Alliance Wealth Advisors LLC UT Sells 106 Shares of Brown & Brown, Inc. (NYSE:BRO)

Alliance Wealth Advisors LLC UT lessened its position in Brown & Brown, Inc. (NYSE:BRO) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,945 shares of the financial services provider’s stock after selling 106 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Brown & Brown were worth $402,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Brown & Brown during the third quarter worth about $26,000. ST Germain D J Co. Inc. lifted its position in shares of Brown & Brown by 298.5% in the third quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Brown & Brown during the 3rd quarter worth approximately $29,000. R Squared Ltd acquired a new position in shares of Brown & Brown during the 4th quarter worth approximately $31,000. Finally, Versant Capital Management Inc raised its stake in Brown & Brown by 130.7% in the 4th quarter. Versant Capital Management Inc now owns 413 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 234 shares during the period. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Brown & Brown Stock Performance

BRO opened at $105.99 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.73 and a current ratio of 1.79. Brown & Brown, Inc. has a 52-week low of $77.12 and a 52-week high of $114.15. The firm has a market cap of $30.31 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The business’s fifty day moving average is $104.98 and its 200-day moving average is $104.50.

Brown & Brown (NYSE:BRO) last released its earnings results on Monday, January 27th. The financial services provider reported $0.86 EPS for the quarter, beating 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%. Sell-side analysts expect that Brown & Brown, Inc. will post 4.15 EPS for the current fiscal year.

Brown & Brown Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.57%. The ex-dividend date is Wednesday, February 5th. Brown & Brown’s payout ratio is presently 17.34%.

Analyst Ratings Changes

A number of research firms have commented on BRO. Wells Fargo & Company lifted their price objective on shares of Brown & Brown from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Morgan Stanley assumed coverage on shares of Brown & Brown in a report on Thursday, December 5th. They set an “overweight” rating and a $134.00 target price for the company. Keefe, Bruyette & Woods lowered their price target on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating on the stock in a report on Friday, January 10th. Royal Bank of Canada boosted their price objective on Brown & Brown from $118.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Finally, StockNews.com lowered Brown & Brown from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $113.17.

Brown & Brown Company 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.