Virtus ETF Advisers LLC Has $1.14 Million Stake in Brown & Brown, Inc. (NYSE:BRO)

Virtus ETF Advisers LLC lifted its stake in shares of Brown & Brown, Inc. (NYSE:BRO) by 24.7% during the fourth quarter, Holdings Channel reports. The fund owned 11,134 shares of the financial services provider’s stock after buying an additional 2,206 shares during the quarter. Virtus ETF Advisers LLC’s holdings in Brown & Brown were worth $1,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BRO. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Brown & Brown during the fourth quarter valued at about $28,000. Y.D. More Investments Ltd grew its stake 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 valued at $30,000 after buying an additional 162 shares during the period. R Squared Ltd bought a new stake in Brown & Brown in the 4th quarter valued at about $31,000. SBI Securities Co. Ltd. acquired a new position in Brown & Brown during the 4th quarter worth approximately $37,000. Finally, Versant Capital Management Inc boosted its holdings in Brown & Brown by 130.7% in the fourth quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 234 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BRO. Truist Financial boosted their price objective on Brown & Brown from $118.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, April 15th. Morgan Stanley reissued an “equal weight” rating and issued a $128.00 price target on shares of Brown & Brown in a research report on Tuesday, March 25th. Barclays upped their price objective on shares of Brown & Brown from $119.00 to $121.00 and gave the stock an “equal weight” rating in a report on Friday, April 11th. Edward Jones began coverage on shares of Brown & Brown in a report on Wednesday, April 16th. They set a “buy” rating for the company. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Brown & Brown from $97.00 to $102.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Brown & Brown presently has a consensus rating of “Hold” and a consensus target price of $117.50.

Brown & Brown Stock Performance

BRO stock opened at $114.29 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. The firm has a market cap of $32.68 billion, a PE ratio of 33.03, a P/E/G ratio of 2.93 and a beta of 0.75. The business has a 50 day moving average of $118.02 and a 200-day moving average of $110.47. Brown & Brown, Inc. has a 12-month low of $80.87 and a 12-month high of $125.68.

Brown & Brown (NYSE:BRO) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

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.