Motley Fool Asset Management LLC Has $9.23 Million Holdings in Brown & Brown, Inc. (NYSE:BRO)

Motley Fool Asset Management LLC cut its position in Brown & Brown, Inc. (NYSE:BRO) by 25.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 90,514 shares of the financial services provider’s stock after selling 30,268 shares during the period. Motley Fool Asset Management LLC’s holdings in Brown & Brown were worth $9,234,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Brown & Brown in the 4th quarter valued at about $28,000. Y.D. More Investments Ltd grew its holdings in Brown & Brown by 122.7% during the fourth quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 162 shares during the period. R Squared Ltd acquired a new position in Brown & Brown during the fourth quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new stake in Brown & Brown in the fourth quarter valued at approximately $37,000. Finally, Versant Capital Management Inc lifted its position in shares of Brown & Brown by 130.7% in the fourth quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider’s stock valued at $42,000 after buying an additional 234 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Bank of America increased their price target on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Wells Fargo & Company boosted their price target on Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and set a $128.00 price objective on shares of Brown & Brown in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods cut their price target on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research note on Friday, January 10th. Finally, Royal Bank of Canada raised their price objective on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.67.

Brown & Brown Trading Up 0.2 %

Shares of BRO stock opened at $124.36 on Thursday. The stock has a 50-day moving average of $114.46 and a 200-day moving average of $108.78. 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 stock has a market cap of $35.56 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 2.93 and a beta of 0.86. Brown & Brown, Inc. has a 1-year low of $80.33 and a 1-year high of $125.68.

Brown & Brown (NYSE:BRO) last released its 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 net margin of 20.68% and a return on equity of 17.81%. On average, equities research analysts forecast that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Wednesday, February 5th. 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.