Brown & Brown, Inc. (NYSE:BRO) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its position in Brown & Brown, Inc. (NYSE:BRO - Free Report) by 129.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 547,003 shares of the financial services provider's stock after buying an additional 308,458 shares during the quarter. Los Angeles Capital Management LLC owned 0.19% of Brown & Brown worth $56,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its stake in shares of Brown & Brown by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,339 shares of the financial services provider's stock valued at $1,819,000 after purchasing an additional 100 shares during the period. Trust Point Inc. increased its stake in Brown & Brown by 4.3% in the third quarter. Trust Point Inc. now owns 2,519 shares of the financial services provider's stock valued at $261,000 after purchasing an additional 103 shares in the last quarter. Creative Planning grew its stake in shares of Brown & Brown by 0.4% in the 3rd quarter. Creative Planning now owns 29,892 shares of the financial services provider's stock valued at $3,097,000 after buying an additional 112 shares during the period. Crossmark Global Holdings Inc. increased its position in Brown & Brown by 0.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 22,929 shares of the financial services provider's stock valued at $2,375,000 after buying an additional 113 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its holdings in Brown & Brown by 4.0% in the second quarter. Anchor Investment Management LLC now owns 3,286 shares of the financial services provider's stock worth $294,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

Brown & Brown Stock Up 1.9 %

Shares of BRO stock traded up $2.08 on Friday, hitting $112.43. The stock had a trading volume of 1,210,905 shares, compared to its average volume of 1,495,600. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.52. Brown & Brown, Inc. has a one year low of $69.13 and a one year high of $114.08. The business has a 50 day moving average price of $104.75 and a 200 day moving average price of $96.96. The company has a market cap of $32.15 billion, a PE ratio of 30.63, a P/E/G ratio of 2.59 and a beta of 0.82.

Brown & Brown (NYSE:BRO - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. Brown & Brown had a return on equity of 17.12% and a net margin of 22.65%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company posted $0.71 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts anticipate that Brown & Brown, Inc. will post 3.73 earnings per share for the current fiscal year.

Brown & Brown Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th will be paid a $0.15 dividend. This is an increase from Brown & Brown's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.53%. Brown & Brown's dividend payout ratio is presently 16.35%.

Insider Transactions at Brown & Brown

In other Brown & Brown news, Chairman Hyatt J. Brown sold 134,640 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $104.51, for a total transaction of $14,071,226.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 17.02% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on BRO shares. Bank of America lifted their price target on shares of Brown & Brown from $108.00 to $117.00 and gave the company a "neutral" rating in a research report on Thursday, October 10th. Barclays initiated coverage on Brown & Brown in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $108.00 price target for the company. Jefferies Financial Group increased their price target on Brown & Brown from $98.00 to $104.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. StockNews.com downgraded Brown & Brown from a "buy" rating to a "hold" rating in a research report on Saturday, November 2nd. Finally, Raymond James upped their target price on shares of Brown & Brown from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $106.50.

Brown & Brown Profile

Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services.