Capula Management Ltd Acquires New Stake in Brown & Brown, Inc. (NYSE:BRO)

Capula Management Ltd bought a new position in Brown & Brown, Inc. (NYSE:BRO) in the fourth quarter, Holdings Channel.com reports. The fund bought 2,954 shares of the financial services provider’s stock, valued at approximately $301,000.

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

Analysts Set New Price Targets

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

Brown & Brown Stock Down 2.1 %

BRO stock opened at $112.65 on Tuesday. The business’s 50 day simple moving average is $115.12 and its 200 day simple moving average is $109.13. 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 firm has a market capitalization of $32.21 billion, a PE ratio of 32.56, a PEG ratio of 2.93 and a beta of 0.75. Brown & Brown, Inc. has a 1-year low of $80.33 and a 1-year high of $125.68.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) 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%. As a group, research analysts anticipate that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Brown & Brown Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were given 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 dividend yield of 0.53%. Brown & Brown’s dividend payout ratio (DPR) 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.