Threadgill Financial LLC Purchases 957 Shares of Brown & Brown, Inc. (NYSE:BRO)

Threadgill Financial LLC boosted its position in shares of Brown & Brown, Inc. (NYSE:BRO) by 2.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,402 shares of the financial services provider’s stock after purchasing an additional 957 shares during the quarter. Brown & Brown comprises 1.9% of Threadgill Financial LLC’s holdings, making the stock its 10th biggest position. Threadgill Financial LLC’s holdings in Brown & Brown were worth $3,510,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in Brown & Brown in the third quarter valued at about $26,000. ST Germain D J Co. Inc. increased its stake in shares of Brown & Brown by 298.5% in the 3rd quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Brown & Brown in the 3rd quarter valued at approximately $29,000. Versant Capital Management Inc raised its position in shares of Brown & Brown by 130.7% in the 4th quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 234 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Brown & Brown during the 3rd quarter worth approximately $58,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BRO shares. Argus began coverage on shares of Brown & Brown in a report on Tuesday, September 24th. They issued a “buy” rating and a $120.00 target price on the stock. Wells Fargo & Company raised their price objective on Brown & Brown from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Barclays boosted their target price on Brown & Brown from $108.00 to $119.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Truist Financial raised their price target on Brown & Brown from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, StockNews.com lowered Brown & Brown from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $112.08.

Brown & Brown Price Performance

Shares of BRO opened at $102.08 on Monday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.52. Brown & Brown, Inc. has a twelve month low of $72.19 and a twelve month high of $114.15. The stock has a market capitalization of $29.19 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.40 and a beta of 0.85. The company has a 50 day moving average of $106.82 and a 200-day moving average of $102.84.

Brown & Brown (NYSE:BRO) last announced its earnings results on Monday, October 28th. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. Brown & Brown had a net margin of 22.65% and a return on equity of 17.12%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that Brown & Brown, Inc. will post 3.74 EPS for the current fiscal year.

Brown & Brown Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were given a $0.15 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.59%. This is an increase from Brown & Brown’s previous quarterly dividend of $0.13. Brown & Brown’s payout ratio is currently 16.35%.

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.