Financiere des Professionnels Fonds d investissement inc. Purchases Shares of 8,854 Brown & Brown, Inc. (NYSE:BRO)

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Brown & Brown, Inc. (NYSE:BRO - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 8,854 shares of the financial services provider's stock, valued at approximately $903,000.

Other hedge funds have also bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in shares of Brown & Brown in the third quarter worth about $26,000. ST Germain D J Co. Inc. increased its stake in Brown & Brown by 298.5% in the 3rd quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Brown & Brown during the 3rd quarter valued at approximately $29,000. Y.D. More Investments Ltd boosted its position in shares of Brown & Brown by 122.7% during the 4th quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 162 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Brown & Brown in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Brown & Brown Stock Up 0.4 %

Shares of BRO traded up $0.42 during mid-day trading on Wednesday, hitting $111.89. The company's stock had a trading volume of 640,504 shares, compared to its average volume of 1,566,911. Brown & Brown, Inc. has a 52-week low of $80.33 and a 52-week high of $114.15. The company's 50-day moving average is $104.64 and its 200-day moving average is $105.19. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $31.99 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 2.90 and a beta of 0.86.

Brown & Brown (NYSE:BRO - Get Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. On average, equities research analysts forecast that Brown & Brown, Inc. will post 4.17 EPS for the current fiscal year.

Brown & Brown Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. Brown & Brown's payout ratio is 17.34%.

Analyst Upgrades and Downgrades

BRO has been the subject of several research reports. Barclays increased their price objective on shares of Brown & Brown from $108.00 to $119.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Morgan Stanley started coverage on shares of Brown & Brown in a report on Thursday, December 5th. They issued an "overweight" rating and a $134.00 target price on the stock. Truist Financial boosted their target price on shares of Brown & Brown from $116.00 to $118.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Wells Fargo & Company boosted their target price on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Finally, Bank of America boosted 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. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.