Advisory Alpha LLC Purchases 788 Shares of Brown & Brown, Inc. (NYSE:BRO)

Advisory Alpha LLC increased its position in Brown & Brown, Inc. (NYSE:BRO) by 36.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,973 shares of the financial services provider’s stock after acquiring an additional 788 shares during the quarter. Advisory Alpha LLC’s holdings in Brown & Brown were worth $303,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BRO. Brooklyn Investment Group bought a new stake in Brown & Brown during the third quarter valued at approximately $26,000. ST Germain D J Co. Inc. lifted its position in Brown & Brown by 298.5% during the third quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Brown & Brown during the third quarter valued at approximately $29,000. Versant Capital Management Inc lifted its position in Brown & Brown by 130.7% during the fourth quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 234 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Brown & Brown during the third quarter valued at approximately $58,000. 71.01% of the stock is currently owned by institutional investors.

Brown & Brown Stock Up 0.0 %

Shares of NYSE BRO opened at $105.21 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.52. Brown & Brown, Inc. has a 52 week low of $75.79 and a 52 week high of $114.15. The firm’s fifty day moving average is $105.92 and its 200 day moving average is $103.59. The company has a market cap of $30.08 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.12 and a beta of 0.85.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. Brown & Brown had a net margin of 22.65% and a return on equity of 17.12%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. On average, equities research analysts expect that Brown & Brown, Inc. will post 3.74 earnings per share for the current year.

Brown & Brown Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, February 5th. Brown & Brown’s payout ratio is currently 16.35%.

Wall Street Analyst Weigh In

BRO has been the subject of several research analyst reports. Morgan Stanley started coverage on shares of Brown & Brown in a research report on Thursday, December 5th. They set an “overweight” rating and a $134.00 target price for the company. Jefferies Financial Group lifted their price target on shares of Brown & Brown from $98.00 to $104.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods decreased 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. Barclays lifted their price target on shares of Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, Royal Bank of Canada lifted their price target on shares of Brown & Brown from $113.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $112.08.

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.