Candriam S.C.A. Buys 50,415 Shares of Brown & Brown, Inc. (NYSE:BRO)

Candriam S.C.A. raised its position in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 24.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,626 shares of the financial services provider's stock after buying an additional 50,415 shares during the quarter. Candriam S.C.A. owned about 0.09% of Brown & Brown worth $26,079,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BRO. Principal Financial Group Inc. raised its position 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 acquiring an additional 94,121 shares in the last quarter. Barclays PLC increased its stake in Brown & Brown by 17.8% during the third quarter. Barclays PLC now owns 2,466,582 shares of the financial services provider's stock valued at $255,537,000 after purchasing an additional 371,980 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Brown & Brown by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,356,535 shares of the financial services provider's stock worth $138,394,000 after purchasing an additional 40,881 shares during the period. FMR LLC lifted its position in shares of Brown & Brown by 42.4% in the 3rd quarter. FMR LLC now owns 1,109,840 shares of the financial services provider's stock worth $114,979,000 after buying an additional 330,661 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Brown & Brown by 11,337.8% in the 4th quarter. Proficio Capital Partners LLC now owns 1,108,894 shares of the financial services provider's stock valued at $1,109,000 after buying an additional 1,099,199 shares during the period. Institutional investors own 71.01% of the company's stock.

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Brown & Brown Stock Up 0.8 %

NYSE:BRO traded up $0.96 during trading hours on Monday, hitting $119.61. 2,445,752 shares of the company's stock traded hands, compared to its average volume of 1,269,515. The stock's fifty day moving average price is $108.13 and its two-hundred day moving average price is $106.66. The firm has a market cap of $34.20 billion, a P/E ratio of 34.57, a P/E/G ratio of 2.93 and a beta of 0.86. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.79 and a current ratio of 1.79. Brown & Brown, Inc. has a twelve month low of $80.33 and a twelve month high of $121.22.

Brown & Brown (NYSE:BRO - Get Free Report) last issued its earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, beating 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, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown's dividend payout ratio (DPR) is currently 17.34%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BRO. Bank of America raised their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. Barclays increased their price target on Brown & Brown from $108.00 to $119.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. Morgan Stanley assumed coverage on Brown & Brown in a research report on Thursday, December 5th. They set an "overweight" rating and a $134.00 price objective for the company. Keefe, Bruyette & Woods dropped their target price on Brown & Brown from $99.00 to $97.00 and set an "underperform" rating on the stock in a research report on Friday, January 10th. Finally, Royal Bank of Canada boosted their price target on shares of Brown & Brown from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Brown & Brown presently has an average rating of "Hold" and a consensus target price of $113.17.

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.