Smartleaf Asset Management LLC Acquires 207 Shares of Brown & Brown, Inc. (NYSE:BRO)

Smartleaf Asset Management LLC lifted its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 34.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 811 shares of the financial services provider’s stock after purchasing an additional 207 shares during the period. Smartleaf Asset Management LLC’s holdings in Brown & Brown were worth $83,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BRO. Brooklyn Investment Group bought a new stake in shares of Brown & Brown during the third quarter worth $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Brown & Brown during the third quarter worth $29,000. Y.D. More Investments Ltd grew its holdings in shares of Brown & Brown by 122.7% during the fourth 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 during the last quarter. R Squared Ltd bought a new stake in shares of Brown & Brown during the fourth quarter worth $31,000. Finally, Versant Capital Management Inc grew its holdings in shares of Brown & Brown by 130.7% during the fourth 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 last quarter. Institutional investors own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BRO. Bank of America raised their price target on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Royal Bank of Canada raised their price target on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their price target on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a report on Friday, January 10th. Morgan Stanley began coverage on Brown & Brown in a report on Thursday, December 5th. They issued an “overweight” rating and a $134.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Brown & Brown currently has an average rating of “Hold” and an average price target of $113.17.

Brown & Brown Trading Down 0.0 %

NYSE BRO opened at $118.70 on Friday. The firm has a market cap of $33.94 billion, a P/E ratio of 34.31, a P/E/G ratio of 2.93 and a beta of 0.86. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.79. The stock’s 50-day moving average is $108.13 and its 200-day moving average is $106.61. Brown & Brown, Inc. has a one year low of $80.33 and a one year high of $120.61.

Brown & Brown (NYSE:BRO) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.10. Brown & Brown had a return on equity of 17.81% and a net margin of 20.68%. Sell-side analysts anticipate that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

The firm also recently declared 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Wednesday, February 5th. Brown & Brown’s dividend payout ratio is currently 17.34%.

Brown & Brown 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.