Inceptionr LLC Purchases 4,929 Shares of Brown & Brown, Inc. (NYSE:BRO)

Inceptionr LLC lifted its position in Brown & Brown, Inc. (NYSE:BRO) by 39.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,562 shares of the financial services provider’s stock after acquiring an additional 4,929 shares during the period. Inceptionr LLC’s holdings in Brown & Brown were worth $1,792,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BRO. Brooklyn Investment Group bought a new position in shares of Brown & Brown in the 3rd quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Brown & Brown in the 4th quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new position in shares of Brown & Brown in the 3rd quarter worth approximately $29,000. Y.D. More Investments Ltd raised its position in shares of Brown & Brown by 122.7% in the 4th quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 162 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Brown & Brown in the 4th quarter worth approximately $31,000. Institutional investors own 71.01% of the company’s stock.

Brown & Brown Stock Up 0.4 %

Brown & Brown stock opened at $119.67 on Thursday. The firm has a market cap of $34.22 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.93 and a beta of 0.86. The stock has a fifty day simple moving average of $107.20 and a two-hundred day simple moving average of $106.33. Brown & Brown, Inc. has a 12 month low of $80.33 and a 12 month high of $120.61. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56.

Brown & Brown (NYSE:BRO) last posted its 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%. Equities analysts predict that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown’s payout ratio is currently 17.34%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BRO shares. Wells Fargo & Company increased their target price on Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada raised their price objective on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price objective 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 raised their price objective on Brown & Brown from $108.00 to $119.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Finally, Bank of America raised their price objective on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $113.17.

Brown & Brown Company 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.