Catalyst Capital Advisors LLC Sells 655 Shares of Brown & Brown, Inc. (NYSE:BRO)

Catalyst Capital Advisors LLC lessened its stake in shares of Brown & Brown, Inc. (NYSE:BRO) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 39,700 shares of the financial services provider’s stock after selling 655 shares during the period. Catalyst Capital Advisors LLC’s holdings in Brown & Brown were worth $4,050,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of Brown & Brown during the 3rd quarter worth about $26,000. ST Germain D J Co. Inc. boosted its stake 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 worth $28,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Brown & Brown during the 3rd quarter worth about $29,000. Y.D. More Investments Ltd boosted its stake in shares of Brown & Brown by 122.7% during 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 stake in shares of Brown & Brown during the 4th quarter worth about $31,000. Institutional investors own 71.01% of the company’s stock.

Brown & Brown Trading Down 0.4 %

Brown & Brown stock opened at $110.50 on Monday. The business has a 50 day moving average price of $104.54 and a two-hundred day moving average price of $105.12. The company has a quick ratio of 1.73, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. The stock has a market cap of $31.60 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth ratio of 2.84 and a beta of 0.86. Brown & Brown, Inc. has a 12 month low of $80.33 and a 12 month high of $114.15.

Brown & Brown (NYSE:BRO) last posted 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, equities analysts forecast that Brown & Brown, Inc. will post 4.15 EPS for the current year.

Brown & Brown Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.54%. Brown & Brown’s payout ratio is presently 17.34%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BRO. Wells Fargo & Company boosted their price objective on Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Bank of America boosted their price objective on Brown & Brown from $116.00 to $117.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 28th. StockNews.com cut Brown & Brown from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Barclays boosted their price objective on Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Finally, Truist Financial boosted their price objective on Brown & Brown from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. 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. According to data from MarketBeat.com, Brown & Brown currently has an average rating of “Hold” and an average 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.