Marshall Financial Group LLC Increases Stake in Brown & Brown, Inc. (NYSE:BRO)

Marshall Financial Group LLC boosted its holdings in shares of Brown & Brown, Inc. (NYSE:BRO) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,677 shares of the financial services provider’s stock after buying an additional 316 shares during the quarter. Marshall Financial Group LLC’s holdings in Brown & Brown were worth $1,191,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Running Oak Capital LLC increased its position in shares of Brown & Brown by 6.6% during the fourth quarter. Running Oak Capital LLC now owns 139,759 shares of the financial services provider’s stock worth $14,258,000 after acquiring an additional 8,688 shares during the period. Monte Financial Group LLC increased its holdings in Brown & Brown by 26.4% during the 4th quarter. Monte Financial Group LLC now owns 10,258 shares of the financial services provider’s stock worth $1,047,000 after purchasing an additional 2,142 shares during the period. Tributary Capital Management LLC raised its position in Brown & Brown by 16.3% in the 4th quarter. Tributary Capital Management LLC now owns 13,596 shares of the financial services provider’s stock valued at $1,387,000 after purchasing an additional 1,905 shares in the last quarter. CX Institutional raised its position in Brown & Brown by 0.9% in the 4th quarter. CX Institutional now owns 19,652 shares of the financial services provider’s stock valued at $2,005,000 after purchasing an additional 167 shares in the last quarter. Finally, Mutual Advisors LLC boosted its stake in shares of Brown & Brown by 13.1% in the 4th quarter. Mutual Advisors LLC now owns 3,517 shares of the financial services provider’s stock valued at $373,000 after buying an additional 407 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Brown & Brown Trading Up 0.7 %

BRO opened at $106.01 on Friday. 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 52 week low of $75.79 and a 52 week high of $114.15. The business’s 50 day moving average is $105.75 and its two-hundred day moving average is $103.80. The firm has a market cap of $30.31 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 2.12 and a beta of 0.85.

Brown & Brown (NYSE:BRO) last announced its earnings results on Monday, October 28th. The financial services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Brown & Brown had a net margin of 22.65% and a return on equity of 17.12%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. On average, research analysts predict that Brown & Brown, Inc. will post 3.74 EPS for the current year.

Brown & Brown Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, February 5th. This represents a $0.60 annualized dividend and a dividend yield of 0.57%. Brown & Brown’s dividend payout ratio (DPR) is 16.35%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Brown & Brown from $113.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. StockNews.com lowered shares of Brown & Brown from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd. Jefferies Financial Group lifted their price objective on shares of Brown & Brown from $98.00 to $104.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Truist Financial increased their target price on Brown & Brown from $116.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price target on Brown & Brown from $112.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Brown & Brown has a consensus rating of “Hold” and a consensus target price of $112.08.

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.