Brown & Brown, Inc. (NYSE:BRO) Shares Acquired by Dorsey Wright & Associates

Dorsey Wright & Associates increased its stake in shares of Brown & Brown, Inc. (NYSE:BRO) by 3.8% during the 4th quarter, Holdings Channel reports. The fund owned 34,135 shares of the financial services provider’s stock after purchasing an additional 1,259 shares during the quarter. Dorsey Wright & Associates’ holdings in Brown & Brown were worth $3,482,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Brown & Brown during the 3rd quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Brown & Brown during the fourth quarter valued at $28,000. Y.D. More Investments Ltd increased 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 buying an additional 162 shares in the last quarter. R Squared Ltd acquired a new position in shares of Brown & Brown in the fourth quarter worth about $31,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Brown & Brown during the 4th quarter worth about $37,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BRO. Morgan Stanley restated an “equal weight” rating and issued a $128.00 price target on shares of Brown & Brown in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods reduced their target price on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research note on Friday, January 10th. Royal Bank of Canada lifted their price target on shares of Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price objective 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. Finally, Bank of America lifted their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $112.67.

Brown & Brown Stock Up 0.1 %

BRO stock opened at $122.97 on Friday. The company has a market cap of $35.16 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 2.93 and a beta of 0.86. The firm has a 50-day moving average of $113.33 and a two-hundred day moving average of $108.31. Brown & Brown, Inc. has a 12 month low of $80.33 and a 12 month high of $123.24. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56.

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

Brown & Brown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were issued 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 0.49%. Brown & Brown’s dividend payout ratio is presently 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.