5,995 Shares in Brown & Brown, Inc. (NYSE:BRO) Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. acquired a new position in Brown & Brown, Inc. (NYSE:BRO) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 5,995 shares of the financial services provider’s stock, valued at approximately $621,000.

Several other large investors also recently modified their holdings of the company. Callan Family Office LLC grew its holdings in Brown & Brown by 34.2% during the third quarter. Callan Family Office LLC now owns 6,112 shares of the financial services provider’s stock valued at $633,000 after purchasing an additional 1,557 shares during the period. Threadgill Financial LLC grew its holdings in Brown & Brown by 82.1% during the third quarter. Threadgill Financial LLC now owns 33,445 shares of the financial services provider’s stock valued at $3,465,000 after purchasing an additional 15,082 shares during the period. Fulton Bank N.A. bought a new stake in Brown & Brown during the third quarter valued at about $223,000. GAMMA Investing LLC grew its holdings in Brown & Brown by 26.4% during the third quarter. GAMMA Investing LLC now owns 7,298 shares of the financial services provider’s stock valued at $756,000 after purchasing an additional 1,522 shares during the period. Finally, Czech National Bank grew its holdings in Brown & Brown by 6.9% during the third quarter. Czech National Bank now owns 48,231 shares of the financial services provider’s stock valued at $4,997,000 after purchasing an additional 3,115 shares during the period. Institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling at Brown & Brown

In other Brown & Brown news, CFO R. Andrew Watts sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $100.32, for a total transaction of $250,800.00. Following the sale, the chief financial officer now directly owns 88,445 shares in the company, valued at $8,872,802.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Brown & Brown news, CFO R. Andrew Watts sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $100.32, for a total transaction of $250,800.00. Following the sale, the chief financial officer now directly owns 88,445 shares in the company, valued at $8,872,802.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Hyatt J. Brown sold 134,640 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $104.51, for a total value of $14,071,226.40. The disclosure for this sale can be found here. Company insiders own 17.02% of the company’s stock.

Brown & Brown Price Performance

NYSE:BRO opened at $103.68 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $29.57 billion, a P/E ratio of 31.90, a P/E/G ratio of 2.44 and a beta of 0.83. Brown & Brown, Inc. has a 12 month low of $66.73 and a 12 month high of $106.67. The business’s 50-day moving average is $102.81 and its 200 day moving average is $93.63.

Brown & Brown (NYSE:BRO) last posted its earnings results on Monday, July 22nd. The financial services provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.14 billion. Brown & Brown had a return on equity of 17.00% and a net margin of 21.95%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. On average, equities research analysts forecast that Brown & Brown, Inc. will post 3.68 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.52 dividend on an annualized basis and a yield of 0.50%. Brown & Brown’s dividend payout ratio (DPR) is presently 16.00%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays assumed coverage on Brown & Brown in a report on Wednesday, September 4th. They set an “equal weight” rating and a $108.00 price target for the company. Royal Bank of Canada boosted their price target on Brown & Brown from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Keefe, Bruyette & Woods upped their price objective on Brown & Brown from $86.00 to $92.00 and gave the stock an “underperform” rating in a research note on Friday, July 26th. Wells Fargo & Company upped their price objective on Brown & Brown from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Bank of America upped their price objective on Brown & Brown from $108.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Brown & Brown Company Profile

Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services.