Metis Global Partners LLC Buys 598 Shares of Brown & Brown, Inc. (NYSE:BRO)

Metis Global Partners LLC raised its stake in Brown & Brown, Inc. (NYSE:BRO) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,662 shares of the financial services provider’s stock after buying an additional 598 shares during the quarter. Metis Global Partners LLC’s holdings in Brown & Brown were worth $1,598,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Brown & Brown by 11.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,853 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 1,380 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Brown & Brown by 18.5% in the third quarter. Farther Finance Advisors LLC now owns 2,914 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 455 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Brown & Brown by 5.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 689,556 shares of the financial services provider’s stock valued at $71,438,000 after purchasing an additional 33,440 shares during the last quarter. National Pension Service raised its holdings in shares of Brown & Brown by 2.5% in the third quarter. National Pension Service now owns 366,519 shares of the financial services provider’s stock valued at $37,971,000 after purchasing an additional 8,776 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Brown & Brown by 3.9% in the third quarter. Asset Management One Co. Ltd. now owns 96,091 shares of the financial services provider’s stock valued at $9,955,000 after purchasing an additional 3,600 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BRO. Barclays lifted their price objective on shares of Brown & Brown from $108.00 to $119.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Bank of America boosted their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. 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 report on Wednesday, January 29th. Morgan Stanley initiated coverage on shares of Brown & Brown in a report on Thursday, December 5th. They set an “overweight” rating and a $134.00 target price on the stock. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $113.17.

Brown & Brown Trading Up 1.2 %

BRO stock opened at $119.97 on Tuesday. 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 company has a fifty day moving average price of $106.55 and a two-hundred day moving average price of $106.07. Brown & Brown, Inc. has a one year low of $80.33 and a one year high of $120.39. The stock has a market cap of $34.30 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86.

Brown & Brown (NYSE:BRO) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 EPS 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%. Equities analysts anticipate that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Brown & Brown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.50%. Brown & Brown’s payout ratio is presently 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.