UniSuper Management Pty Ltd Grows Holdings in Brown & Brown, Inc. (NYSE:BRO)

UniSuper Management Pty Ltd raised its position in shares of Brown & Brown, Inc. (NYSE:BRO) by 22.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,637 shares of the financial services provider’s stock after purchasing an additional 4,759 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Brown & Brown were worth $2,615,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of Brown & Brown during the 3rd quarter valued at $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Brown & Brown during the fourth quarter valued at about $28,000. Y.D. More Investments Ltd lifted its position in shares of Brown & Brown by 122.7% in the fourth quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 162 shares in the last quarter. R Squared Ltd bought a new position in shares of Brown & Brown in the fourth quarter worth about $31,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Brown & Brown in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BRO. Bank of America boosted their price target on Brown & Brown from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Tuesday, January 28th. Keefe, Bruyette & Woods dropped their target price on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research report on Friday, January 10th. Wells Fargo & Company lifted their price target on shares of Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $128.00 price target on shares of Brown & Brown in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada raised their price objective on Brown & Brown from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $112.67.

Brown & Brown Trading Up 0.1 %

Shares of NYSE BRO opened at $122.97 on Friday. Brown & Brown, Inc. has a 1-year low of $80.33 and a 1-year high of $123.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.79 and a quick ratio of 1.79. The business’s 50 day moving average is $113.33 and its two-hundred day moving average is $108.31. The stock has a market capitalization of $35.16 billion, a P/E ratio of 35.54, a PEG ratio of 2.93 and a beta of 0.86.

Brown & Brown (NYSE:BRO) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.86 earnings per share 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, research analysts expect that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Brown & Brown Announces Dividend

The company 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 annualized dividend and a dividend yield of 0.49%. Brown & Brown’s dividend payout ratio (DPR) is presently 17.34%.

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.