Segall Bryant & Hamill LLC Has $12.79 Million Stake in Brown & Brown, Inc. (NYSE:BRO)

Segall Bryant & Hamill LLC lowered its holdings in Brown & Brown, Inc. (NYSE:BRO) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 125,350 shares of the financial services provider’s stock after selling 744 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Brown & Brown were worth $12,788,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BRO. Vanguard Group Inc. raised its holdings in shares of Brown & Brown by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 29,940,139 shares of the financial services provider’s stock valued at $3,054,493,000 after buying an additional 1,335,964 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Brown & Brown by 0.7% in the fourth quarter. Principal Financial Group Inc. now owns 12,901,968 shares of the financial services provider’s stock worth $1,316,259,000 after acquiring an additional 94,121 shares during the last quarter. Barclays PLC lifted its position in shares of Brown & Brown by 17.8% during the third quarter. Barclays PLC now owns 2,466,582 shares of the financial services provider’s stock worth $255,537,000 after purchasing an additional 371,980 shares in the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Brown & Brown during the fourth quarter valued at approximately $198,031,000. Finally, Royal London Asset Management Ltd. increased its holdings in shares of Brown & Brown by 3.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 1,768,070 shares of the financial services provider’s stock valued at $180,378,000 after purchasing an additional 50,885 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Brown & Brown Trading Up 0.4 %

Shares of NYSE BRO opened at $121.44 on Wednesday. Brown & Brown, Inc. has a twelve month low of $80.33 and a twelve month high of $121.85. The stock has a market cap of $34.72 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 2.93 and a beta of 0.86. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average is $111.92 and its 200-day moving average is $107.82.

Brown & Brown (NYSE:BRO) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping 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%. Equities research analysts predict 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 paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.49%. Brown & Brown’s payout ratio is 17.34%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BRO. Keefe, Bruyette & Woods reduced their price objective on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a report on Friday, January 10th. Bank of America raised their price target on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Wells Fargo & Company lifted their price objective on Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Morgan Stanley restated an “equal weight” rating and set a $128.00 target price on shares of Brown & Brown in a research report on Tuesday. Finally, Royal Bank of Canada lifted their price target on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $112.67.

Brown & Brown 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.