Natixis Advisors LLC Has $85.88 Million Position in Brown & Brown, Inc. (NYSE:BRO)

Natixis Advisors LLC raised its position in Brown & Brown, Inc. (NYSE:BRO) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 841,768 shares of the financial services provider’s stock after acquiring an additional 62,334 shares during the quarter. Natixis Advisors LLC owned approximately 0.29% of Brown & Brown worth $85,877,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Brown & Brown in the third quarter valued at $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Brown & Brown in the fourth quarter valued at $28,000. Y.D. More Investments Ltd lifted its stake in Brown & Brown by 122.7% in the fourth quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 162 shares during the last quarter. R Squared Ltd acquired a new stake in Brown & Brown in the fourth quarter valued at $31,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Brown & Brown in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Brown & Brown Price Performance

BRO stock opened at $118.21 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. Brown & Brown, Inc. has a 12 month low of $80.33 and a 12 month high of $121.25. The firm has a market cap of $33.80 billion, a P/E ratio of 34.16, a P/E/G ratio of 2.93 and a beta of 0.85. The company’s 50-day moving average price is $109.79 and its two-hundred day moving average price is $107.18.

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

Brown & Brown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were paid a $0.15 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.51%. Brown & Brown’s payout ratio is currently 17.34%.

Analyst Upgrades and Downgrades

BRO has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a research report on Friday, January 10th. Royal Bank of Canada increased their price objective on shares of Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Bank of America increased their price objective on shares of Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. Barclays increased their price objective on shares of Brown & Brown from $108.00 to $119.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective on shares of Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $113.17.

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.