Harvest Fund Management Co. Ltd Has $575,000 Stock Position in Brown & Brown, Inc. (NYSE:BRO)

Harvest Fund Management Co. Ltd grew its stake in shares of Brown & Brown, Inc. (NYSE:BRO) by 24.9% during the 4th quarter, Holdings Channel reports. The firm owned 5,638 shares of the financial services provider’s stock after buying an additional 1,124 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Brown & Brown were worth $575,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 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 bought a new stake in Brown & Brown in the 4th quarter valued at $28,000. Y.D. More Investments Ltd boosted its stake in Brown & Brown by 122.7% in the 4th quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 162 shares during the period. R Squared Ltd bought a new stake in Brown & Brown in the 4th quarter valued at $31,000. Finally, SBI Securities Co. Ltd. bought a new stake in Brown & Brown in the 4th quarter valued at $37,000. 71.01% of the stock is currently owned by institutional investors.

Brown & Brown Trading Down 0.1 %

NYSE BRO opened at $119.80 on Friday. Brown & Brown, Inc. has a 12 month low of $80.33 and a 12 month high of $121.25. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. The business’s 50-day moving average price is $111.23 and its two-hundred day moving average price is $107.58. The firm has a market capitalization of $34.25 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86.

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

Brown & Brown Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.50%. Brown & Brown’s payout ratio is 17.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley assumed coverage on Brown & Brown in a research report on Thursday, December 5th. They set an “overweight” rating and a $134.00 target price for the company. Royal Bank of Canada boosted their price target on Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods lowered their target price on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a report on Friday, January 10th. Wells Fargo & Company upped their target price on Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Barclays upped their target price on Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average 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.