AssuredPartners Investment Advisors LLC Invests $658,000 in Brown & Brown, Inc. (NYSE:BRO)

AssuredPartners Investment Advisors LLC purchased a new stake in shares of Brown & Brown, Inc. (NYSE:BRO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,452 shares of the financial services provider’s stock, valued at approximately $658,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BRO. Brooklyn Investment Group bought a new position in shares of Brown & Brown during the 3rd quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Brown & Brown during the fourth quarter valued at approximately $28,000. Y.D. More Investments Ltd lifted its holdings in Brown & Brown by 122.7% during the fourth quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 162 shares during the period. R Squared Ltd purchased a new position in Brown & Brown in the fourth quarter worth $31,000. Finally, SBI Securities Co. Ltd. bought a new position in Brown & Brown in the 4th quarter valued at $37,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BRO. Wells Fargo & Company boosted their price target on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada boosted their target price on shares of Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their price target on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $128.00 price objective on shares of Brown & Brown in a research note on Tuesday. Finally, 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 research report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $112.67.

Brown & Brown Trading Up 1.1 %

Shares of BRO opened at $123.08 on Friday. Brown & Brown, Inc. has a twelve month low of $80.33 and a twelve month high of $123.24. The stock has a market cap of $35.19 billion, a PE ratio of 35.57, a P/E/G ratio of 2.93 and a beta of 0.86. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $112.98 and its 200-day moving average price is $108.14.

Brown & Brown (NYSE:BRO) last posted its 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 net margin of 20.68% and a return on equity of 17.81%. On average, equities analysts forecast that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown’s dividend payout ratio is 17.34%.

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.