Brown & Brown, Inc. (NYSE:BRO) Stock Holdings Boosted by Headlands Technologies LLC

Headlands Technologies LLC lifted its stake in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 131.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,706 shares of the financial services provider's stock after buying an additional 3,245 shares during the quarter. Headlands Technologies LLC's holdings in Brown & Brown were worth $582,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Brown & Brown in the fourth quarter valued at approximately $313,412,000. Madison Investment Advisors LLC purchased a new position in shares of Brown & Brown in the fourth quarter valued at $198,031,000. Vanguard Group Inc. grew its holdings in Brown & Brown by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 29,940,139 shares of the financial services provider's stock valued at $3,054,493,000 after purchasing an additional 1,335,964 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Brown & Brown by 11,337.8% during the 4th quarter. Proficio Capital Partners LLC now owns 1,108,894 shares of the financial services provider's stock worth $1,109,000 after buying an additional 1,099,199 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Brown & Brown in the 4th quarter worth $71,915,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Bank of America raised their target price on Brown & Brown from $116.00 to $117.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. Morgan Stanley restated an "equal weight" rating and set a $128.00 price objective on shares of Brown & Brown in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods upped their target price on Brown & Brown from $97.00 to $102.00 and gave the company an "underperform" rating in a research report on Wednesday. Wells Fargo & Company increased their target price on Brown & Brown from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada lifted their price target on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $113.08.

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Brown & Brown Stock Performance

Shares of NYSE:BRO traded down $1.37 on Wednesday, reaching $111.04. 363,991 shares of the company's stock were exchanged, compared to its average volume of 1,411,467. The business's 50-day moving average is $115.44 and its two-hundred day moving average is $109.23. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. Brown & Brown, Inc. has a fifty-two week low of $80.33 and a fifty-two week high of $125.68. The firm has a market capitalization of $31.75 billion, a price-to-earnings ratio of 32.01, a PEG ratio of 2.93 and a beta of 0.75.

Brown & Brown (NYSE:BRO - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Brown & Brown Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown's dividend payout ratio (DPR) is 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.