HighTower Advisors LLC Acquires 3,754 Shares of Brown & Brown, Inc. (NYSE:BRO)

HighTower Advisors LLC increased its holdings in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,299 shares of the financial services provider's stock after acquiring an additional 3,754 shares during the quarter. HighTower Advisors LLC's holdings in Brown & Brown were worth $8,804,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Brown & Brown by 0.7% in 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 during the last quarter. Barclays PLC boosted its holdings in shares of Brown & Brown by 17.8% in the third quarter. Barclays PLC now owns 2,466,582 shares of the financial services provider's stock valued at $255,537,000 after acquiring an additional 371,980 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Brown & Brown by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,356,535 shares of the financial services provider's stock valued at $138,394,000 after acquiring an additional 40,881 shares in the last quarter. FMR LLC boosted its holdings in shares of Brown & Brown by 42.4% in the third quarter. FMR LLC now owns 1,109,840 shares of the financial services provider's stock valued at $114,979,000 after acquiring an additional 330,661 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its holdings in Brown & Brown by 11,337.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,108,894 shares of the financial services provider's stock worth $1,109,000 after buying an additional 1,099,199 shares in the last quarter. Institutional investors own 71.01% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently commented on BRO. Barclays upped their price target 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. Keefe, Bruyette & Woods cut their target price on shares of Brown & Brown from $99.00 to $97.00 and set an "underperform" rating for the company in a research report on Friday, January 10th. Morgan Stanley assumed coverage on shares of Brown & Brown in a research report on Thursday, December 5th. They issued an "overweight" rating and a $134.00 target price for the company. Bank of America increased their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada raised their price target on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $113.17.

Brown & Brown Stock Up 0.1 %

Shares of BRO stock traded up $0.09 during trading on Wednesday, reaching $119.28. The company's stock had a trading volume of 518,702 shares, compared to its average volume of 1,283,163. The company has a market cap of $34.11 billion, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. Brown & Brown, Inc. has a one year low of $80.33 and a one year high of $121.25. The business has a fifty day moving average price of $110.53 and a 200-day moving average price 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.

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

Brown & Brown Announces Dividend

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

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.