Dundas Partners LLP Purchases 23,906 Shares of Brown & Brown, Inc. (NYSE:BRO)

Dundas Partners LLP boosted its stake in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 503,111 shares of the financial services provider's stock after purchasing an additional 23,906 shares during the period. Brown & Brown comprises about 3.6% of Dundas Partners LLP's investment portfolio, making the stock its 9th biggest position. Dundas Partners LLP owned approximately 0.18% of Brown & Brown worth $51,327,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Amundi raised its holdings in Brown & Brown by 108.9% during the fourth quarter. Amundi now owns 678,532 shares of the financial services provider's stock valued at $69,570,000 after acquiring an additional 353,797 shares during the period. Berkshire Asset Management LLC PA bought a new stake in Brown & Brown during the fourth quarter valued at about $222,000. Andra AP fonden raised its holdings in Brown & Brown by 60.6% during the fourth quarter. Andra AP fonden now owns 54,600 shares of the financial services provider's stock valued at $5,570,000 after acquiring an additional 20,600 shares during the period. Edgestream Partners L.P. raised its holdings in Brown & Brown by 46.3% during the fourth quarter. Edgestream Partners L.P. now owns 31,667 shares of the financial services provider's stock valued at $3,231,000 after acquiring an additional 10,017 shares during the period. Finally, Jackson Creek Investment Advisors LLC raised its holdings in Brown & Brown by 7.6% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 5,620 shares of the financial services provider's stock valued at $573,000 after acquiring an additional 399 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

BRO has been the topic of several research reports. Barclays lifted their target price on Brown & Brown from $108.00 to $119.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. Bank of America lifted their target price on Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Wells Fargo & Company lifted their target price on Brown & Brown from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Royal Bank of Canada lifted their target price on Brown & Brown from $118.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reduced their target price on Brown & Brown from $99.00 to $97.00 and set an "underperform" rating on the stock in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $113.17.

Brown & Brown Trading Up 0.5 %

Shares of NYSE BRO traded up $0.60 during trading hours on Thursday, reaching $117.88. The stock had a trading volume of 1,900,003 shares, compared to its average volume of 1,280,524. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. The firm has a market cap of $33.71 billion, a price-to-earnings ratio of 34.07, a P/E/G ratio of 2.93 and a beta of 0.85. The business's fifty day moving average price is $109.11 and its two-hundred day moving average price is $106.96. Brown & Brown, Inc. has a 52-week low of $80.33 and a 52-week high of $121.31.

Brown & Brown (NYSE:BRO - Get Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping 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%. Analysts expect that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Announces Dividend

The business 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. The ex-dividend date of this dividend 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%.

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.