Brown & Brown, Inc. (NYSE:BRO) Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 20.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 88,443 shares of the financial services provider's stock after acquiring an additional 15,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Brown & Brown were worth $9,023,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BRO. Brooklyn Investment Group bought a new stake in shares of Brown & Brown during the third quarter worth $26,000. Ashton Thomas Securities LLC purchased a new position in Brown & Brown in the 3rd quarter worth about $29,000. Y.D. More Investments Ltd increased its stake in Brown & Brown by 122.7% in the 4th quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider's stock worth $30,000 after buying an additional 162 shares during the period. R Squared Ltd bought a new stake in Brown & Brown during the 4th quarter valued at about $31,000. Finally, Versant Capital Management Inc boosted its position in Brown & Brown by 130.7% in the 4th quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider's stock valued at $42,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BRO shares. Morgan Stanley started coverage on shares of Brown & Brown in a research report on Thursday, December 5th. They set an "overweight" rating and a $134.00 target price on the stock. Truist Financial raised their price objective on Brown & Brown from $116.00 to $118.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. StockNews.com cut Brown & Brown from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. Keefe, Bruyette & Woods dropped their price target 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, Bank of America lifted their price objective on Brown & Brown from $116.00 to $117.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $113.17.

Brown & Brown Stock Up 0.7 %

BRO traded up $0.83 during trading on Monday, hitting $112.54. The stock had a trading volume of 1,577,900 shares, compared to its average volume of 1,585,669. The stock has a 50 day simple moving average of $105.28 and a two-hundred day simple moving average of $105.54. 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 $114.15. The company has a market capitalization of $32.18 billion, a PE ratio of 32.53, a PEG ratio of 2.93 and a beta of 0.86.

Brown & Brown (NYSE:BRO - Get Free Report) last posted 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 predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.53%. Brown & Brown's payout ratio is 17.34%.

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.