Farringdon Capital Ltd. Takes $508,000 Position in Brown & Brown, Inc. (NYSE:BRO)

Farringdon Capital Ltd. bought a new stake in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,979 shares of the financial services provider's stock, valued at approximately $508,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in Brown & Brown by 17.8% in the third 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 during the period. SkyView Investment Advisors LLC boosted its holdings in shares of Brown & Brown by 2.0% in the third quarter. SkyView Investment Advisors LLC now owns 8,045 shares of the financial services provider's stock valued at $833,000 after acquiring an additional 161 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Brown & Brown during the third quarter valued at approximately $58,000. Tidal Investments LLC raised its holdings in Brown & Brown by 652.8% during the third quarter. Tidal Investments LLC now owns 259,205 shares of the financial services provider's stock worth $26,854,000 after purchasing an additional 224,772 shares in the last quarter. Finally, Synovus Financial Corp lifted its position in Brown & Brown by 1.9% in the third quarter. Synovus Financial Corp now owns 6,157 shares of the financial services provider's stock worth $638,000 after purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Brown & Brown Stock Up 0.4 %

NYSE:BRO traded up $0.43 during mid-day trading on Wednesday, reaching $117.99. The stock had a trading volume of 430,027 shares, compared to its average volume of 1,432,037. The stock has a market cap of $33.74 billion, a P/E ratio of 34.10, a PEG ratio of 2.93 and a beta of 0.75. The business's 50 day moving average is $117.66 and its 200 day moving average is $110.25. 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, Inc. has a fifty-two week low of $80.87 and a fifty-two week high of $125.68.

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 (EPS) for the quarter, beating 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, sell-side analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BRO shares. Wells Fargo & Company lifted their price target on Brown & Brown from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Royal Bank of Canada raised their price objective on shares of Brown & Brown from $118.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their target price on shares of Brown & Brown from $97.00 to $102.00 and gave the stock an "underperform" rating in a report on Wednesday, April 9th. Jefferies Financial Group raised their target price on shares of Brown & Brown from $105.00 to $109.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, Barclays raised their price objective on Brown & Brown from $119.00 to $121.00 and gave the stock an "equal weight" rating in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Brown & Brown currently has a consensus rating of "Hold" and an average price target of $117.50.

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.