Analysts Set Brown & Brown, Inc. (NYSE:BRO) PT at $113.17

Brown & Brown, Inc. (NYSE:BRO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $113.17.

A number of research firms recently commented on BRO. Royal Bank of Canada lifted their price target on Brown & Brown from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. Morgan Stanley started coverage on Brown & Brown in a research report on Thursday, December 5th. They issued an "overweight" rating and a $134.00 target price for the company. Barclays upped their price target on Brown & Brown from $108.00 to $119.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Brown & Brown from $99.00 to $97.00 and set an "underperform" rating for the company in a report on Friday, January 10th. Finally, Bank of America boosted their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group bought a new stake in shares of Brown & Brown during the 3rd quarter worth $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Brown & Brown during the fourth quarter valued at $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Brown & Brown in the 3rd quarter valued at $29,000. Johnson Financial Group Inc. increased its stake in Brown & Brown by 534.1% in the 4th quarter. Johnson Financial Group Inc. now owns 279 shares of the financial services provider's stock worth $29,000 after purchasing an additional 235 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its holdings in Brown & Brown by 122.7% during the 4th quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider's stock worth $30,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Brown & Brown Stock Up 0.9 %

Shares of BRO traded up $1.12 during trading on Friday, reaching $119.66. The company's stock had a trading volume of 1,365,467 shares, compared to its average volume of 1,579,344. The company has a market cap of $34.22 billion, a price-to-earnings ratio of 34.56, a P/E/G ratio of 2.93 and a beta of 0.86. 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 company has a fifty day moving average of $106.55 and a two-hundred day moving average of $106.07. Brown & Brown has a twelve month low of $80.33 and a twelve month high of $120.39.

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, beating 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%. On average, sell-side analysts predict that Brown & Brown will post 4.18 EPS for the current fiscal year.

Brown & Brown Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown's payout ratio is currently 17.34%.

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.