D L Carlson Investment Group Inc. Sells 608 Shares of Brown & Brown, Inc. (NYSE:BRO)

D L Carlson Investment Group Inc. reduced its stake in shares of Brown & Brown, Inc. (NYSE:BRO) by 1.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,081 shares of the financial services provider’s stock after selling 608 shares during the period. D L Carlson Investment Group Inc.’s holdings in Brown & Brown were worth $4,089,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in Brown & Brown during the third quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Brown & Brown in the 4th quarter worth $28,000. Y.D. More Investments Ltd grew its stake in shares of Brown & Brown by 122.7% in the 4th quarter. Y.D. More Investments Ltd now owns 294 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 162 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Brown & Brown in the fourth quarter valued at about $31,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Brown & Brown during the fourth quarter valued at about $37,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Brown & Brown Stock Up 0.1 %

Brown & Brown stock opened at $122.97 on Monday. The firm has a market capitalization of $35.16 billion, a price-to-earnings ratio of 35.54, a P/E/G ratio of 2.93 and a beta of 0.86. The firm has a 50 day simple moving average of $113.33 and a 200 day simple moving average of $108.31. Brown & Brown, Inc. has a 1-year low of $80.33 and a 1-year high of $123.24. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56.

Brown & Brown (NYSE:BRO) last released its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that Brown & Brown, Inc. will post 4.18 earnings per share for the current year.

Brown & Brown Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.49%. Brown & Brown’s dividend payout ratio (DPR) is currently 17.34%.

Wall Street Analyst Weigh In

BRO has been the subject of several analyst reports. Wells Fargo & Company increased their price objective 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. Morgan Stanley reiterated an “equal weight” rating and set a $128.00 price target on shares of Brown & Brown in a report on Tuesday, March 25th. Bank of America upped their price objective on Brown & Brown from $116.00 to $117.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Royal Bank of Canada boosted their price target on shares of Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a report on Friday, January 10th. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.67.

About Brown & Brown

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.