Brown & Brown, Inc. (NYSE:BRO) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC increased its stake in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 6.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,950 shares of the financial services provider's stock after purchasing an additional 26,065 shares during the quarter. Corient Private Wealth LLC owned 0.14% of Brown & Brown worth $42,027,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in 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 worth $1,316,259,000 after purchasing an additional 94,121 shares in the last quarter. Barclays PLC grew its stake in Brown & Brown by 17.8% during the 3rd quarter. Barclays PLC now owns 2,466,582 shares of the financial services provider's stock worth $255,537,000 after purchasing an additional 371,980 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in Brown & Brown during the 4th quarter worth $198,031,000. Charles Schwab Investment Management Inc. grew its stake in Brown & Brown by 3.1% during the 4th 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 in the last quarter. Finally, FMR LLC grew its stake in Brown & Brown by 42.4% during the 3rd quarter. FMR LLC now owns 1,109,840 shares of the financial services provider's stock worth $114,979,000 after purchasing an additional 330,661 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

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Brown & Brown Stock Performance

BRO traded down $0.99 on Tuesday, hitting $119.09. 1,646,194 shares of the company traded hands, compared to its average volume of 1,287,732. The company has a 50 day moving average of $110.53 and a 200-day moving average of $107.41. 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 capitalization of $34.05 billion, a PE ratio of 34.42, a PEG ratio of 2.93 and a beta of 0.86. Brown & Brown, Inc. has a 12-month low of $80.33 and a 12-month high of $121.25.

Brown & Brown (NYSE:BRO - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 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%. Sell-side analysts anticipate that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown's dividend payout ratio is presently 17.34%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Brown & Brown from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Bank of America upped their price objective on Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Barclays upped their price objective 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. Royal Bank of Canada upped their price objective on Brown & Brown from $118.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods lowered their price objective on Brown & Brown from $99.00 to $97.00 and set an "underperform" rating for the company in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.