Brown & Brown, Inc. (NYSE:BRO) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its position in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 25.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,199 shares of the financial services provider's stock after selling 23,705 shares during the quarter. Quantbot Technologies LP's holdings in Brown & Brown were worth $7,264,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of Brown & Brown during the 3rd quarter worth $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Brown & Brown during the 4th quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in shares of Brown & Brown during the 3rd quarter worth $29,000. Y.D. More Investments Ltd raised its stake in 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 last quarter. Finally, R Squared Ltd acquired a new position in Brown & Brown in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Brown & Brown in a research note on Thursday, December 5th. They issued an "overweight" rating and a $134.00 target price for the company. Bank of America boosted their target price 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. 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. Wells Fargo & Company boosted their target price 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. Finally, Barclays boosted their target price on shares of Brown & Brown from $108.00 to $119.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $113.17.

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Brown & Brown Trading Down 0.8 %

BRO traded down $0.99 on Tuesday, reaching $119.09. 1,646,194 shares of the company's stock were exchanged, compared to its average volume of 1,285,986. The company's 50 day moving average is $110.53 and its 200-day moving average is $107.41. The company has a market cap of $34.05 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 2.93 and a beta of 0.86. Brown & Brown, Inc. has a twelve month low of $80.33 and a twelve month high of $121.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.79 and a current ratio of 1.79.

Brown & Brown (NYSE:BRO - Get Free Report) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, February 5th. Brown & Brown's dividend payout ratio (DPR) 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.