UniSuper Management Pty Ltd Boosts Stock Holdings in Brown & Brown, Inc. (NYSE:BRO)

UniSuper Management Pty Ltd raised its position in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,637 shares of the financial services provider's stock after purchasing an additional 4,759 shares during the quarter. UniSuper Management Pty Ltd's holdings in Brown & Brown were worth $2,615,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BRO. Mogy Joel R Investment Counsel Inc. lifted its holdings in shares of Brown & Brown by 324.3% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 19,285 shares of the financial services provider's stock valued at $1,967,000 after buying an additional 14,740 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Brown & Brown by 4.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 161,569 shares of the financial services provider's stock worth $18,104,000 after purchasing an additional 6,805 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Brown & Brown by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,356,535 shares of the financial services provider's stock valued at $138,394,000 after purchasing an additional 40,881 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Brown & Brown by 19.9% during the 4th quarter. Victory Capital Management Inc. now owns 304,405 shares of the financial services provider's stock valued at $31,055,000 after purchasing an additional 50,510 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Brown & Brown by 47.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 168,838 shares of the financial services provider's stock valued at $17,225,000 after purchasing an additional 54,246 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

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Brown & Brown Trading Up 0.2 %

Brown & Brown stock traded up $0.25 during midday trading on Thursday, hitting $124.48. 495,523 shares of the stock were exchanged, compared to its average volume of 1,692,946. The stock's 50-day simple moving average is $114.46 and its 200 day simple moving average is $108.78. Brown & Brown, Inc. has a fifty-two week low of $80.33 and a fifty-two week high of $125.68. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $35.59 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 2.93 and a beta of 0.86.

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

Brown & Brown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.48%. Brown & Brown's dividend payout ratio is presently 17.34%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BRO. Wells Fargo & Company upped 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. Royal Bank of Canada increased their target price on Brown & Brown from $118.00 to $120.00 and gave the company an "outperform" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their price target on shares of Brown & Brown from $99.00 to $97.00 and set an "underperform" rating on the stock in a research note on Friday, January 10th. Bank of America upped their price objective on shares of Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 28th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $128.00 target price on shares of Brown & Brown in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Brown & Brown currently has an average rating of "Hold" and an average price target of $112.67.

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.