Brown & Brown, Inc. (NYSE:BRO) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its position in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 277,605 shares of the financial services provider's stock after selling 13,551 shares during the quarter. Brown & Brown makes up 1.5% of Motley Fool Wealth Management LLC's holdings, making the stock its 15th biggest position. Motley Fool Wealth Management LLC owned about 0.10% of Brown & Brown worth $28,367,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in Brown & Brown during the 3rd quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Brown & Brown during the 4th quarter worth $28,000. Y.D. More Investments Ltd grew its holdings in shares of Brown & Brown by 122.7% during the fourth 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 in the last quarter. R Squared Ltd acquired a new stake in shares of Brown & Brown in the fourth quarter valued at about $31,000. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Brown & Brown in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 71.01% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BRO. Wells Fargo & Company upped their price objective on shares of Brown & Brown from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Bank of America increased their price target on Brown & Brown from $116.00 to $117.00 and gave the company a "neutral" rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods reduced their price objective 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. Royal Bank of Canada upped their target price on Brown & Brown from $118.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $128.00 price target on shares of Brown & Brown in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $112.67.

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Brown & Brown Stock Up 0.1 %

NYSE:BRO traded up $0.07 during midday trading on Friday, reaching $122.97. The company had a trading volume of 1,650,467 shares, compared to its average volume of 1,385,729. Brown & Brown, Inc. has a 12-month low of $80.33 and a 12-month high of $123.24. The firm has a market capitalization of $35.16 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 2.93 and a beta of 0.86. 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 stock's fifty day simple moving average is $113.33 and its 200-day simple moving average is $108.31.

Brown & Brown (NYSE:BRO - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 fiscal year.

Brown & Brown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown's dividend payout ratio is presently 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.