358 Shares in Brown & Brown, Inc. (NYSE:BRO) Bought by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. purchased a new stake in Brown & Brown, Inc. (NYSE:BRO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 358 shares of the financial services provider’s stock, valued at approximately $37,000.

Several other large investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in Brown & Brown by 83.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,917 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 1,787 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in Brown & Brown by 25.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,931 shares of the financial services provider’s stock valued at $197,000 after acquiring an additional 396 shares in the last quarter. Norden Group LLC boosted its holdings in Brown & Brown by 1.5% in the fourth quarter. Norden Group LLC now owns 11,401 shares of the financial services provider’s stock valued at $1,163,000 after acquiring an additional 172 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Brown & Brown in the fourth quarter valued at $28,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Brown & Brown by 34.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 811 shares of the financial services provider’s stock valued at $83,000 after acquiring an additional 207 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Brown & Brown Price Performance

BRO opened at $117.84 on Wednesday. The stock has a 50-day moving average price of $108.48 and a 200-day moving average price of $106.78. 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 firm has a market cap of $33.70 billion, a PE ratio of 34.06, a P/E/G ratio of 2.93 and a beta of 0.85. Brown & Brown, Inc. has a 1 year low of $80.33 and a 1 year high of $121.25.

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, topping 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%. Sell-side analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown’s dividend payout ratio (DPR) is 17.34%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley assumed coverage on shares of Brown & Brown in a report on Thursday, December 5th. They issued an “overweight” rating and a $134.00 price target on the stock. Royal Bank of Canada boosted their target price on shares of 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 dropped their target price on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a report on Friday, January 10th. Bank of America boosted their target price on shares of Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company boosted their target price on shares of Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. One investment 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 data from MarketBeat.com, Brown & Brown presently has a consensus rating of “Hold” and a consensus 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.