MSH Capital Advisors LLC acquired a new stake in Brown & Brown, Inc. (NYSE:BRO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,541 shares of the financial services provider's stock, valued at approximately $259,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Brown & Brown during the fourth quarter worth about $28,000. Y.D. More Investments Ltd grew its stake in shares of 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 valued at $30,000 after purchasing an additional 162 shares during the period. R Squared Ltd acquired a new stake in Brown & Brown in the fourth quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new stake in Brown & Brown during the 4th quarter worth approximately $37,000. Finally, Versant Capital Management Inc raised its holdings in shares of 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 purchasing an additional 234 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.
Brown & Brown Stock Performance
Shares of Brown & Brown stock traded up $3.45 during mid-day trading on Tuesday, hitting $116.87. 331,166 shares of the stock were exchanged, compared to its average volume of 1,431,873. The company has a market capitalization of $33.42 billion, a P/E ratio of 33.81, a P/E/G ratio of 2.93 and a beta of 0.75. 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 company has a 50-day simple moving average of $117.53 and a 200 day simple moving average of $110.19. Brown & Brown, Inc. has a 12 month low of $80.87 and a 12 month high of $125.68.
Brown & Brown (NYSE:BRO - Get Free Report) last released its earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. Sell-side analysts anticipate that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.
Brown & Brown Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.51%. The ex-dividend date was Wednesday, February 5th. Brown & Brown's dividend payout ratio (DPR) is 17.34%.
Analyst Ratings Changes
BRO has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on Brown & Brown from $118.00 to $138.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. UBS Group lifted their target price on Brown & Brown from $110.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Barclays boosted their target price on shares of Brown & Brown from $119.00 to $121.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. Edward Jones assumed coverage on shares of Brown & Brown in a research report on Wednesday, April 16th. They set a "buy" rating for the company. Finally, Wells Fargo & Company raised their target price on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $117.50.
Check Out Our Latest Stock Analysis on BRO
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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