Aware Super Pty Ltd as trustee of Aware Super Acquires Shares of 11,650 Brown & Brown, Inc. (NYSE:BRO)

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Brown & Brown, Inc. (NYSE:BRO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,650 shares of the financial services provider's stock, valued at approximately $1,189,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BRO. Kohmann Bosshard Financial Services LLC purchased a new stake in Brown & Brown in the fourth quarter valued at approximately $28,000. Y.D. More Investments Ltd grew its holdings in shares of Brown & Brown by 122.7% in the fourth quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 162 shares in the last quarter. R Squared Ltd purchased a new stake in Brown & Brown during the 4th quarter worth approximately $31,000. SBI Securities Co. Ltd. purchased a new position in Brown & Brown in the 4th quarter valued at approximately $37,000. Finally, Versant Capital Management Inc grew its stake in shares of Brown & Brown by 130.7% in 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 in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Brown & Brown Stock Performance

Shares of BRO stock traded down $2.28 during trading hours on Monday, hitting $114.95. The stock had a trading volume of 164,156 shares, compared to its average volume of 1,429,930. The stock's 50 day moving average is $117.44 and its 200 day moving average is $110.14. The firm has a market capitalization of $32.87 billion, a PE ratio of 33.22, a PEG ratio of 2.93 and a beta of 0.75. Brown & Brown, Inc. has a twelve month low of $80.87 and a twelve month high of $125.68. 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 (NYSE:BRO - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. As a group, research analysts forecast that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.52%. Brown & Brown's dividend payout ratio (DPR) is currently 17.34%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. UBS Group lifted their target price on Brown & Brown from $110.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Bank of America boosted their price objective on Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Jefferies Financial Group raised their target price on shares of Brown & Brown from $105.00 to $109.00 and gave the company a "hold" rating in a report on Friday, April 11th. Truist Financial lifted their price target on shares of Brown & Brown from $118.00 to $138.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada increased their price objective on shares of Brown & Brown from $118.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $117.50.

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.