Strategic Wealth Partners Ltd. Has $1.33 Million Stock Position in Brown & Brown, Inc. (NYSE:BRO)

Strategic Wealth Partners Ltd. increased its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,969 shares of the financial services provider’s stock after purchasing an additional 628 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Brown & Brown were worth $1,328,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Journey Strategic Wealth LLC grew its stake in Brown & Brown by 2.3% in the fourth quarter. Journey Strategic Wealth LLC now owns 4,486 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 99 shares during the period. Bleakley Financial Group LLC grew its stake in Brown & Brown by 3.4% in the fourth quarter. Bleakley Financial Group LLC now owns 3,162 shares of the financial services provider’s stock valued at $323,000 after acquiring an additional 103 shares during the period. Lido Advisors LLC grew its stake in Brown & Brown by 2.6% in the fourth quarter. Lido Advisors LLC now owns 4,690 shares of the financial services provider’s stock valued at $479,000 after acquiring an additional 120 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Brown & Brown by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 20,379 shares of the financial services provider’s stock valued at $2,079,000 after acquiring an additional 130 shares during the period. Finally, Greenleaf Trust grew its stake in Brown & Brown by 0.9% in the fourth quarter. Greenleaf Trust now owns 15,475 shares of the financial services provider’s stock valued at $1,579,000 after acquiring an additional 139 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Brown & Brown Stock Performance

Shares of Brown & Brown stock opened at $111.75 on Monday. The business’s fifty day simple moving average is $116.27 and its 200 day simple moving average is $111.09. The firm has a market capitalization of $32.03 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.87. Brown & Brown, Inc. has a 12 month low of $85.97 and a 12 month high of $125.68. 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 issued its quarterly earnings results on Monday, April 28th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). Brown & Brown had a return on equity of 17.81% and a net margin of 20.68%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the business posted $1.14 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. As a group, analysts anticipate that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Brown & Brown Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 12th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Monday, May 12th. Brown & Brown’s dividend payout ratio is currently 16.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods reduced their price objective on Brown & Brown from $102.00 to $100.00 and set an “underperform” rating for the company in a research note on Monday, May 5th. Wells Fargo & Company raised their price objective on Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Edward Jones assumed coverage on Brown & Brown in a report on Wednesday, April 16th. They issued a “buy” rating on the stock. Bank of America raised their target price on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a report on Tuesday, January 28th. Finally, Royal Bank of Canada raised their target price on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $116.85.

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.