Landscape Capital Management L.L.C. bought a new stake in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,681 shares of the financial services provider's stock, valued at approximately $274,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of BRO. Mogy Joel R Investment Counsel Inc. increased its stake in Brown & Brown by 324.3% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 19,285 shares of the financial services provider's stock worth $1,967,000 after acquiring an additional 14,740 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Brown & Brown by 4.4% in the third quarter. Sanctuary Advisors LLC now owns 161,569 shares of the financial services provider's stock valued at $18,104,000 after purchasing an additional 6,805 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 worth $138,394,000 after purchasing an additional 40,881 shares during the last quarter. National Bank of Canada FI raised its stake in Brown & Brown by 56.8% during the fourth quarter. National Bank of Canada FI now owns 189,798 shares of the financial services provider's stock valued at $19,365,000 after purchasing an additional 68,745 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Brown & Brown by 19.9% during the fourth quarter. Victory Capital Management Inc. now owns 304,405 shares of the financial services provider's stock valued at $31,055,000 after purchasing an additional 50,510 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
BRO has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on shares of Brown & Brown from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Barclays raised their price objective on Brown & Brown from $119.00 to $121.00 and gave the company an "equal weight" rating in a research note on Friday. Wells Fargo & Company boosted their target price on Brown & Brown from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Bank of America raised 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. Finally, UBS Group boosted their price objective on shares of Brown & Brown from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Brown & Brown has a consensus rating of "Hold" and an average target price of $115.83.
View Our Latest Analysis on Brown & Brown
Brown & Brown Trading Up 1.4 %
Brown & Brown stock traded up $1.62 during trading hours on Friday, hitting $118.88. The company had a trading volume of 2,036,029 shares, compared to its average volume of 1,429,570. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market cap of $33.99 billion, a P/E ratio of 34.36, a P/E/G ratio of 2.93 and a beta of 0.75. The company has a 50-day moving average price of $116.39 and a two-hundred day moving average price of $109.63. Brown & Brown, Inc. has a 1 year low of $80.33 and a 1 year high of $125.68.
Brown & Brown (NYSE:BRO - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share (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%. On average, sell-side analysts anticipate that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.
Brown & Brown Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.50%. Brown & Brown's payout ratio is currently 17.34%.
About Brown & Brown
(
Free Report)
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.
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