Nicholson Wealth Management Group LLC Has $1.46 Million Stock Position in Brown & Brown, Inc. (NYSE:BRO)

Nicholson Wealth Management Group LLC grew its holdings in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,259 shares of the financial services provider's stock after purchasing an additional 3,498 shares during the period. Nicholson Wealth Management Group LLC's holdings in Brown & Brown were worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Studio Investment Management LLC increased its stake in shares of Brown & Brown by 1.5% in the third quarter. Studio Investment Management LLC now owns 6,513 shares of the financial services provider's stock worth $675,000 after acquiring an additional 96 shares during the last quarter. Journey Strategic Wealth LLC grew its stake in Brown & Brown by 2.3% in the fourth quarter. Journey Strategic Wealth LLC now owns 4,486 shares of the financial services provider's stock valued at $458,000 after purchasing an additional 99 shares in the last quarter. CWA Asset Management Group LLC increased its position in Brown & Brown by 3.7% in the 4th quarter. CWA Asset Management Group LLC now owns 2,916 shares of the financial services provider's stock worth $297,000 after purchasing an additional 103 shares during the last quarter. Bleakley Financial Group LLC increased its position in Brown & Brown by 3.4% in the 4th quarter. Bleakley Financial Group LLC now owns 3,162 shares of the financial services provider's stock worth $323,000 after purchasing an additional 103 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Brown & Brown by 0.4% during the 3rd quarter. Creative Planning now owns 29,892 shares of the financial services provider's stock worth $3,097,000 after purchasing an additional 112 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company's stock.

Brown & Brown Stock Performance

NYSE BRO traded up $0.83 during midday trading on Monday, hitting $112.54. The company had a trading volume of 1,577,900 shares, compared to its average volume of 1,585,669. The firm has a fifty day simple moving average of $105.28 and a two-hundred day simple moving average of $105.54. Brown & Brown, Inc. has a fifty-two week low of $80.33 and a fifty-two week high of $114.15. 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 has a market cap of $32.18 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 2.93 and a beta of 0.86.

Brown & Brown (NYSE:BRO - Get Free Report) last released 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%. Equities analysts forecast that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were paid 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 0.53%. Brown & Brown's payout ratio is 17.34%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BRO. StockNews.com downgraded Brown & Brown from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. Barclays increased their price target on shares of Brown & Brown from $108.00 to $119.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 21st. 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 note on Wednesday, January 29th. Royal Bank of Canada raised their target price on Brown & Brown from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods decreased their price target on Brown & Brown from $99.00 to $97.00 and set an "underperform" rating for the company in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $113.17.

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.