Brown & Brown (NYSE:BRO) Price Target Raised to $120.00 at UBS Group

Brown & Brown (NYSE:BRO - Get Free Report) had its price target hoisted by equities research analysts at UBS Group from $110.00 to $120.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the financial services provider's stock. UBS Group's target price indicates a potential downside of 0.81% from the company's current price.

A number of other analysts also recently commented on the stock. Royal Bank of Canada boosted 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. Morgan Stanley reissued an "equal weight" rating and set a $128.00 price target on shares of Brown & Brown in a research note on Tuesday, March 25th. Wells Fargo & Company lifted their price objective on Brown & Brown from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Bank of America upped their target price on Brown & Brown from $116.00 to $117.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods raised their price target on Brown & Brown from $97.00 to $102.00 and gave the company an "underperform" rating in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $115.83.

Brown & Brown Stock Performance

NYSE BRO traded up $2.12 on Wednesday, hitting $120.98. 1,559,804 shares of the company's stock were exchanged, compared to its average volume of 1,430,087. The firm has a market cap of $34.59 billion, a price-to-earnings ratio of 34.97, a P/E/G ratio of 2.93 and a beta of 0.75. The firm's 50-day moving average price is $116.39 and its two-hundred day moving average price is $109.63. Brown & Brown has a fifty-two week low of $80.33 and a fifty-two week high of $125.68. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.79.

Brown & Brown (NYSE:BRO - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts expect that Brown & Brown will post 4.18 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Brown & Brown by 4.7% in the fourth 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 during the period. Principal Financial Group Inc. raised its holdings in shares of Brown & Brown by 0.7% during the 4th quarter. Principal Financial Group Inc. now owns 12,901,968 shares of the financial services provider's stock valued at $1,316,259,000 after buying an additional 94,121 shares during the period. Geode Capital Management LLC lifted its position in shares of Brown & Brown by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 6,099,649 shares of the financial services provider's stock worth $620,737,000 after purchasing an additional 118,569 shares in the last quarter. Capital World Investors lifted its holdings in Brown & Brown by 15.6% in the 4th quarter. Capital World Investors now owns 4,195,681 shares of the financial services provider's stock worth $428,043,000 after buying an additional 566,116 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Brown & Brown by 11.4% in the fourth quarter. Invesco Ltd. now owns 3,803,616 shares of the financial services provider's stock valued at $388,045,000 after purchasing an additional 388,411 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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.