Blair William & Co. IL Boosts Holdings in Brown & Brown, Inc. (NYSE:BRO)

Blair William & Co. IL lifted its position in shares of Brown & Brown, Inc. (NYSE:BRO) by 274.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,820 shares of the financial services provider’s stock after buying an additional 18,933 shares during the period. Blair William & Co. IL’s holdings in Brown & Brown were worth $2,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its holdings in Brown & Brown by 42.4% during the 3rd quarter. FMR LLC now owns 1,109,840 shares of the financial services provider’s stock valued at $114,979,000 after acquiring an additional 330,661 shares during the period. CreativeOne Wealth LLC lifted its position in shares of Brown & Brown by 8.1% during the third quarter. CreativeOne Wealth LLC now owns 2,748 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 205 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Brown & Brown by 8.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,378 shares of the financial services provider’s stock valued at $4,701,000 after purchasing an additional 3,581 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Brown & Brown by 2.7% in the third quarter. Public Sector Pension Investment Board now owns 41,285 shares of the financial services provider’s stock valued at $4,277,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Walleye Capital LLC increased its stake in Brown & Brown by 346.3% during the 3rd quarter. Walleye Capital LLC now owns 15,518 shares of the financial services provider’s stock worth $1,608,000 after buying an additional 12,041 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reduced their price target on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a research report on Friday, January 10th. Bank of America lifted their price target on shares of 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 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. Morgan Stanley restated an “equal weight” rating and issued a $128.00 price objective on shares of Brown & Brown in a report on Tuesday, March 25th. Finally, Royal Bank of Canada boosted their target price on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.67.

Brown & Brown Trading Down 0.2 %

NYSE:BRO opened at $124.09 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $35.48 billion, a P/E ratio of 35.86, a P/E/G ratio of 2.93 and a beta of 0.86. The stock’s 50 day moving average price is $113.71 and its 200 day moving average price is $108.52. Brown & Brown, Inc. has a 52 week low of $80.33 and a 52 week high of $125.68.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts forecast that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were given a $0.15 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.48%. Brown & Brown’s 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.