In this article, we discuss the 5 best dividend stocks to buy according to Ira Unschuld’s Brant Point Investment. If you want to read our detailed analysis of Unschuld’s history, investment philosophy, and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Ira Unschuld’s Brant Point Investment.
5. nVent Electric plc (NYSE: NVT)
Unschuld’s Stake Value: $3,349,000
Percentage of Ira Unschuld’s 13F Portfolio: 0.36%
Dividend Yield: 2.23%
Number of Hedge Fund Holders: 31
nVent Electric plc (NYSE: NVT) is a universal supplier of mechanical connection and protection solutions. The company was founded in 1903 and stands fifth on the list of 10 best dividend stocks to buy according to Ira Unschuld’s Brant Point Investment. nVent shares have gained 72.46% over the last 12 months.
On June 9, nVent Electric plc (NYSE: NVT) announced that it will acquire CIS Global LLC for $200 million. This partnership will strengthen nVent’s overall supply in data processing centers and networking programs. On May 13, nVent Electric reported a quarterly dividend of $0.175 per share, in line with the previous, payable on August 6.
nVent Electric plc (NYSE: NVT) accounts for about 0.36% of Brant Point Investment Management’s portfolio, as the hedge fund owns a $3.35 million stake in the company. In the first quarter of 2021, 31 hedge funds in the database of Insider Monkey held stakes worth $338.56 million in nVent Electric plc (NYSE: NVT), up from 30 the preceding quarter worth $343.46 million.
4. The Hartford Financial Services Group, Inc. (NYSE: HIG)
Unschuld’s Stake Value: $2,020,000
Percentage of Ira Unschuld’s 13F Portfolio: 0.22%
Dividend Yield: 2.25%
Number of Hedge Fund Holders: 57
The Hartford Financial Services Group, Inc. (NYSE: HIG) supplies insurance and financial services globally. It was founded in 1810 and is ranked fourth on the list of 10 best dividend stocks to buy according to Ira Unschuld’s Brant Point Investment. The Hartford currently has a $21.87 billion market capitalization and was able to deliver a 72.75% return in the past 12 months.
On May 20, The Hartford Financial Services Group, Inc. (NYSE: HIG) declared a quarterly dividend of $0.35 per share, in line with the previous. On May 3, BofA Securities initiated a coverage on The Hartford Financial with a “Neutral” rating and a price target of $75.00.
At the end of the first quarter of 2021, Brant Point Investment Management owned 30,250 shares in The Hartford worth $2.02 million. This represented 0.22% of the investment portfolio of Brant Point Investment Management. The company is getting the attention of the smart money, as 57 hedge funds tracked by Insider Monkey reported owning stakes in the company in the first quarter of 2021, up from 36 funds a quarter earlier.
Miller/Howard Investments, in their first quarter 2021 investor letter, mentioned The Hartford Financial Services Group, Inc. (NYSE: HIG). Here is what the fund said:
“Financials were strong for the market, but our holdings did even better, with our five banks all doing well. Our biggest contributor to the entire portfolio was insurance company Hartford Financial (HIG) after it received a takeover bid from rival Chubb.”
3. Corning Incorporated (NYSE: GLW)
Unschuld’s Stake Value: $5,451,000
Percentage of Ira Unschuld’s 13F Portfolio: 0.59%
Dividend Yield: 2.33%
Number of Hedge Fund Holders: 32
Corning Incorporated is an American multinational tech company. The company was founded in 1851, and it stands third on the list of 10 best dividend stocks to buy according to Ira Unschuld’s Brant Point Investment. Corning shares have gained 53.34% over the last 12 months.
On June 30, Corning Incorporated (NYSE: GLW) announced a dividend of $0.24 per share, in line with the previous. On June 22, JPMorgan initiated coverage on Corning with an “Overweight” rating and a price target of $52.
The hedge fund chaired by Ira Unschuld holds 125,278 shares in Corning Incorporated (NYSE: GLW) worth $5.45 million. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital is the company’s most significant stakeholder, with 3.30 million shares worth $143.63 million.
2. Equitable Holdings, Inc. (NYSE: EQH)
Unschuld’s Stake Value: $ 1,957,000
Percentage of Ira Unschuld’s 13F Portfolio: 0.21%
Dividend Yield: 2.34%
Number of Hedge Fund Holders: 44
Equitable Holdings, Inc. (NYSE: EQH), with its subsidiaries, provides financial and insurance services. The company was incorporated in 1859 and is ranked second on the list of 10 best dividend stocks to buy according to Ira Unschuld’s Brant Point Investment. Equitable currently has a $12.68 billion market capitalization. It delivered a 63.07% return in the past 12 months.
On May 20, Equitable Holdings, Inc. (NYSE: EQH) declared a quarterly dividend of $0.18 per share, which was a 5.9% increase from its prior dividend of $0.17. The forward yield is 0.72%. On June 14, Credit Suisse’s analyst Andrew Kligerman initiated a coverage on the stock, rating it as “Outperform,” and raised the price target to $51 from $42.
Equitable Holdings, Inc. (NYSE: EQH) is the latest addition to Ira Unschuld’s portfolio, after he invested in the company in the first quarter of 2021. Brant Point Investment owns 60,000 shares of the company, worth $1.96 million.
1. Franchise Group, Inc. (NASDAQ: FRG)
Unschuld’s Stake Value: $5,838,000
Percentage of Ira Unschuld’s 13F Portfolio: 0.63%
Dividend Yield: 4.16%
Number of Hedge Fund Holders: 17
Franchise Group, Inc. (NASDAQ: FRG) is an American holding company that specializes in formulating tax returns. It was founded in 2010 and ranks first on the list of 10 best dividend stocks to buy according to Ira Unschuld’s Brant Point Investment. Franchise Group shares have gained about 66.70% over the last 12 months.
On May 4, Franchise Group declared a quarterly dividend of $0.375 per share, in line with the previous.
The hedge fund run by Unschuld owns 161,663 shares in the Franchise Group, Inc. (NASDAQ: FRG) worth $5.84 million, representing 0.63% of their investment portfolio. Hedge funds are loading up on Franchise Group, as Insider Monkey’s data shows that 17 hedge funds held stakes in the company in the first quarter of 2021, compared to 14 funds a quarter earlier.
You can also take a peek at 10 Best Cheap Dividend Stocks to Buy According to Mario Gabelli and 10 Best Dividend Stocks to Buy Now According to Billionaire Jim Simons
