ratio of 73.80 and a beta of 1.53. Brookfield Corporation has a 1 year low of $35.61 and a 1 year high of $49.56. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.34 and a quick ratio of 1.22. The business’s 50 day simple moving average is $38.17 and its 200 day simple moving average is $42.52.

Brookfield (NYSE:BN) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Brookfield had a return on equity of 3.93% and a net margin of 1.85%. On average, research analysts anticipate that Brookfield Corporation will post 2.88 EPS for the current fiscal year.

Brookfield Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Monday, September 14th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 14th. Brookfield’s dividend payout ratio is 50.91%.

Brookfield Company Profile

Brookfield Corporation (NYSE: BN) is a global investment and asset management company headquartered in Toronto, Canada. Through its businesses and investments, the company owns and operates assets across real estate, renewable power and energy transition, infrastructure, private equity and related sectors.

Brookfield’s portfolio includes office, retail, residential and logistics properties; renewable power generation and energy-transition projects; transportation, utility and data infrastructure; and operating companies in industries such as business services, industrials and technology.