Stifel Financial Corp Has $38.06 Million Stock Position in Brown & Brown, Inc. (NYSE:BRO)

Stifel Financial Corp raised its stake in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,017 shares of the financial services provider's stock after buying an additional 5,677 shares during the period. Stifel Financial Corp owned 0.13% of Brown & Brown worth $38,058,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. State of Tennessee Department of Treasury raised its position in shares of Brown & Brown by 30.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 112,493 shares of the financial services provider's stock valued at $11,477,000 after purchasing an additional 26,520 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Brown & Brown by 119.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 16,670 shares of the financial services provider's stock worth $1,701,000 after purchasing an additional 9,086 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Brown & Brown by 3.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,611,286 shares of the financial services provider's stock worth $164,383,000 after purchasing an additional 46,912 shares during the last quarter. Mirabella Financial Services LLP bought a new stake in Brown & Brown during the 4th quarter valued at approximately $1,816,000. Finally, MetLife Investment Management LLC grew its holdings in Brown & Brown by 1.6% in the 4th quarter. MetLife Investment Management LLC now owns 67,474 shares of the financial services provider's stock valued at $6,884,000 after buying an additional 1,093 shares during the last quarter. Institutional investors own 71.01% of the company's stock.

Brown & Brown Stock Performance

BRO traded down $3.47 during trading on Friday, hitting $114.29. The stock had a trading volume of 3,085,479 shares, compared to its average volume of 1,439,418. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.79. The company has a 50 day moving average price of $118.02 and a 200-day moving average price of $110.50. Brown & Brown, Inc. has a one year low of $80.91 and a one year high of $125.68. The firm 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 (NYSE:BRO - Get Free Report) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share (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%. As a group, research analysts predict that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BRO shares. Royal Bank of Canada lifted their target price on Brown & Brown from $118.00 to $120.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted 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. Bank of America raised their target price on Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a report on Tuesday, January 28th. UBS Group raised their price objective on Brown & Brown from $110.00 to $120.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $128.00 price objective on shares of Brown & Brown in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Brown & Brown currently has an average rating of "Hold" and an average price target of $117.50.

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.