Brown & Brown, Inc. (NYSE:BRO) Stake Decreased by Barclays PLC

Barclays PLC trimmed its stake in Brown & Brown, Inc. (NYSE:BRO - Free Report) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,257,207 shares of the financial services provider's stock after selling 209,375 shares during the period. Barclays PLC owned approximately 0.79% of Brown & Brown worth $230,280,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in Brown & Brown in the fourth quarter valued at $28,000. Y.D. More Investments Ltd increased 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 during the period. R Squared Ltd acquired a new stake in shares of Brown & Brown in the fourth quarter valued at approximately $31,000. SBI Securities Co. Ltd. purchased a new stake in shares of Brown & Brown in the fourth quarter valued at $37,000. Finally, Versant Capital Management Inc boosted its stake in shares of Brown & Brown by 130.7% during the 4th quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider's stock worth $42,000 after purchasing an additional 234 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BRO shares. Truist Financial increased their target price on Brown & Brown from $118.00 to $138.00 and gave the stock a "buy" rating in a research report on Tuesday. Edward Jones initiated coverage on shares of Brown & Brown in a research report on Wednesday. They set a "buy" rating for the company. Jefferies Financial Group lifted their price target 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. UBS Group boosted their price target on Brown & Brown from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Finally, Bank of America upped their price target on Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $117.50.

Brown & Brown Stock Down 1.4 %

NYSE:BRO traded down $1.63 during mid-day trading on Friday, reaching $117.17. The stock had a trading volume of 1,795,477 shares, compared to its average volume of 1,434,774. The stock's 50 day simple moving average is $117.28 and its two-hundred day simple moving average is $109.98. Brown & Brown, Inc. has a 1-year low of $80.87 and a 1-year high of $125.68. The company has a market capitalization of $33.50 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 2.93 and a beta of 0.75. 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 announced its quarterly earnings data 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 return on equity of 17.81% and a net margin of 20.68%. Equities 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 $0.15 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. Brown & Brown's dividend payout ratio is currently 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.