Brown & Brown, Inc. (NYSE:BRO) Holdings Lifted by Forte Capital LLC ADV

Forte Capital LLC ADV grew its position in Brown & Brown, Inc. (NYSE:BRO) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,896 shares of the financial services provider’s stock after purchasing an additional 1,367 shares during the period. Forte Capital LLC ADV’s holdings in Brown & Brown were worth $7,131,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Mogy Joel R Investment Counsel Inc. lifted its stake in shares of Brown & Brown by 324.3% in the 4th quarter. Mogy Joel R Investment Counsel Inc. now owns 19,285 shares of the financial services provider’s stock worth $1,967,000 after acquiring an additional 14,740 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Brown & Brown by 4.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 161,569 shares of the financial services provider’s stock worth $18,104,000 after acquiring an additional 6,805 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Brown & Brown by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,315,654 shares of the financial services provider’s stock worth $136,302,000 after acquiring an additional 17,934 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Brown & Brown in the 3rd quarter worth approximately $9,832,000. Finally, EULAV Asset Management lifted its stake in shares of Brown & Brown by 144.8% in the 4th quarter. EULAV Asset Management now owns 430,900 shares of the financial services provider’s stock worth $43,960,000 after acquiring an additional 254,900 shares during the period. Institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BRO. Barclays upped their price target on shares of Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. StockNews.com lowered shares of Brown & Brown from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Morgan Stanley assumed coverage on shares of Brown & Brown in a research note on Thursday, December 5th. They set an “overweight” rating and a $134.00 target price for the company. Wells Fargo & Company increased their target price on shares of Brown & Brown from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, Truist Financial increased their target price on shares of Brown & Brown from $116.00 to $118.00 and gave the company a “buy” rating in a research note 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 MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $113.17.

Brown & Brown Stock Down 0.6 %

BRO stock opened at $111.69 on Friday. The company has a market cap of $31.93 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.95 and a beta of 0.86. The company has a 50 day moving average of $105.13 and a two-hundred day moving average of $105.35. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. Brown & Brown, Inc. has a 12-month low of $80.33 and a 12-month high of $114.15.

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 analysts’ consensus estimates of $0.76 by $0.10. Brown & Brown had a net margin of 20.68% and a return on equity of 17.81%. On average, equities analysts anticipate that Brown & Brown, Inc. will post 4.18 earnings per share for the current fiscal year.

Brown & Brown Dividend Announcement

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

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.