3,221 Shares in Brown & Brown, Inc. (NYSE:BRO) Bought by Optimize Financial Inc

Optimize Financial Inc acquired a new stake in Brown & Brown, Inc. (NYSE:BRO) in the fourth quarter, Holdings Channel reports. The firm acquired 3,221 shares of the financial services provider’s stock, valued at approximately $329,000.

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

Brown & Brown Trading Up 1.4 %

Shares of Brown & Brown stock opened at $118.88 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market capitalization of $33.99 billion, a P/E ratio of 34.36, a P/E/G ratio of 2.93 and a beta of 0.75. Brown & Brown, Inc. has a 52-week low of $80.33 and a 52-week high of $125.68. The stock’s 50-day simple moving average is $116.39 and its 200 day simple moving average is $109.58.

Brown & Brown (NYSE:BRO) last posted its quarterly 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%. 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 announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders 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 annualized dividend and a dividend yield of 0.50%. Brown & Brown’s dividend payout ratio is currently 17.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Brown & Brown from $97.00 to $102.00 and gave the stock an “underperform” rating in a research report on Wednesday. Morgan Stanley reiterated an “equal weight” rating and set a $128.00 price target on shares of Brown & Brown in a report on Tuesday, March 25th. UBS Group boosted their price objective on Brown & Brown from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday. Jefferies Financial Group raised their target price on Brown & Brown from $105.00 to $109.00 and gave the stock a “hold” rating in a research note on Friday. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $115.83.

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.