Jump Financial LLC Trims Stock Position in Brown & Brown, Inc. (NYSE:BRO)

Jump Financial LLC cut its position in Brown & Brown, Inc. (NYSE:BRO - Free Report) by 40.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,843 shares of the financial services provider's stock after selling 8,071 shares during the quarter. Jump Financial LLC's holdings in Brown & Brown were worth $1,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Brown & Brown during the 4th quarter worth about $313,412,000. Madison Investment Advisors LLC acquired a new stake in Brown & Brown during the fourth quarter worth $198,031,000. Vanguard Group Inc. increased its stake in Brown & Brown by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 29,940,139 shares of the financial services provider's stock valued at $3,054,493,000 after acquiring an additional 1,335,964 shares during the period. Proficio Capital Partners LLC lifted its position in shares of Brown & Brown by 11,337.8% during the 4th 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 during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Brown & Brown in the 4th quarter valued at $71,915,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Brown & Brown Stock Up 0.7 %

Shares of BRO traded up $0.83 on Wednesday, hitting $118.39. 1,933,145 shares of the stock traded hands, compared to its average volume of 1,436,073. The business has a 50 day simple moving average of $117.66 and a 200 day simple moving average of $110.25. 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 one year low of $80.87 and a one year high of $125.68. The company has a market capitalization of $33.85 billion, a PE ratio of 34.22, a P/E/G ratio of 2.93 and a beta of 0.75.

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 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%. As a group, equities analysts forecast that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BRO shares. Keefe, Bruyette & Woods upped their price objective on Brown & Brown from $97.00 to $102.00 and gave the stock an "underperform" rating in a report on Wednesday, April 9th. UBS Group lifted their price target on shares of Brown & Brown from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Bank of America upped their price target on Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Royal Bank of Canada increased their price objective on Brown & Brown from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Barclays boosted their price target on Brown & Brown from $119.00 to $121.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $117.50.

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.