Natixis Buys 26,766 Shares of Brown & Brown, Inc. (NYSE:BRO)

Natixis lifted its position in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 1,185.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,024 shares of the financial services provider's stock after acquiring an additional 26,766 shares during the quarter. Natixis' holdings in Brown & Brown were worth $2,961,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Brown & Brown during the 4th quarter worth approximately $28,000. Y.D. More Investments Ltd increased its position in shares of 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 acquiring an additional 162 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Brown & Brown during the fourth quarter worth $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Brown & Brown during the fourth quarter worth $37,000. Finally, Versant Capital Management Inc lifted its position in Brown & Brown by 130.7% in the 4th quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 234 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

Brown & Brown Stock Performance

NYSE:BRO traded down $3.47 on Friday, hitting $114.29. The company's stock had a trading volume of 3,085,479 shares, compared to its average volume of 1,441,171. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. Brown & Brown, Inc. has a one year low of $80.87 and a one year high of $125.68. The stock has a fifty day moving average of $118.02 and a two-hundred day moving average of $110.47. The firm has a market capitalization of $32.68 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 2.93 and a beta of 0.75.

Brown & Brown (NYSE:BRO - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.10. Brown & Brown had a return on equity of 17.81% and a net margin of 20.68%. Research analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BRO has been the topic of a number of research reports. Wells Fargo & Company boosted their price target on Brown & Brown from $115.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Truist Financial boosted their target price on Brown & Brown from $118.00 to $138.00 and gave the company a "buy" rating in a research note on Tuesday, April 15th. Jefferies Financial Group raised their price target on shares of Brown & Brown from $105.00 to $109.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Barclays lifted their price objective on shares of Brown & Brown from $119.00 to $121.00 and gave the company an "equal weight" rating in a report on Friday, April 11th. Finally, Edward Jones initiated coverage on shares of Brown & Brown in a report on Wednesday, April 16th. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $117.50.

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.