Advisor OS LLC Makes New Investment in Brown & Brown, Inc. (NYSE:BRO)

Advisor OS LLC purchased a new position in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,501 shares of the financial services provider's stock, valued at approximately $561,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of Brown & Brown in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new position in Brown & Brown during the 3rd quarter worth $29,000. Y.D. More Investments Ltd lifted its stake in shares of Brown & Brown by 122.7% in the 4th quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider's stock worth $30,000 after acquiring an additional 162 shares during the period. R Squared Ltd purchased a new stake in shares of Brown & Brown in the fourth quarter valued at about $31,000. Finally, Versant Capital Management Inc increased its stake in shares of Brown & Brown by 130.7% during the fourth quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider's stock worth $42,000 after acquiring an additional 234 shares during the period. 71.01% of the stock is owned by hedge funds and other institutional investors.

Brown & Brown Trading Up 1.8 %

Shares of NYSE BRO traded up $2.09 during midday trading on Friday, hitting $118.59. The stock had a trading volume of 2,260,902 shares, compared to its average volume of 1,587,246. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.79. Brown & Brown, Inc. has a fifty-two week low of $80.33 and a fifty-two week high of $118.80. The company's 50-day simple moving average is $106.55 and its 200 day simple moving average is $106.04. The firm has a market cap of $33.91 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86.

Brown & Brown (NYSE:BRO - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. Research analysts anticipate that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Brown & Brown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Wednesday, February 5th. Brown & Brown's dividend payout ratio (DPR) is currently 17.34%.

Analyst Ratings Changes

BRO has been the subject of several recent analyst reports. Barclays raised their price target on Brown & Brown from $108.00 to $119.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. Royal Bank of Canada raised their target price on Brown & Brown from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their price target on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. StockNews.com cut shares of Brown & Brown from a "buy" rating to a "hold" rating in a research note on Saturday, November 2nd. Finally, Morgan Stanley started coverage on shares of Brown & Brown in a report on Thursday, December 5th. They issued an "overweight" rating and a $134.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $113.17.

Brown & Brown Company Profile

Brown & Brown, Inc is an insurance agency, wholesale brokerage, insurance program and service organization. It engages in the provision of insurance brokerage services and casualty insurance underwriting services. It operates through the following segments: Retail, National Programs, Wholesale Brokerage, and Services.