Oregon Public Employees Retirement Fund Buys 130 Shares of Brown & Brown, Inc. (NYSE:BRO)

Oregon Public Employees Retirement Fund boosted its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,379 shares of the financial services provider’s stock after purchasing an additional 130 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Brown & Brown were worth $2,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Advisor OS LLC bought a new stake in Brown & Brown during the 4th quarter valued at approximately $561,000. Amalgamated Bank raised its stake in Brown & Brown by 0.8% during the 4th quarter. Amalgamated Bank now owns 51,904 shares of the financial services provider’s stock valued at $5,295,000 after purchasing an additional 421 shares during the period. FourThought Financial Partners LLC bought a new stake in Brown & Brown during the 4th quarter valued at approximately $223,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Brown & Brown by 20.6% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 88,443 shares of the financial services provider’s stock valued at $9,023,000 after purchasing an additional 15,100 shares during the period. Finally, Allianz Asset Management GmbH raised its stake in Brown & Brown by 36.0% during the 4th quarter. Allianz Asset Management GmbH now owns 423,017 shares of the financial services provider’s stock valued at $43,156,000 after purchasing an additional 111,883 shares during the period. Institutional investors own 71.01% of the company’s stock.

Brown & Brown Price Performance

Shares of Brown & Brown stock opened at $118.59 on Friday. The stock has a market cap of $33.91 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.86. 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 stock has a 50 day moving average price of $106.24 and a 200-day moving average price of $105.86. Brown & Brown, Inc. has a one year low of $80.33 and a one year high of $118.80.

Brown & Brown (NYSE:BRO) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.86 EPS for the quarter, topping 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%. Equities analysts expect that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Brown & Brown Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, February 5th. Brown & Brown’s payout ratio is currently 17.34%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com downgraded Brown & Brown from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Keefe, Bruyette & Woods reduced their price objective on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a research note on Friday, January 10th. Morgan Stanley started coverage on Brown & Brown in a research note on Thursday, December 5th. They issued an “overweight” rating and a $134.00 price objective on the stock. Royal Bank of Canada lifted their price objective on Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Finally, Bank of America lifted their price objective on Brown & Brown from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. One research 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’s stock. According to data from MarketBeat, Brown & Brown 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.