ORG Wealth Partners LLC Has $622,000 Stock Position in Brown & Brown, Inc. (NYSE:BRO)

ORG Wealth Partners LLC lessened its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,099 shares of the financial services provider’s stock after selling 404 shares during the period. ORG Wealth Partners LLC’s holdings in Brown & Brown were worth $622,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWA Asset Management Group LLC grew its position in shares of Brown & Brown by 3.7% in the 4th quarter. CWA Asset Management Group LLC now owns 2,916 shares of the financial services provider’s stock valued at $297,000 after buying an additional 103 shares during the last quarter. Nordea Investment Management AB increased its position in Brown & Brown by 4.0% during the 4th quarter. Nordea Investment Management AB now owns 21,746 shares of the financial services provider’s stock valued at $2,219,000 after purchasing an additional 835 shares during the period. GAMMA Investing LLC raised its holdings in Brown & Brown by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 7,906 shares of the financial services provider’s stock worth $807,000 after purchasing an additional 608 shares during the last quarter. Versant Capital Management Inc lifted 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 worth $42,000 after purchasing an additional 234 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Brown & Brown by 24.6% in the 3rd quarter. Franklin Resources Inc. now owns 109,166 shares of the financial services provider’s stock valued at $11,565,000 after purchasing an additional 21,574 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BRO has been the subject of a number of analyst reports. 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 upped their target price on Brown & Brown from $112.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Bank of America lifted their target price on Brown & Brown from $108.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. StockNews.com downgraded shares of Brown & Brown from a “buy” rating to a “hold” rating in a research report on Saturday, November 2nd. Finally, Argus assumed coverage on shares of Brown & Brown in a research note on Tuesday, September 24th. They issued a “buy” rating and a $120.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Brown & Brown presently has a consensus rating of “Hold” and an average price target of $112.08.

Brown & Brown Stock Down 0.8 %

BRO traded down $0.80 during mid-day trading on Friday, reaching $101.73. 482,734 shares of the stock were exchanged, compared to its average volume of 1,222,136. Brown & Brown, Inc. has a 1 year low of $72.19 and a 1 year high of $114.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $29.09 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.40 and a beta of 0.85. The company has a 50 day moving average price of $106.87 and a two-hundred day moving average price of $102.62.

Brown & Brown (NYSE:BRO) last released its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.91 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts anticipate that Brown & Brown, Inc. will post 3.74 EPS for the current year.

Brown & Brown Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This is a positive change from Brown & Brown’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a dividend yield of 0.59%. Brown & Brown’s dividend 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.