5,153 Shares in Brown & Brown, Inc. (NYSE:BRO) Purchased by Howland Capital Management LLC

Howland Capital Management LLC bought a new stake in Brown & Brown, Inc. (NYSE:BRO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,153 shares of the financial services provider’s stock, valued at approximately $526,000.

Several other institutional investors also recently made changes to their positions in the stock. Mogy Joel R Investment Counsel Inc. lifted its stake in shares of Brown & Brown by 324.3% during the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 19,285 shares of the financial services provider’s stock worth $1,967,000 after purchasing an additional 14,740 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Brown & Brown by 4.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 161,569 shares of the financial services provider’s stock worth $18,104,000 after acquiring an additional 6,805 shares in the last quarter. Quantbot Technologies LP bought a new position in Brown & Brown during the 3rd quarter worth approximately $9,832,000. Charles Schwab Investment Management Inc. grew its position in shares of Brown & Brown by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,315,654 shares of the financial services provider’s stock worth $136,302,000 after acquiring an additional 17,934 shares in the last quarter. Finally, Peak Financial Advisors LLC bought a new stake in shares of Brown & Brown in the 4th quarter valued at approximately $3,037,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Brown & Brown from $116.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays increased their price target on Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Royal Bank of Canada boosted their price objective on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. StockNews.com lowered Brown & Brown from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, Bank of America raised their target price on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Brown & Brown has a consensus rating of “Hold” and a consensus target price of $113.17.

Brown & Brown Stock Performance

Shares of BRO opened at $108.64 on Monday. Brown & Brown, Inc. has a 52 week low of $78.70 and a 52 week high of $114.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.73 and a current ratio of 1.79. The company has a market capitalization of $31.07 billion, a PE ratio of 31.40, a PEG ratio of 2.84 and a beta of 0.86. The company’s 50 day moving average price is $104.65 and its 200 day moving average price is $104.74.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share 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%. Research analysts expect that Brown & Brown, Inc. will post 4.15 EPS for the current fiscal year.

Brown & Brown Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.55%. Brown & Brown’s dividend payout ratio is 17.34%.

About Brown & Brown

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.