Brown & Brown, Inc. (NYSE:BRO) Stock Holdings Decreased by Inspire Investing LLC

Inspire Investing LLC decreased its stake in shares of Brown & Brown, Inc. (NYSE:BRO) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,646 shares of the financial services provider’s stock after selling 695 shares during the period. Inspire Investing LLC’s holdings in Brown & Brown were worth $1,188,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BRO. Brooklyn Investment Group bought a new position in Brown & Brown during the 3rd quarter worth approximately $26,000. ST Germain D J Co. Inc. raised its position in shares of Brown & Brown by 298.5% during the 3rd quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Brown & Brown during the third quarter worth $29,000. Versant Capital Management Inc lifted its stake in 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. Finally, Wilmington Savings Fund Society FSB acquired a new position in Brown & Brown in the third quarter worth $58,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Brown & Brown Trading Up 0.0 %

NYSE:BRO opened at $105.21 on Friday. The stock has a market cap of $30.08 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 2.12 and a beta of 0.85. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.73 and a current ratio of 1.73. Brown & Brown, Inc. has a 1 year low of $75.79 and a 1 year high of $114.15. The business has a fifty day moving average of $105.92 and a 200-day moving average of $103.59.

Brown & Brown (NYSE:BRO) last announced its earnings results on Monday, October 28th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Brown & Brown had a net margin of 22.65% and a return on equity of 17.12%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. Brown & Brown’s revenue was up 11.0% compared to the same quarter last year. Equities analysts predict that Brown & Brown, Inc. will post 3.74 earnings per share for the current year.

Brown & Brown Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.60 annualized dividend and a yield of 0.57%. Brown & Brown’s payout ratio is 16.35%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BRO. Wells Fargo & Company increased their target price on shares of Brown & Brown from $112.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods dropped their price objective on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a research note on Friday, January 10th. Barclays lifted their target price on Brown & Brown from $108.00 to $119.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Royal Bank of Canada increased their price target on Brown & Brown from $113.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley began coverage on Brown & Brown in a research report on Thursday, December 5th. They set an “overweight” rating and a $134.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Brown & Brown currently has a consensus rating of “Hold” and an average price target of $112.08.

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.