Ossiam Lowers Position in Brown & Brown, Inc. (NYSE:BRO)

Ossiam reduced its stake in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 97.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,068 shares of the financial services provider's stock after selling 250,431 shares during the quarter. Ossiam's holdings in Brown & Brown were worth $721,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Journey Strategic Wealth LLC increased its holdings in Brown & Brown by 2.3% in the fourth quarter. Journey Strategic Wealth LLC now owns 4,486 shares of the financial services provider's stock valued at $458,000 after purchasing an additional 99 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Brown & Brown by 3.7% during the 4th quarter. CWA Asset Management Group LLC now owns 2,916 shares of the financial services provider's stock worth $297,000 after buying an additional 103 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of Brown & Brown by 3.4% during the fourth quarter. Bleakley Financial Group LLC now owns 3,162 shares of the financial services provider's stock worth $323,000 after buying an additional 103 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Brown & Brown by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 4,664 shares of the financial services provider's stock worth $476,000 after purchasing an additional 113 shares in the last quarter. Finally, Synovus Financial Corp boosted its holdings in shares of Brown & Brown by 1.9% in the 3rd quarter. Synovus Financial Corp now owns 6,157 shares of the financial services provider's stock valued at $638,000 after purchasing an additional 117 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BRO shares. Bank of America raised their price target on shares of Brown & Brown from $116.00 to $117.00 and gave the company a "neutral" rating in a research note on Tuesday, January 28th. UBS Group raised their price objective on shares of Brown & Brown from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Jefferies Financial Group upped their target price on shares of Brown & Brown from $105.00 to $109.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Royal Bank of Canada boosted their target price on shares of Brown & Brown from $118.00 to $120.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Brown & Brown from $97.00 to $102.00 and gave the stock an "underperform" rating in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Brown & Brown presently has an average rating of "Hold" and a consensus price target of $117.50.

Brown & Brown Price Performance

BRO traded down $3.47 during trading on Friday, reaching $114.29. 3,085,479 shares of the company were exchanged, compared to its average volume of 1,440,502. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. The company has a market cap of $32.68 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.93 and a beta of 0.75. Brown & Brown, Inc. has a 12-month low of $80.87 and a 12-month high of $125.68. The company's 50-day moving average is $118.02 and its two-hundred day moving average is $110.47.

Brown & Brown (NYSE:BRO - Get Free Report) last released 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 net margin of 20.68% and a return on equity of 17.81%. Research analysts forecast that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown 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.