O Shaughnessy Asset Management LLC Raises Position in Brown & Brown, Inc. (NYSE:BRO)

O Shaughnessy Asset Management LLC increased its position in Brown & Brown, Inc. (NYSE:BRO - Free Report) by 27.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,297 shares of the financial services provider's stock after buying an additional 8,557 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Brown & Brown were worth $4,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in Brown & Brown in the 4th quarter valued at approximately $28,000. Y.D. More Investments Ltd grew its stake in shares of Brown & Brown by 122.7% in the fourth quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider's stock worth $30,000 after purchasing an additional 162 shares during the last quarter. R Squared Ltd acquired a new stake in Brown & Brown in the fourth quarter valued at $31,000. SBI Securities Co. Ltd. bought a new position in Brown & Brown during the 4th quarter worth $37,000. Finally, Versant Capital Management Inc lifted its holdings in Brown & Brown by 130.7% during the 4th quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider's stock worth $42,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BRO shares. 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 research note on Tuesday, January 28th. Keefe, Bruyette & Woods lowered their price target on shares of Brown & Brown from $99.00 to $97.00 and set an "underperform" rating for the company in a report on Friday, January 10th. Royal Bank of Canada boosted their price target on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price objective on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $128.00 target price on shares of Brown & Brown in a research note on Tuesday, March 25th. One equities research 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's stock. According to MarketBeat, Brown & Brown currently has an average rating of "Hold" and an average price target of $112.67.

Remove Ads

Brown & Brown Stock Down 7.6 %

Shares of BRO traded down $9.42 during trading hours on Friday, hitting $115.01. The stock had a trading volume of 2,809,436 shares, compared to its average volume of 1,404,570. Brown & Brown, Inc. has a 1-year low of $80.33 and a 1-year high of $125.68. The firm has a market capitalization of $32.89 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. The firm has a 50 day simple moving average of $115.03 and a 200-day simple moving average of $108.97. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.79.

Brown & Brown (NYSE:BRO - Get Free Report) last announced 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%. Sell-side analysts predict that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.60 annualized dividend and a yield of 0.52%. Brown & Brown's payout ratio is 17.34%.

About Brown & Brown

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.