Elo Mutual Pension Insurance Co Buys 2,657 Shares of Brown & Brown, Inc. (NYSE:BRO)

Elo Mutual Pension Insurance Co boosted its position in Brown & Brown, Inc. (NYSE:BRO - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,194 shares of the financial services provider's stock after purchasing an additional 2,657 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Brown & Brown were worth $2,468,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Brown & Brown during the third quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in Brown & Brown during the 4th quarter valued at $28,000. Y.D. More Investments Ltd grew its position in Brown & Brown by 122.7% during the fourth 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 in the last quarter. R Squared Ltd bought a new stake in shares of Brown & Brown during the fourth quarter valued at approximately $31,000. Finally, SBI Securities Co. Ltd. bought a new stake in Brown & Brown in the 4th quarter valued at $37,000. Institutional investors own 71.01% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on BRO. Wells Fargo & Company raised their target price on Brown & Brown from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $128.00 target price on shares of Brown & Brown in a report on Tuesday, March 25th. Keefe, Bruyette & Woods cut their price target 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. Royal Bank of Canada raised their price objective on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an "outperform" rating in a report on Wednesday, January 29th. Finally, Bank of America increased 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $112.67.

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Brown & Brown Stock Down 0.3 %

BRO traded down $0.34 during trading hours on Wednesday, hitting $123.77. 618,399 shares of the company's stock were exchanged, compared to its average volume of 1,390,097. 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 stock's 50-day moving average is $113.71 and its two-hundred day moving average is $108.52. The stock has a market cap of $35.39 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 2.93 and a beta of 0.86. Brown & Brown, Inc. has a 1-year low of $80.33 and a 1-year high of $125.68.

Brown & Brown (NYSE:BRO - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 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%. Sell-side analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.48%. Brown & Brown's payout ratio is presently 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.