Blair William & Co. IL Has $2.63 Million Stock Holdings in Brown & Brown, Inc. (NYSE:BRO)

Blair William & Co. IL raised its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 274.9% in the 4th quarter, HoldingsChannel reports. The firm 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).

A number of other hedge funds also recently modified their holdings of the stock. AssuredPartners Investment Advisors LLC bought a new position in Brown & Brown during the 4th quarter worth $658,000. NEOS Investment Management LLC lifted its position in Brown & Brown by 28.5% during the fourth quarter. NEOS Investment Management LLC now owns 11,183 shares of the financial services provider’s stock worth $1,141,000 after purchasing an additional 2,483 shares during the period. UniSuper Management Pty Ltd grew its stake in Brown & Brown by 22.8% during the fourth quarter. UniSuper Management Pty Ltd now owns 25,637 shares of the financial services provider’s stock worth $2,615,000 after buying an additional 4,759 shares in the last quarter. Moment Partners LLC bought a new position in Brown & Brown in the 4th quarter valued at about $457,000. Finally, Elo Mutual Pension Insurance Co lifted its holdings in shares of Brown & Brown by 12.3% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 24,194 shares of the financial services provider’s stock worth $2,468,000 after acquiring an additional 2,657 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Brown & Brown Stock Down 0.2 %

Brown & Brown stock opened at $124.09 on Wednesday. The firm has a 50 day simple moving average of $113.71 and a 200 day simple moving average of $108.52. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. Brown & Brown, Inc. has a 1-year low of $80.33 and a 1-year high of $125.68. The firm has a market capitalization of $35.48 billion, a price-to-earnings ratio of 35.86, a P/E/G 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were issued a $0.15 dividend. The ex-dividend date was Wednesday, February 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.48%. Brown & Brown’s payout ratio is currently 17.34%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BRO shares. Keefe, Bruyette & Woods lowered their price target on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a report on Friday, January 10th. Royal Bank of Canada raised their target price on shares of Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company upped 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. Bank of America raised their price objective on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $128.00 target price on shares of Brown & Brown in a report on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Brown & Brown currently has an average rating of “Hold” and an average target price of $112.67.

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.