The Manufacturers Life Insurance Company Takes Position in Brunswick Corporation $BC

The Manufacturers Life Insurance Company acquired a new position in shares of Brunswick Corporation (NYSE:BC) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 46,345 shares of the company’s stock, valued at approximately $3,904,000.

A number of other large investors have also recently made changes to their positions in BC. Royal Bank of Canada raised its holdings in Brunswick by 10.7% in the first quarter. Royal Bank of Canada now owns 149,000 shares of the company’s stock valued at $8,024,000 after acquiring an additional 14,395 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Brunswick by 133.6% in the 1st quarter. AQR Capital Management LLC now owns 77,326 shares of the company’s stock valued at $4,076,000 after purchasing an additional 44,228 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Brunswick by 142.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company’s stock valued at $18,659,000 after purchasing an additional 203,838 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Brunswick in the 1st quarter valued at $214,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Brunswick by 477.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock worth $39,000 after purchasing an additional 601 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Trading Down 3.6%

NYSE BC opened at $73.20 on Wednesday. The firm’s fifty day moving average is $80.45 and its two-hundred day moving average is $79.35. Brunswick Corporation has a one year low of $58.56 and a one year high of $90.25. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.65 and a current ratio of 1.45. The firm has a market cap of $4.74 billion, a PE ratio of -55.88 and a beta of 1.34.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, July 30th. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.37. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. Analysts expect that Brunswick Corporation will post 4.55 earnings per share for the current year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, August 20th. Brunswick’s dividend payout ratio (DPR) is presently -134.35%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BC shares. Morgan Stanley boosted their target price on shares of Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. DA Davidson restated a “neutral” rating and issued a $76.00 price target on shares of Brunswick in a research note on Monday, August 17th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brunswick in a report on Wednesday, June 24th. William Blair set a $94.00 price objective on Brunswick in a research report on Thursday, August 13th. Finally, Truist Financial increased their price objective on Brunswick from $93.00 to $94.00 and gave the company a “buy” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.00.

About Brunswick

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.