Markel Group Inc. Has $599.95 Million Holdings in Brookfield Corporation $BN

Markel Group Inc. boosted its position in shares of Brookfield Corporation (NYSE:BN) by 50.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,073,609 shares of the company’s stock after buying an additional 4,357,868 shares during the quarter. Brookfield makes up about 4.8% of Markel Group Inc.’s holdings, making the stock its 3rd biggest holding. Markel Group Inc.’s holdings in Brookfield were worth $599,948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principle Wealth Partners LLC raised its holdings in Brookfield by 51.4% during the 4th quarter. Principle Wealth Partners LLC now owns 5,337 shares of the company’s stock valued at $245,000 after buying an additional 1,812 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in Brookfield by 15.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 5,367 shares of the company’s stock valued at $246,000 after buying an additional 711 shares during the last quarter. Mraz Amerine & Associates Inc. raised its holdings in Brookfield by 75.0% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 401,542 shares of the company’s stock valued at $18,427,000 after buying an additional 172,044 shares during the last quarter. Addison Advisors LLC raised its holdings in Brookfield by 50.0% during the 4th quarter. Addison Advisors LLC now owns 6,529 shares of the company’s stock valued at $300,000 after buying an additional 2,176 shares during the last quarter. Finally, Heritage Investors Management Corp raised its holdings in Brookfield by 50.0% during the 4th quarter. Heritage Investors Management Corp now owns 30,433 shares of the company’s stock valued at $1,397,000 after buying an additional 10,144 shares during the last quarter. 61.60% of the stock is currently owned by institutional investors.

Brookfield Stock Down 0.2%

Shares of Brookfield stock opened at $45.37 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.20 and a debt-to-equity ratio of 1.54. The company’s fifty day simple moving average is $43.15 and its two-hundred day simple moving average is $44.89. The company has a market cap of $111.19 billion, a P/E ratio of 88.96 and a beta of 1.55. Brookfield Corporation has a 12-month low of $37.54 and a 12-month high of $49.56.

Brookfield Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 15th. Brookfield’s payout ratio is presently 54.90%.

Wall Street Analysts Forecast Growth

BN has been the subject of a number of recent analyst reports. TD upped their price target on shares of Brookfield from $59.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets upped their price target on shares of Brookfield from $49.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Scotiabank reiterated an “outperform” rating and set a $53.00 price target (up from $48.50) on shares of Brookfield in a report on Friday, May 15th. Royal Bank Of Canada lowered their price target on shares of Brookfield from $63.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Finally, Morgan Stanley reissued an “overweight” rating and set a $61.00 price objective (up from $60.00) on shares of Brookfield in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.82.

About Brookfield

Brookfield Corporation (NYSE:BN) is a global alternative asset manager that specializes in real assets. The company invests in and operates businesses across real estate, infrastructure, renewable power and energy, private equity and credit. Its activities span both ownership and active management of physical assets as well as the operation of investment funds and vehicles that provide institutional and retail investors access to long?lived, cash?generating assets.

Brookfield’s services include asset management, direct investing, property development and the operation of infrastructure and energy businesses.