Brown & Brown, Inc. (NYSE:BRO) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its holdings in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,378 shares of the financial services provider's stock after selling 2,713 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Brown & Brown were worth $9,608,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BRO. Brooklyn Investment Group purchased a new stake in Brown & Brown in the 3rd quarter valued at $26,000. ST Germain D J Co. Inc. raised its holdings in shares of Brown & Brown by 298.5% in the third quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Brown & Brown during the third quarter valued at about $29,000. Y.D. More Investments Ltd boosted its holdings in Brown & Brown by 122.7% during the fourth quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider's stock worth $30,000 after purchasing an additional 162 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Brown & Brown in the 4th quarter worth about $31,000. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on BRO. StockNews.com cut shares of Brown & Brown from a "buy" rating to a "hold" rating in a research report on Saturday, November 2nd. Morgan Stanley assumed coverage on Brown & Brown in a research report on Thursday, December 5th. They set an "overweight" rating and a $134.00 target price for the company. Truist Financial raised their price objective on shares of Brown & Brown from $116.00 to $118.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Bank of America raised their price target on shares of Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Brown & Brown from $99.00 to $97.00 and set an "underperform" rating on the stock in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $113.17.

Brown & Brown Trading Down 0.8 %

Shares of NYSE:BRO traded down $0.90 during trading on Thursday, reaching $111.41. 771,888 shares of the company were exchanged, compared to its average volume of 1,558,919. The business's fifty day simple moving average is $104.97 and its 200-day simple moving average is $105.31. 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 12-month low of $80.33 and a 12-month high of $114.15. The firm has a market capitalization of $31.86 billion, a PE ratio of 32.20, a P/E/G ratio of 2.91 and a beta of 0.86.

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

Brown & Brown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown's payout ratio is 17.34%.

Brown & Brown 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.