Asset Management One Co. Ltd. Sells 2,713 Shares of Brown & Brown, Inc. (NYSE:BRO)

Asset Management One Co. Ltd. cut its stake in Brown & Brown, Inc. (NYSE:BRO) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,378 shares of the financial services provider’s stock after selling 2,713 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Brown & Brown were worth $9,608,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Mogy Joel R Investment Counsel Inc. increased its stake in Brown & Brown by 324.3% in the fourth quarter. Mogy Joel R Investment Counsel Inc. now owns 19,285 shares of the financial services provider’s stock valued at $1,967,000 after acquiring an additional 14,740 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Brown & Brown by 4.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 161,569 shares of the financial services provider’s stock valued at $18,104,000 after purchasing an additional 6,805 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Brown & Brown in the 3rd quarter valued at $9,832,000. Charles Schwab Investment Management Inc. increased its stake in shares of Brown & Brown by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,315,654 shares of the financial services provider’s stock valued at $136,302,000 after purchasing an additional 17,934 shares during the last quarter. Finally, EULAV Asset Management increased its stake in shares of Brown & Brown by 144.8% in the 4th quarter. EULAV Asset Management now owns 430,900 shares of the financial services provider’s stock valued at $43,960,000 after purchasing an additional 254,900 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

Brown & Brown Trading Down 0.4 %

BRO opened at $110.50 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.73. Brown & Brown, Inc. has a fifty-two week low of $80.33 and a fifty-two week high of $114.15. The firm has a market capitalization of $31.60 billion, a PE ratio of 31.94, a P/E/G ratio of 2.84 and a beta of 0.86. The company’s 50-day moving average is $104.64 and its 200 day moving average is $105.19.

Brown & Brown (NYSE:BRO) last posted its quarterly earnings data 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 net margin of 20.68% and a return on equity of 17.81%. As a group, research analysts predict that Brown & Brown, Inc. will post 4.15 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. Brown & Brown’s dividend payout ratio (DPR) is presently 17.34%.

Analysts Set New Price Targets

BRO has been the subject of a number of research reports. Royal Bank of Canada increased their price target on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods dropped their target price on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research report on Friday, January 10th. Barclays upped their price objective on Brown & Brown from $108.00 to $119.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Bank of America lifted their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their price target on shares of 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, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Brown & Brown currently has an average rating of “Hold” and an average price target of $113.17.

About Brown & Brown

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.