Capital Fund Management S.A. Has $8.30 Million Holdings in Brown & Brown, Inc. (NYSE:BRO)

Capital Fund Management S.A. lifted its position in shares of Brown & Brown, Inc. (NYSE:BROFree Report) by 81.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,689 shares of the financial services provider’s stock after purchasing an additional 52,482 shares during the quarter. Capital Fund Management S.A.’s holdings in Brown & Brown were worth $8,298,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in Brown & Brown during the 4th quarter valued at about $217,663,000. The Manufacturers Life Insurance Company grew its holdings in Brown & Brown by 76.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,000,227 shares of the financial services provider’s stock worth $142,236,000 after buying an additional 865,082 shares in the last quarter. Allianz Asset Management GmbH raised its position in Brown & Brown by 339.1% in the 4th quarter. Allianz Asset Management GmbH now owns 648,550 shares of the financial services provider’s stock valued at $46,118,000 after buying an additional 500,847 shares during the last quarter. FMR LLC lifted its stake in Brown & Brown by 81.9% during the 3rd quarter. FMR LLC now owns 1,021,668 shares of the financial services provider’s stock valued at $71,353,000 after acquiring an additional 460,068 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Brown & Brown during the 4th quarter worth $27,805,000. 71.01% of the stock is currently owned by institutional investors.

Brown & Brown Stock Down 0.7 %

Shares of NYSE BRO opened at $89.64 on Tuesday. The business’s fifty day moving average price is $85.73 and its 200-day moving average price is $80.85. Brown & Brown, Inc. has a one year low of $63.37 and a one year high of $91.70. The stock has a market capitalization of $25.57 billion, a PE ratio of 27.58, a P/E/G ratio of 2.37 and a beta of 0.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.97 and a quick ratio of 1.97.

Brown & Brown (NYSE:BROGet Free Report) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.07. Brown & Brown had a net margin of 21.09% and a return on equity of 16.43%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $0.84 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities research analysts anticipate that Brown & Brown, Inc. will post 3.61 EPS for the current year.

Brown & Brown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, May 6th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 0.58%. Brown & Brown’s payout ratio is 16.00%.

Insider Buying and Selling at Brown & Brown

In other news, EVP Julie Turpin sold 3,350 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $89.92, for a total value of $301,232.00. Following the completion of the transaction, the executive vice president now directly owns 23,597 shares of the company’s stock, valued at $2,121,842.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BRO shares. Royal Bank of Canada increased their target price on shares of Brown & Brown from $87.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Citigroup lifted their target price on shares of Brown & Brown from $94.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. raised Brown & Brown from a “hold” rating to a “buy” rating in a research report on Wednesday, May 29th. Keefe, Bruyette & Woods lifted their price target on Brown & Brown from $80.00 to $82.00 and gave the stock an “underperform” rating in a report on Friday, May 3rd. Finally, Bank of America upgraded Brown & Brown from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $91.00 to $101.00 in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $89.40.

Get Our Latest Stock Report on BRO

Brown & Brown Profile

(Free Report)

Brown & Brown, Inc markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services. The Retail segment provides property and casualty, employee benefits insurance products, personal insurance products, specialties insurance products, risk management strategies, loss control survey and analysis, consultancy, and claims processing services.

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Institutional Ownership by Quarter for Brown & Brown (NYSE:BRO)

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