Zacks Investment Management Has $1.73 Million Position in Brown & Brown, Inc. (NYSE:BRO)

Zacks Investment Management increased its position in shares of Brown & Brown, Inc. (NYSE:BRO - Free Report) by 28.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,997 shares of the financial services provider's stock after acquiring an additional 3,780 shares during the period. Zacks Investment Management's holdings in Brown & Brown were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission.

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

Brown & Brown Trading Up 0.7 %

BRO traded up $0.83 during mid-day trading on Wednesday, hitting $118.39. The stock had a trading volume of 1,929,970 shares, compared to its average volume of 1,766,129. The stock's fifty day simple moving average is $117.66 and its 200-day simple moving average is $110.25. 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 firm has a market capitalization of $33.85 billion, a price-to-earnings ratio of 34.22, a price-to-earnings-growth ratio of 2.93 and a beta of 0.75. Brown & Brown, Inc. has a 1-year low of $80.87 and a 1-year high of $125.68.

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 20.68% and a return on equity of 17.81%. As a group, research analysts forecast that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on BRO. Bank of America increased their price objective on Brown & Brown from $116.00 to $117.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 28th. Wells Fargo & Company upped their price target on Brown & Brown from $115.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their target price on shares of Brown & Brown from $97.00 to $102.00 and gave the stock an "underperform" rating in a research report on Wednesday, April 9th. Edward Jones began coverage on shares of Brown & Brown in a report on Wednesday, April 16th. They issued a "buy" rating for the company. Finally, Barclays upped their price objective on shares of Brown & Brown from $119.00 to $121.00 and gave the company an "equal weight" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Brown & Brown presently has a consensus rating of "Hold" and a consensus target price 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.