Factory Mutual Insurance Co. Increases Stake in Brookfield Co.

Factory Mutual Insurance Co. has significantly increased its investment in Brookfield Co. (NYSE:BN - Free Report) by 34.5% during the fourth quarter, as reported in its recent filing with the Securities and Exchange Commission. Following this acquisition, the institutional investor now holds 374,000 shares of Brookfield's stock, having purchased an additional 96,000 shares during this timeframe. As of the end of the latest reporting period, Factory Mutual Insurance Co.'s holdings in Brookfield were valued at approximately $21,486,000.

Other Institutional Investments

Several other hedge funds have also recently adjusted their positions in Brookfield. For instance, Caprock Group LLC enhanced its stake by 41.6% during the fourth quarter and now owns 17,466 shares, valued at roughly $1,003,000, after buying an additional 5,134 shares. Meanwhile, Mediolanum International Funds Ltd acquired a new stake valued at approximately $357,000, while Emeth Value Capital LLC made a remarkable investment of around $23,001,000 to acquire a new position in Brookfield. Additionally, Forsta AP Fonden increased its holdings by 4.9% during the fourth quarter, with its total ownership now at 287,200 shares worth $16,499,000 after purchasing an extra 13,300 shares. Foundations Investment Advisors LLC also saw a 3.9% increase in their stake, owning 24,208 shares valued at about $1,391,000 after acquiring an additional 915 shares during the same period. Approximately 61.60% of Brookfield's stock is held by hedge funds and various institutional investors.

Analyst Ratings

A number of research firms have provided updates on Brookfield. On November 15th, Scotiabank raised its price target for Brookfield from $65.00 to $69.00 and designated the company with a "sector outperform" rating. In the same vein, BMO Capital Markets reiterated an "outperform" rating, raising its price target to $62.00, up from a previous $50.00. Furthermore, Morgan Stanley commenced coverage on Brookfield on January 23rd, assigning it an "overweight" rating with a price target of $80.00. CIBC also increased their target for Brookfield shares from $68.00 to $70.00, maintaining an "outperformer" rating. In total, two research analysts have assigned a hold rating, while six analysts have given a buy rating, resulting in an average market rating of "Moderate Buy" with a consensus price target of $60.06, as per data from MarketBeat.com.

Current Stock Performance

As of the latest trading session, Brookfield stock registered at $61.20. The company has a 50-day moving average of $58.68 and a 200-day moving average of $53.64. Brookfield's stock has fluctuated between a 52-week low of $38.18 and a high of $62.78. It currently holds a market capitalization of $100.73 billion and has a PE ratio of 130.22, with a beta of 1.56. Additional financial metrics include a current ratio of 1.17, a quick ratio of 1.03, and a debt-to-equity ratio of 1.40.

Dividend Information

The firm has recently disclosed a quarterly dividend, which was distributed on December 31st. Shareholders on record as of December 16th received a dividend of $0.08, translating to an annualized dividend of $0.32 and a dividend yield of 0.52%. The ex-dividend date was also set on December 16th. Currently, Brookfield's dividend payout ratio stands at 68.09%.

About Brookfield Co.

Brookfield Corporation is an alternative asset management firm and REIT that focuses on investing in real estate, renewable power, infrastructure, as well as venture capital and private equity assets. The company manages a diverse array of public and private investment products and services aimed at both institutional and retail clients.

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