Segall Bryant & Hamill LLC Has $12.79 Million Stock Holdings in Brown & Brown, Inc. (NYSE:BRO)

Segall Bryant & Hamill LLC lowered its stake in Brown & Brown, Inc. (NYSE:BRO) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,350 shares of the financial services provider’s stock after selling 744 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Brown & Brown were worth $12,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group bought a new position in Brown & Brown in the third quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Brown & Brown in the fourth quarter valued at $28,000. Y.D. More Investments Ltd increased its holdings in Brown & Brown by 122.7% during the fourth quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock worth $30,000 after buying an additional 162 shares during the last quarter. R Squared Ltd bought a new stake in Brown & Brown during the fourth quarter worth $31,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Brown & Brown in the fourth quarter valued at $37,000. Institutional investors own 71.01% of the company’s stock.

Brown & Brown Stock Up 0.4 %

BRO opened at $121.44 on Wednesday. The stock has a fifty day moving average of $111.92 and a 200-day moving average of $107.82. The company has a market capitalization of $34.72 billion, a P/E ratio of 35.10, a P/E/G ratio of 2.93 and a beta of 0.86. Brown & Brown, Inc. has a fifty-two week low of $80.33 and a fifty-two week high of $121.85. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.79 and a current ratio of 1.79.

Brown & Brown (NYSE:BRO) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 expect that Brown & Brown, Inc. will post 4.18 EPS for the current year.

Brown & Brown Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, February 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Wednesday, February 5th. Brown & Brown’s dividend payout ratio is currently 17.34%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BRO. Wells Fargo & Company boosted their price objective on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods lowered their price target on Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a research report on Friday, January 10th. 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. Bank of America lifted their target price on Brown & Brown from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 28th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $128.00 price target on shares of Brown & Brown in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $112.67.

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.