Brown & Brown, Inc. (NYSE:BRO) Stock Holdings Lifted by Integrated Advisors Network LLC

Integrated Advisors Network LLC raised its position in shares of Brown & Brown, Inc. (NYSE:BRO) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,979 shares of the financial services provider’s stock after purchasing an additional 635 shares during the period. Integrated Advisors Network LLC’s holdings in Brown & Brown were worth $2,061,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cim LLC bought a new position in shares of Brown & Brown during the 4th quarter valued at $1,055,000. Speece Thorson Capital Group Inc. increased its position in Brown & Brown by 0.7% during the fourth quarter. Speece Thorson Capital Group Inc. now owns 139,077 shares of the financial services provider’s stock worth $9,890,000 after buying an additional 936 shares during the last quarter. Quarry LP acquired a new stake in shares of Brown & Brown in the fourth quarter worth about $54,000. Osterweis Capital Management Inc. lifted its position in shares of Brown & Brown by 1.2% in the fourth quarter. Osterweis Capital Management Inc. now owns 386,779 shares of the financial services provider’s stock worth $27,504,000 after buying an additional 4,668 shares during the last quarter. Finally, Chilton Investment Co. Inc. boosted its stake in shares of Brown & Brown by 18.4% during the 4th quarter. Chilton Investment Co. Inc. now owns 18,022 shares of the financial services provider’s stock worth $1,282,000 after acquiring an additional 2,800 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Brown & Brown Stock Performance

BRO stock traded down $0.44 during trading on Friday, reaching $90.08. 648,624 shares of the stock were exchanged, compared to its average volume of 1,053,122. The stock has a 50 day simple moving average of $86.14 and a 200-day simple moving average of $81.25. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $25.70 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 2.37 and a beta of 0.82. Brown & Brown, Inc. has a twelve month low of $64.50 and a twelve month high of $91.70.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.07. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. Brown & Brown had a return on equity of 16.43% and a net margin of 21.09%. Brown & Brown’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. As a group, sell-side analysts anticipate that Brown & Brown, Inc. will post 3.61 earnings per share for the current year.

Brown & Brown Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BRO shares. Truist Financial boosted their target price on Brown & Brown from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Bank of America raised shares of Brown & Brown from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $91.00 to $101.00 in a report on Wednesday, May 22nd. Wells Fargo & Company lifted their target price on shares of Brown & Brown from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 24th. Royal Bank of Canada upped their price target 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. Finally, StockNews.com upgraded Brown & Brown from a “hold” rating to a “buy” rating in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $89.40.

Insider Activity

In other news, EVP Julie Turpin sold 3,350 shares of Brown & Brown stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $89.92, for a total transaction of $301,232.00. Following the sale, the executive vice president now directly owns 23,597 shares in the company, valued at approximately $2,121,842.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 17.02% of the company’s stock.

Brown & Brown Profile

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.