Brown & Brown, Inc. (NYSE:BRO) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 672,286 shares of the financial services provider's stock after selling 17,270 shares during the period. Robeco Institutional Asset Management B.V. owned 0.24% of Brown & Brown worth $68,587,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in Brown & Brown during the third quarter worth about $26,000. ST Germain D J Co. Inc. increased its position in shares of Brown & Brown by 298.5% in the third quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Brown & Brown during the 3rd quarter worth approximately $29,000. R Squared Ltd acquired a new position in Brown & Brown in the 4th quarter valued at about $31,000. Finally, Versant Capital Management Inc lifted its position in Brown & Brown by 130.7% during the fourth quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider's stock worth $42,000 after acquiring an additional 234 shares during the last quarter. Institutional investors own 71.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays increased their price objective on Brown & Brown from $108.00 to $119.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. Morgan Stanley assumed coverage on shares of Brown & Brown in a research note on Thursday, December 5th. They set an "overweight" rating and a $134.00 price objective on the stock. StockNews.com cut shares of Brown & Brown from a "buy" rating to a "hold" rating in a report on Saturday, November 2nd. Jefferies Financial Group lifted their price target on shares of Brown & Brown from $98.00 to $104.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company raised their target price on shares of Brown & Brown from $115.00 to $125.00 and gave the company an "overweight" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Brown & Brown currently has an average rating of "Hold" and a consensus price target of $113.17.

Brown & Brown Stock Up 2.3 %

Brown & Brown stock traded up $2.36 during mid-day trading on Thursday, reaching $105.53. 1,325,743 shares of the company's stock were exchanged, compared to its average volume of 1,680,802. The company has a fifty day moving average of $105.40 and a 200-day moving average of $104.09. The company has a market cap of $30.18 billion, a P/E ratio of 28.75, a P/E/G ratio of 2.12 and a beta of 0.85. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.52. Brown & Brown, Inc. has a twelve month low of $75.79 and a twelve month high of $114.15.

Brown & Brown (NYSE:BRO - Get Free Report) last issued its quarterly earnings data 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 22.65% and a return on equity of 17.12%. Sell-side analysts expect that Brown & Brown, Inc. will post 3.74 EPS for the current year.

Brown & Brown Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Wednesday, February 5th. Brown & Brown's dividend payout ratio (DPR) is presently 16.35%.

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.