Atria Investments Inc Has $3.35 Million Stock Position in Brown & Brown, Inc. (NYSE:BRO)

Atria Investments Inc trimmed its position in Brown & Brown, Inc. (NYSE:BRO) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,819 shares of the financial services provider’s stock after selling 2,221 shares during the quarter. Atria Investments Inc’s holdings in Brown & Brown were worth $3,348,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BRO. Farther Finance Advisors LLC boosted its holdings in shares of Brown & Brown by 18.5% in the third quarter. Farther Finance Advisors LLC now owns 2,914 shares of the financial services provider’s stock worth $302,000 after buying an additional 455 shares during the period. Portside Wealth Group LLC boosted its holdings in shares of Brown & Brown by 5.4% in the third quarter. Portside Wealth Group LLC now owns 7,843 shares of the financial services provider’s stock worth $813,000 after buying an additional 402 shares during the period. Leavell Investment Management Inc. boosted its holdings in shares of Brown & Brown by 0.7% in the third quarter. Leavell Investment Management Inc. now owns 59,552 shares of the financial services provider’s stock worth $6,170,000 after buying an additional 421 shares during the period. Equitable Trust Co. boosted its holdings in shares of Brown & Brown by 2.5% in the third quarter. Equitable Trust Co. now owns 11,505 shares of the financial services provider’s stock worth $1,192,000 after buying an additional 282 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in shares of Brown & Brown in the third quarter worth about $291,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Brown & Brown Price Performance

Shares of BRO opened at $118.70 on Friday. Brown & Brown, Inc. has a twelve month low of $80.33 and a twelve month high of $120.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.79 and a current ratio of 1.79. The firm’s 50 day moving average price is $108.13 and its 200 day moving average price is $106.61. The firm has a market cap of $33.94 billion, a PE ratio of 34.31, a PEG ratio of 2.93 and a beta of 0.86.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings results 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 return on equity of 17.81% and a net margin of 20.68%. As a group, research analysts expect that Brown & Brown, Inc. will post 4.18 EPS for the current fiscal year.

Brown & Brown Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays increased their price target on shares of Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Bank of America increased their price target 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. Royal Bank of Canada increased their price target on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $113.17.

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.