Whittier Trust Co. Has $18.73 Million Holdings in Brown & Brown, Inc. (NYSE:BRO)

Whittier Trust Co. raised its position in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,784 shares of the financial services provider's stock after purchasing an additional 6,318 shares during the period. Whittier Trust Co. owned 0.06% of Brown & Brown worth $18,729,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BRO. American International Group Inc. increased its position in Brown & Brown by 1.3% in the 4th quarter. American International Group Inc. now owns 64,959 shares of the financial services provider's stock valued at $4,619,000 after acquiring an additional 831 shares during the period. Alaska Permanent Fund Corp acquired a new stake in Brown & Brown in the first quarter worth about $36,000. Park Avenue Securities LLC grew its position in Brown & Brown by 37.5% in the 1st quarter. Park Avenue Securities LLC now owns 10,484 shares of the financial services provider's stock valued at $918,000 after buying an additional 2,862 shares in the last quarter. First PREMIER Bank acquired a new position in Brown & Brown during the 1st quarter valued at about $40,000. Finally, Wallace Advisory Group LLC acquired a new position in Brown & Brown during the 1st quarter valued at about $265,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

BRO has been the subject of several recent analyst reports. UBS Group increased their price objective on shares of Brown & Brown from $91.00 to $94.00 and gave the company a "neutral" rating in a report on Tuesday, July 9th. Argus started coverage on Brown & Brown in a research note on Tuesday, September 24th. They set a "buy" rating and a $120.00 price target for the company. Wells Fargo & Company boosted their price objective on Brown & Brown from $112.00 to $114.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Barclays initiated coverage on Brown & Brown in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $108.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on shares of Brown & Brown from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Brown & Brown currently has a consensus rating of "Hold" and an average price target of $105.67.

Brown & Brown Trading Down 0.3 %

Shares of BRO stock traded down $0.34 during trading hours on Monday, reaching $106.05. 1,180,356 shares of the stock traded hands, compared to its average volume of 1,318,793. The business has a fifty day moving average price of $103.57 and a 200 day moving average price of $94.56. Brown & Brown, Inc. has a 1-year low of $66.73 and a 1-year high of $107.67. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $30.25 billion, a PE ratio of 32.74, a PEG ratio of 2.49 and a beta of 0.83.

Brown & Brown (NYSE:BRO - Get Free Report) last released its earnings results on Monday, July 22nd. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. Brown & Brown had a return on equity of 17.00% and a net margin of 21.95%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The company's revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts forecast that Brown & Brown, Inc. will post 3.69 EPS for the current year.

Insider Buying and Selling

In other news, CFO R. Andrew Watts sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $100.32, for a total value of $250,800.00. Following the completion of the sale, the chief financial officer now directly owns 88,445 shares of the company's stock, valued at $8,872,802.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Hyatt J. Brown sold 134,640 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $104.51, for a total transaction of $14,071,226.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO R. Andrew Watts sold 2,500 shares of Brown & Brown stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $100.32, for a total value of $250,800.00. Following the sale, the chief financial officer now directly owns 88,445 shares of the company's stock, valued at approximately $8,872,802.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 17.02% of the company's stock.

Brown & Brown Company Profile

Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services.