Factory Mutual Insurance Co. Increases Stake in Brookfield Co.

Factory Mutual Insurance Co. has increased its ownership of Brookfield Co. (NYSE:BN - Free Report) by 34.5% during the fourth quarter, as reported in their latest filing with the Securities and Exchange Commission. Following this increase, the institutional investor now holds 374,000 shares of Brookfield, after acquiring an additional 96,000 shares during this period. The estimated value of Factory Mutual Insurance Co.'s holdings in Brookfield stands at around $21,486,000 at the close of the recent reporting period.

Additionally, several other hedge funds have made adjustments to their positions in Brookfield. For instance, Caprock Group LLC raised its stake by 41.6% in the fourth quarter, now controlling 17,466 shares valued at approximately $1,003,000 after purchasing an extra 5,134 shares. Mediolanum International Funds Ltd established a new stake in Brookfield valued at about $357,000 during the same period. Emeth Value Capital LLC also made a significant acquisition, securing a new stake valued at roughly $23,001,000. Forsta AP Fonden increased its holdings by 4.9%, now owning 287,200 shares worth around $16,499,000 after buying an additional 13,300 shares. Finally, Foundations Investment Advisors LLC raised its position by 3.9%, and holds 24,208 shares valued at about $1,391,000 after acquiring an extra 915 shares. Currently, hedge funds and institutional investors own a significant 61.60% of Brookfield's stock.

Analyst Perspectives on Brookfield

Multiple research firms have recently given their assessments of Brookfield stock. Scotiabank raised their price target from $65.00 to $69.00, rating the stock as "sector outperform" in a note released on November 15. BMO Capital Markets maintained its "outperform" rating while updating the price target to $62.00 from $50.00 as of the same date. Morgan Stanley initiated coverage on Brookfield on January 23, issuing an "overweight" rating and setting a price target of $80.00. On January 23, CIBC also raised their price objective from $68.00 to $70.00, rating the stock an "outperformer." Currently, two analysts have rated the stock as a hold, while six others classified it as a buy. According to MarketBeat.com, Brookfield currently enjoys an average rating of "Moderate Buy" with an average price target of $60.06.

Recent Stock Performance

Brookfield's stock opened at $61.20 on Friday, reflecting a 1.4% decrease. The stock has established a 50-day moving average price of $58.68 and a 200-day moving average of $53.64. Over the past year, Brookfield has seen a low of $38.18 and a high of $62.78. The company has a market capitalization of $100.73 billion, a price-to-earnings (P/E) ratio of 130.22, and a beta of 1.56. Furthermore, Brookfield's financial metrics indicate a current ratio of 1.17, a quick ratio of 1.03, and a debt-to-equity ratio of 1.40.

Brookfield's Dividend Update

The company has recently declared a quarterly dividend, which was paid on December 31. Shareholders who were recorded on December 16 received $0.08 per share, translating into an annualized dividend of $0.32, representing a dividend yield of 0.52%. The ex-dividend date was also December 16, and Brookfield's current dividend payout ratio stands at 68.09%.

About Brookfield Co.

Brookfield Corporation is known as an alternative asset manager and operates as a real estate investment trust (REIT). The firm specializes in real estate, renewable energy, infrastructure, venture capital, and private equity assets. Brookfield manages a broad spectrum of investment products and services designed for both institutional and retail clients.

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