Wilmington Savings Fund Society FSB Has $81,000 Position in Brown & Brown, Inc. (NYSE:BRO)

Wilmington Savings Fund Society FSB raised its position in Brown & Brown, Inc. (NYSE:BRO) by 41.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 791 shares of the financial services provider’s stock after purchasing an additional 232 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Brown & Brown were worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of Brown & Brown during the 3rd quarter worth about $26,000. ST Germain D J Co. Inc. lifted its stake in shares of Brown & Brown by 298.5% during the 3rd quarter. ST Germain D J Co. Inc. now owns 267 shares of the financial services provider’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Brown & Brown during the 3rd quarter worth about $29,000. Y.D. More Investments Ltd lifted its stake in shares of Brown & Brown by 122.7% during the 4th 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. Finally, R Squared Ltd acquired a new stake in shares of Brown & Brown during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BRO shares. StockNews.com cut shares of Brown & Brown from a “buy” rating to a “hold” rating in a research note on Saturday, November 2nd. Barclays lifted their price objective on shares of Brown & Brown from $108.00 to $119.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Keefe, Bruyette & Woods dropped their price objective on shares of Brown & Brown from $99.00 to $97.00 and set an “underperform” rating for the company in a research note on Friday, January 10th. Morgan Stanley initiated coverage on shares of Brown & Brown in a research note on Thursday, December 5th. They issued an “overweight” rating and a $134.00 price objective for the company. Finally, 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 note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $113.17.

Brown & Brown Price Performance

BRO stock opened at $110.95 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.79 and a debt-to-equity ratio of 0.56. Brown & Brown, Inc. has a 12 month low of $80.33 and a 12 month high of $114.15. The firm has a market cap of $31.73 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.84 and a beta of 0.86. The company’s 50-day moving average price is $104.51 and its two-hundred day moving average price is $104.92.

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%. On average, analysts anticipate that Brown & Brown, Inc. will post 4.15 earnings per share for the current fiscal 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 issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Wednesday, February 5th. Brown & Brown’s dividend payout ratio (DPR) is presently 17.34%.

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.