Benchmark Investment Advisors LLC Has $1.69 Million Holdings in Brown & Brown, Inc. (NYSE:BRO)

Benchmark Investment Advisors LLC grew its holdings in Brown & Brown, Inc. (NYSE:BRO - Free Report) by 157.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,541 shares of the financial services provider's stock after purchasing an additional 10,111 shares during the period. Brown & Brown comprises approximately 1.1% of Benchmark Investment Advisors LLC's investment portfolio, making the stock its 24th biggest holding. Benchmark Investment Advisors LLC's holdings in Brown & Brown were worth $1,688,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BRO. Federated Hermes Inc. lifted its position in Brown & Brown by 2.0% during the 4th quarter. Federated Hermes Inc. now owns 96,426 shares of the financial services provider's stock worth $9,837,000 after buying an additional 1,875 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Brown & Brown during the fourth quarter worth about $1,401,000. Nutshell Asset Management Ltd acquired a new position in Brown & Brown during the fourth quarter valued at approximately $1,071,000. Resona Asset Management Co. Ltd. bought a new position in Brown & Brown in the fourth quarter valued at approximately $10,403,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Brown & Brown during the 4th quarter worth approximately $274,000. Institutional investors own 71.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley reissued an "equal weight" rating and issued a $128.00 price objective on shares of Brown & Brown in a report on Tuesday, March 25th. Wells Fargo & Company lifted their price objective on shares of Brown & Brown from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. UBS Group upped their target price on shares of Brown & Brown from $110.00 to $120.00 and gave the company a "neutral" rating in a report on Wednesday. Bank of America lifted their price target on Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada upped their price objective on Brown & Brown from $118.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $115.25.

Brown & Brown Stock Performance

Shares of Brown & Brown stock traded up $1.25 during trading on Friday, reaching $118.51. The company's stock had a trading volume of 651,801 shares, compared to its average volume of 1,422,700. The business's 50-day moving average price is $116.13 and its 200-day moving average price is $109.48. Brown & Brown, Inc. has a 52 week low of $80.33 and a 52 week high of $125.68. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. The firm has a market cap of $33.89 billion, a PE ratio of 34.10, a P/E/G ratio of 2.93 and a beta of 0.75.

Brown & Brown (NYSE:BRO - Get Free Report) last issued its earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates 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 forecast that Brown & Brown, Inc. will post 4.18 earnings per share 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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown's payout ratio is 17.34%.

About Brown & Brown

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.